Occidental Petroleum 2006 Annual Report Download - page 100

ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
Not applicable.
ITEM 9A CONTROLS AND PROCEDURES
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Occidental's Chief Executive Officer and Chief Financial Officer supervised and participated in Occidental's evaluation of its disclosure
controls and procedures as of the end of the period covered by this report. Disclosure controls and procedures are controls and procedures designed
to ensure that information required to be disclosed in Occidental's periodic reports filed or submitted under the Securities Exchange Act of 1934, as
amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules
and forms. Based upon that evaluation, Occidental's Chief Executive Officer and Chief Financial Officer concluded that Occidental's disclosure
controls and procedures were effective as of December 31, 2006.
There has been no change in Occidental's internal control over financial reporting during the fourth quarter of 2006 that has materially
affected, or is reasonably likely to materially affect, Occidental's internal control over financial reporting. Management’s Annual Assessment of and
Report on Occidental’s Internal Control over Financial Reporting and the Report of Independent Registered Public Accounting Firm on Internal
Control over Financial Reporting, set forth in Item 8, are incorporated by reference herein.
Part III
ITEM 10 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Occidental has adopted a Code of Business Conduct (Code). The Code applies to the Chief Executive Officer, Chief Financial Officer, Chief
Accounting Officer and persons performing similar functions (Key Personnel). The Code also applies to Occidental's directors, its employees and
the employees of entities it controls. The Code is posted on the Occidental website www.oxy.com. Occidental will satisfy any disclosure requirement
under Item 5.05 of Form 8-K regarding an amendment to, or waiver from, any provision of the Code with respect to its Key Personnel or directors by
disclosing the nature of that amendment or waiver on its website.
This item incorporates by reference the information regarding Occidental's directors appearing under the caption "Election of Directors" and
“Nominations for Directors for Term Expiring in 2008” in Occidental's definitive proxy statement filed in connection with its May 4, 2007, Annual
Meeting of Stockholders (2007 Proxy Statement). See also the list of Occidental's executive officers and significant employees and related
information under "Executive Officers" in Part I of this report.
ITEM 11 EXECUTIVE COMPENSATION
This item incorporates by reference the information appearing under the captions "Executive Compensation" and "Election of Directors —
Information Regarding the Board of Directors and Its Committees" in the 2007 Proxy Statement.
ITEM 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
This item incorporates by reference the information with respect to security ownership appearing under the caption "Security Ownership of
Certain Beneficial Owners and Management" in the 2007 Proxy Statement.
ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE
This item incorporates by reference the information appearing under the caption “Election of Directors – Information Regarding the Board of
Directors and its Committees – Independence” in the 2007 Proxy Statement.
ITEM 14 PRINCIPAL ACCOUNTANT FEES AND SERVICES
This item incorporates by reference the information with respect to accountant fees and services appearing under the sub-captions "Audit and
Other Fees" and "Report of the Audit Committee" in the 2007 Proxy Statement.
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