Occidental Petroleum 2008 Annual Report Download - page 99

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ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
Not applicable.
ITEM 9A CONTROLS AND PROCEDURES
DISCLOSURE CONTROLS AND PROCEDURES
Occidental's Chairman of the Board and Chief Executive Officer and its President 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
Chairman of the Board and Chief Executive Officer and President and Chief Financial Officer concluded that Occidental's disclosure controls
and procedures were effective as of December 31, 2008.
There has been no change in Occidental's internal control over financial reporting during the fourth quarter of 2008 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 are set forth in Item 8.
Part III
ITEM 10 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Occidental has adopted a Code of Business Conduct (Code). The Code applies to the Chairman of the Board and Chief Executive
Officer, President and Chief Financial Officer, Principal 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 at 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 2009" in Occidental's definitive proxy statement filed in connection with its May 1, 2009,
Annual Meeting of Stockholders (2009 Proxy Statement). The list of Occidental's executive officers and significant employees and related
information under "Executive Officers" set forth in Part I of this report is incorporated by reference herein.
ITEM 11 EXECUTIVE COMPENSATION
This item incorporates by reference the information appearing under the captions "Executive Compensation" (except information
under the sub-caption " – 2008 Performance Highlights") and "Election of Directors – Information Regarding the Board of Directors and Its
Committees" in the 2009 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 2009 Proxy Statement. See also the information under "Securities
Authorized for Issuance Under Equity Compensation Plans" in Part II, Item 5 of this report.
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 and – Corporate Governance" and " – Related Party Transactions" in the 2009 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 captions
"Ratification of Independent Auditors – Audit and Other Fees and – Report of the Audit Committee" in the 2009 Proxy Statement.
85
Part IV