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Company:
Occidental Petroleum Corporation
Plan:
Occidental Petroleum Corporation Savings Plan
 

Occidental Petroleum Corporation

84 Plan:

 
 
84
40
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (84) and the top rated plan (91) could equate to:
[How is this calculated?]
6 additional years of work
Up to $56,800 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Occidental Petroleum Corporation Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 84, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Occidental Petroleum Corporation Savings Plan currently has over 12,200 active participants and over $2.7B in plan assets.


 Investment Menu Statistics

No. of Investment Options
18
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Occidental Petroleum Corporation Common Stock 36%
2. Invesco Stable Value Fund 18%
3. Vanguard Institutional Index 9%

 Retirement Plan Details

Address 5 Greenway Plaza
Houston, TX 77046-0506 
Industry Mining, Quarrying, and Oil and Gas Extraction
Administrator Dennis R. Jones
Net Plan Assets $2,670,000,000
Total Participants 12,000
Avg Account Balance $230,000

 Compare Other Companies in Peer Group

Saudi Arabian Oil Company 90.6
Anadarko Petroleum 86.5
Consol Energy 83.9
Baker Hughes 82.2
Chesapeake Energy 80.6
Oldcastle 67.1

  Plan Service Provider

Auditor Kpmg, LLP