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FORM 5500 DATA

Occidental Petroleum Corporation Savings Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1966
  • Net Assets as of 12/31/2017 $2,393,707,586
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants6,963
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits3,231
  • Subtotal10,194
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits67
  • Total10,261
  • Total number of participants as of 01/01/201710,538
  • Number of participants with account balances10,014
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address5 Greenway Plaza
  • CityHouston
  • StateTX
  • Zip77046-0506
  • Telephone(713) 215-7000
  • EIN95-4035997
  • Industry Code211110
  • Named AdministratorAngela Knight

Plan Administrator Information

  • Administrator NameAdministrative Committee
  • Address5 Greenway Plaza
  • CityHouston
  • StateTX
  • Zip77046-0506
  • Telephone(713) 215-7000
  • Administrator EIN95-4035997

Audit Information

  • Audit StatusAudited
  • AuditorWeaver & Tidwell LLC
  • Auditor EIN75-0786316
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3I Employer Securities Limitations Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $5,500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $392,800,871
Contributions $136,229,057
Cash Contributions $136,229,057
Cash from Employers $53,785,413
Cash from Participants $74,766,902
Others (including rollovers) $7,676,742
Noncash Contributions $0
Total Earnings on Investments $256,103,242
Total Interest $927,847
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $860,664
Interest from Other Investments $67,183
Total Dividends $43,646,389
Preferred Stock $0
Common Stock $28,148,609
Rents $0
Net gain (loss) on sale of assets $-2,225,579
Aggregate Proceeds $25,573,932
Aggregate Carrying Amount $27,799,511
Total Unrealized Appreciation (depreciation) of assets $21,949,063
Real Estate $21,949,063
Other $0
Net investment gain (loss) from common/collective trusts $93,987,856
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $19,254,722
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $78,562,944
Other Income $468,572
Expenses $249,870,321
Total Benefit Payments $249,161,948
Directly to participants or beneficiaries, including direct rollovers $249,161,948
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $708,373
Professional Fees $308,829
Contract Administrator Fees $399,544
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $142,930,550
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $2,394,297,338 $2,251,565,934 6.34%
Total noninterest-bearing cash $0 $369,252 -100.00%
Receivables $7,659,572 $10,558,922 -27.46%
Employer Contributions $294,495 $1,306,156 -77.45%
Participant Contributions $177,261 $1,929,640 -90.81%
Other Contributions $7,187,816 $7,323,126 -1.85%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $21,937,231 $22,894,860 -4.18%
Value of interest in common/collective trusts $520,051,427 $401,124,916 29.65%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $462,849,778 $540,781,219 -14.41%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $725,294,415 $615,101,444 17.91%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $656,504,915 $660,735,321 -0.64%
Employer Securities $656,504,915 $660,735,321 -0.64%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $589,752 $788,898 -25.24%
Benefit Claims Payable (1) $589,752 $788,898 -25.24%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $2,393,707,586 $2,250,777,036 6.35%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Bank of New York Mellon Trst Co
  • Causeway Capital Management LLC
  • Dodge & Cox Funds
  • Fidelity Investments
  • Massachusetts Financial Services Co
  • Pacific Investment Mgmt Co LLC
  • The Vanguard Group, Inc.
  • Neuberger Berman Trust Company N.A

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Blackrock Institutional Trst Co N.A Investment management fees paid directly by plan Service Provider $308,829 $0 $308,829
Alliance Bernstein L.P. Investment management fees paid directly by plan, Soft dollars commissions Service Provider $0 $0 $0
Total $308,829 $0 $308,829

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Gic Master Trust Account Opc Retirement Plan Trust DFE: Master Trust Investment Account $330,851,213
Vangrd Fiduciary Trst Co Inst 500 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $328,583,772
Oxy Combined Alliance Berstein The Opc Master Retirement Pl Trust DFE: Master Trust Investment Account $114,567,228
Fidelity Contra Fd Commingled Pool Fidelity Gropu Trst for Employee Benefits Plan DFE: Common/Collective Trust $110,954,277
Equity Dividend Fund Blackrock Inst Trust Company N.A. DFE: Common/Collective Trust $57,921,143
Oxy Combined Advent Capital Mgmt The Opc Master Retirement Pl Trust DFE: Master Trust Investment Account $17,431,337
Eb Temporary Investment The Bank of New York Mellon DFE: Common/Collective Trust $12,630,463
Neuberger Berman Value Equity Fund Neuberger Berman Trust Company N.A. Collective Investment Trust DFE: Common/Collective Trust $9,961,772
Total $982,901,205

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.