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FORM 5500 DATA

Occidental Petroleum Corporation Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan06/01/1983
  • Net Assets as of 12/31/2017 $825,599,640
  • Plan Number60
  • 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) Participants6,583
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits2,836
  • Subtotal9,419
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits69
  • Total9,488
  • Total number of participants as of 01/01/20179,969
  • Number of participants with account balances9,403
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested184

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 Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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)).

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? No
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 $136,334,756
Contributions $45,827,096
Cash Contributions $45,827,096
Cash from Employers $45,827,096
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $90,504,971
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $9,577,333
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $3,715,077
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $77,212,561
Other Income $2,689
Expenses $68,855,097
Total Benefit Payments $68,723,831
Directly to participants or beneficiaries, including direct rollovers $68,723,831
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 $131,266
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $131,266
Net Income $67,479,659
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 $825,759,690 $758,248,608 8.90%
Total noninterest-bearing cash $3,221 $287,592 -98.88%
Receivables $9,381,062 $10,494,170 -10.61%
Employer Contributions $9,380,692 $10,493,941 -10.61%
Participant Contributions $0 $0 0.0%
Other Contributions $370 $229 61.57%
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 $0 $0 0.0%
Value of interest in common/collective trusts $246,465,490 $211,832,620 16.35%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $156,421,550 $181,747,903 -13.93%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $413,488,367 $353,886,323 16.84%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $160,050 $128,627 24.43%
Benefit Claims Payable (1) $160,050 $128,627 24.43%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $825,599,640 $758,119,981 8.90%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group, Inc.
  • Pacific Investment Company LLC
  • The Bank of New York Mellon Trst Co

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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
Vangrd Fiduciary Trst Co Inst 500 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $246,465,490
Gic Master Trust Account Opc Retirement Plan Trust DFE: Master Trust Investment Account $156,421,550
Eb Temporary Investment The Bank of New York Mellon DFE: Common/Collective Trust $0
Total $402,887,040

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.