Occidental Petroleum 2016 BAML Global Energy Conference

Occidental Petroleum presented its strategic objectives at the Bank of America Merrill Lynch Global Energy Conference, focusing on maximizing total shareholder return through 5-8% annual oil and gas production growth, disciplined capital allocation targeting 15%+ domestic and 20%+ international returns, and maintaining a strong balance sheet. The company emphasized execution on its capital program for U.S. oil production growth, improved drilling and capital efficiency, and consistent dividend growth.