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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 13, 1999
OCCIDENTAL PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-9210 95-4035997
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
10889 Wilshire Boulevard
Los Angeles, California 90024
(Address of principal executive offices) (ZIP code)
Registrant's telephone number, including area code:
(310) 208-8800
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Item 5. Other Events
On January 20, 1999, Oxy Capital Trust I (the "Trust"), a wholly-owned
subsidiary of Occidental Petroleum Corporation ("Occidental"), issued
$525,000,000 aggregate liquidation amount of its 8.16% Trust Originated
Preferred Securities at a public offering price of $25 per preferred security.
The preferred securities are guaranteed by Occidental based on several
obligations. The Trust invested the proceeds from such sale, together with the
proceeds from the sale of its common securities to Occidental, into $541,237,125
aggregate principal amount of 8.16% Subordinated Deferrable Interest Notes due
2039 of Occidental.
Item 7. Exhibits
1.1 Underwriting Agreement, dated January 13, 1999, among Occidental,
the Trust and the Underwriters named therein.
4.1 Amended and Restated Declaration of Trust of Oxy Capital Trust I,
dated January 20, 1999.
4.2 Indenture (Subordinated Debt Securities), dated as of January 20,
1999, between Occidental and The Bank of New York, as Trustee.
4.3 Preferred Securities Guarantee, dated as of January 20, 1999, between
Occidental and The Bank of New York, as Trustee.
4.4 Officers' Certificate, dated as of January 20, 1999, pursuant to the
Indenture.
4.5 Form of 8.16% Subordinated Deferrable Interest Notes due 2039.
8.1 Opinion of Skadden, Arps, Slate, Meagher & Flom LLP regarding tax
matters.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
OCCIDENTAL PETROLEUM CORPORATION
(Registrant)
DATE: January 20, 1999 By: /s/ J. R. Havert
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Name: J. R. Havert
Title: Vice President and Treasurer
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EXHIBIT INDEX
EXHIBIT
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1.1 Underwriting Agreement, dated January 13, 1999, among Occidental,
the Trust and the Underwriters named therein.
4.1 Amended and Restated Declaration of Trust of Oxy Capital Trust I,
dated January 20, 1999.
4.2 Indenture (Subordinated Debt Securities), dated as of January 20,
1999, between Occidental and The Bank of New York, as Trustee.
4.3 Preferred Securities Guarantee, dated as of January 20, 1999, between
Occidental and The Bank of New York, as Trustee.
4.4 Officers' Certificate, dated as of January 20, 1999, pursuant to the
Indenture.
4.5 Form of 8.16% Subordinated Deferrable Interest Notes due 2039.
8.1 Opinion of Skadden, Arps, Slate, Meagher & Flom LLP regarding tax
matters.
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