Occidental Petroleum (OXY) executive compensation, 2026 proxy

Vicki Hollub, President and Chief Executive Officer, was paid $18.1M in 2025, down 3% from $18.5M the year before. The CEO-to-median-employee pay ratio was 80:1, on median employee pay of $225,637.

Filed
March 19, 2026
Annual meeting
May 1, 2026
Pay year
2025
Named executives
5
CEO total pay
$18.1M-3% vs prior year
CEO to median employee
80:1median $225,637
CEO pay in equity
68%$12.3M in awards
Prior say-on-pay support
94%of votes cast
CEO Total Compensation
$18,055,969For fiscal year 2025
Operating Cash Flow
$10.5BGenerated in 2025
Free Cash Flow
$4.3BBefore working capital
Debt Reduction
$4BPrincipal debt reduced in 2025

How Hollub was paid

$18.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary9%Stock awards68%Non-equity incentive18%Pension and deferred comp1%All other compensation4%

Named executive officers

ExecutiveTotal
Vicki HollubPresident and Chief Executive Officer$18,055,969
Sunil MathewSenior Vice President and Chief Financial Officer$5,452,005
Richard A. JacksonSenior Vice President and Chief Operating Officer$7,611,362
Kenneth DillonSenior Vice President and President, International Oil and Gas Operations$6,030,681
Jeff F. SimmonsSenior Vice President and Chief Petrotechnical Officer$5,369,572

What changed and why

  • $18.1MChief executive officer total compensation decreased to $18,055,969 in fiscal year 2025 compared to $18,535,061 in the prior year.
  • 1.43MManagement achieved record annual production of 1.43 million barrels of oil equivalent per day while reducing costs.
  • The company completed the strategic sale of OxyChem and advanced carbon capture initiatives during the year.
  • Executive compensation is heavily weighted toward long-term incentives conditioned on performance metrics.
  • 94%Shareholders previously showed strong support for executive compensation with over 94 percent approval.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.