XML 71 R41.htm IDEA: XBRL DOCUMENT
v3.20.4

STOCK-BASED INCENTIVE PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Summary of changes in Occidental's unvested cash- and stock- settled RSUs | A summary of changes in Occidental’s unvested cash- and stock-settled RSUs during the year ended December 31, 2020, is presented below:
|  | Cash-Settled |  | Stock-Settled
thousands, except fair values |  | RSUs |  | Weighted-Average Grant-Date Fair Value |  | RSUs |  | Weighted-Average Grant-Date Fair Value
Unvested at January 1 |  | 4,347 |  |  |  | $ | 43.46 |  |  | 4,395 |  |  |  | $ | 65.88 |
Granted |  | 1,500 |  |  |  | $ | 40.86 |  |  | 4,299 |  |  |  | $ | 41.60 |
Vested |  | (114) |  |  |  | $ | 61.61 |  |  | (2,328) |  |  |  | $ | 64.19 |
Forfeitures |  | (276) |  |  |  | $ | 42.68 |  |  | (510) |  |  |  | $ | 48.89 |
Unvested at December 31 |  | 5,457 |  |  |  | $ | 42.41 |  |  | 5,856 |  |  |  | $ | 50.21 |
Grant-date assumptions used in the Monte Carlo simulation models for the estimated payout level of TSRIs | The grant-date assumptions used in the Monte Carlo simulation models for the estimated payout level of TSRIs were as follows:
|  | TSRIs
|  | 2020 |  | 2019 |  | 2018
Assumptions used: |  |  |  |  |  |
Risk-free interest rate |  | 1.4% |  | 2.5% |  | 2.3%
Volatility factor |  | 26% |  | 22% |  | 24%
Expected life (years) |  | 3 |  | 3 |  | 3
Grant-date fair value of underlying Occidental common stock |  | $ | 41.60 |  | $ | 67.19 |  | $ | 69.87
Summary of the changes of awards | A summary of Occidental’s unvested TSRIs as of December 31, 2020 and changes during the year ended December 31, 2020 is presented below:
|  | TSRIs
thousands, except fair values |  | Awards |  | Weighted-Average Grant-Date Fair Value of Occidental Stock
Unvested at January 1 |  | 1,537 |  |  |  | $ | 67.70 |
Granted |  | 641 |  |  |  | $ | 41.60 |
Vested (a) |  | (563) |  |  |  | $ | 67.21 |
Forfeitures |  | (81) |  |  |  | $ | 52.47 |
Unvested at December 31 |  | 1,534 |  |  |  | $ | 58.02 |
(a)Presented at the target payouts. The weighted-average payout at vesting was 40% of the target, resulting in the issuance of approximately 223,000 shares of Occidental common stock.
|  | CROCEI
thousands, except fair values |  | Awards |  | Weighted-Average Grant-Date Fair Value of Occidental Stock
Unvested at January 1 |  | 154 |  |  |  | $ | 68.44 |
Granted |  | 197 |  |  |  | $ | 41.60 |
Vested (a) |  | (154) |  |  |  | $ | 68.47 |
Forfeited |  | — |  |  |  |
Unvested at December 31 |  | 197 |  |  |  | $ | 41.60 |
(a)Presented at the target payouts. The weighted-average payout at vesting was 58% of the target resulting in the issuance of approximately 89,700 shares.
Summary of stock options | The inputs to this model are presented below:
|  | Options
|  | 2020 |
Assumptions used: |  |  |
Risk-free interest rate |  | 1.5% |
Volatility factor |  | 25% |
Expected life (years) |  | 6 |
Dividend yield |  | 7.6% |
Grant-date fair value of underlying Occidental common stock |  | $ | 41.60 |
A summary of Occidental’s outstanding stock options as of December 31, 2020 and changes during the year ended December 31, 2020 is presented below:
|  | Vested |  | Unvested
thousands, except fair values |  | Options | Weighted Average Strike Price |  | Options | Weighted Average Strike Price
January 1 |  | 530 |  | $ | 79.98 |  |  | — |  |
Granted |  | — |  |  |  | 2,573 |  | $ | 41.60 |
Anti-dilution adjustment |  | 21 |  | $ | 76.96 |  |  | 101 |  | $ | 40.03 |
Vested |  | — |  |  |  | — |  |
Expirations and Forfeitures, respectively |  | — |  |  |  | — |  |
December 31 |  | 551 |  | $ | 76.96 |  |  | 2,674 |  | $ | 40.03 |

X
- Definition Disclosure of significant grant date assumptions used to estimate the fair value of performance based stock awards including grant date stock price, risk-free interest rate, dividend yield, volatility and expected life. + References No definition available. + Details
Name: | oxy_ScheduleOfFairValueAssumptionsForSharedBasedCompensationPerformanceBasedAwardsTableTextBlock
Namespace Prefix: | oxy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in number of outstanding unvested share-equivalent awards and thee related weighted-average grant-date fair value of the entity's stock fair value. + References No definition available. + Details
Name: | oxy_ScheduleOfShareBasedCompensationUnvestedAwardsTableTextBlock
Namespace Prefix: | oxy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration