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STOCK-BASED INCENTIVE PLANS -ESTIMATED LEVEL OF TSRIs & STOCK OPTIONS (Details) - $ / shares | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
TSRIs |  |  |
Grant-date assumptions used in the Monte Carlo simulation models |  |  |
Risk-free interest rate (as a percent) | 1.70% | 0.20% | 1.40%
Volatility factor (as a percent) | 80.00% | 75.00% | 26.00%
Expected life (years) | 2 years 10 months 20 days | 2 years 10 months 17 days | 3 years
Grant-date fair value of underlying Occidental common stock (in dollars per share) | $ 42.98 | $ 25.39 | $ 41.60
Options |  |  |
Grant-date assumptions used in the Monte Carlo simulation models |  |  |
Risk-free interest rate (as a percent) | 1.87% | 0.70% | 1.40%
Volatility factor (as a percent) | 58.00% | 55.00% | 25.00%
Expected life (years) | 6 years 7 days | 6 years | 6 years
Dividend yield | 0.09% | 0.16% | 7.60%
Exercise price (in dollars per share) | $ 42.98 | $ 25.39 | $ 41.60
Grant-date fair value of underlying Occidental common stock (in dollars per share) | $ 23.39 | $ 12.72 | $ 3.19

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- Definition Agreed-upon price for the exchange of the underlying asset relating to the share-based payment award. + References No definition available. + Details
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