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STOCK-BASED INCENTIVE PLANS -ESTIMATED LEVEL OF TSRIs & STOCK OPTIONS (Details) - TSRIs - $ / shares | 12 Months Ended
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Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Grant-date assumptions used in the Monte Carlo simulation models |  |  |
Risk-free interest rate | 4.30% | 4.60% | 1.70%
Volatility factor | 45.00% | 64.00% | 80.00%
Expected life, years | 2 years 9 months 29 days | 2 years 10 months 2 days | 2 years 10 months 20 days
Grant-date fair value of underlying Occidental common stock (in dollars per share) | $ 61.36 | $ 59.71 | $ 42.98

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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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