Edgar Filing: OCCIDENTAL PETROLEUM CORP /DE/

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

HAVERT JAMES R

2. Issuer Name and Ticker or Trading Symbol
OCCIDENTAL PETROLEUM CORP /DE/ [OXY]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Vice President and Treasurer

(Last)

(First)

(Middle)

OCCIDENTAL PETROLEUM CORPORATION, 10889 WILSHIRE BOULEVARD

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2008

(Street)

LOS ANGELES, CA 90024

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2008		M		14,952	A	$ 13.375	105,049	D
Common Stock	05/15/2008		S		14,952	D	$ 89.178 ⁽¹⁾	90,097	D
Common Stock	05/15/2008		M		10,088	A	$ 13.215	100,185	D
Common Stock	05/15/2008		S		10,088	D	$ 89.1914 ⁽³⁾	90,097	D
Common Stock	05/15/2008		M		6,424	A	$ 15.565	96,521	D
Common Stock	05/15/2008		S		6,424	D	$ 89.1296 ⁽⁵⁾	90,097	D
Common Stock	05/15/2008		M		13,576	A	$ 15.565	103,673	D
Common Stock	05/15/2008		F		7,477	D	$ 90.49	96,196	D
Common Stock	05/15/2008		S		6,099	D	$ 89.1672 ⁽⁷⁾	90,097	D
Common Stock	05/15/2008		M		4,054	A	$ 24.66	94,151	D
Common Stock	05/15/2008		S		4,054	D	$ 89.2298 ⁽⁸⁾	90,097	D
Common Stock	05/15/2008		M		15,946	A	$ 24.66	106,043	D
Common Stock	05/15/2008		F		9,654	D	$ 90.42	96,389	D
Common Stock	05/15/2008		S		6,292	D	$ 89.0991 ⁽¹⁰⁾	90,097	D
Common Stock	05/15/2008		M		30,000	A	$ 24.66	120,097	D
Common Stock	05/15/2008		D		30,000	D	$ 90.63	90,097	D
Common Stock	05/15/2008		M		20,000	A	$ 40.805	110,097	D
Common Stock	05/15/2008		F		14,039	D	$ 90.565	96,058	D
Common Stock	05/15/2008		M		6,667	A	$ 50.445	102,725	D
Common Stock	05/15/2008		F		5,065	D	$ 90.565	97,660	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee stock option (right to buy)

$ 13.375

05/15/2008

14,952

⁽²⁾

07/11/2011

Common Stock

14,952

$ 0

Employee stock option (right to buy)

$ 13.215

05/15/2008

10,088

⁽⁴⁾

07/17/2012

Common Stock

10,088

$ 0

Employee stock option (right to buy)

$ 15.565

05/15/2008

6,424

⁽⁶⁾

07/16/2013

Common Stock

6,424

$ 0

13,576

Employee stock option (right to buy)

$ 15.565

05/15/2008

13,576

⁽⁶⁾

07/16/2013

Common Stock

13,576

$ 0

Employee stock option (right to buy)

$ 24.66

05/15/2008

4,054

⁽⁹⁾

07/14/2014

Common Stock

4,054

$ 0

15,946

Employee stock option (right to buy)

$ 24.66

05/15/2008

15,946

⁽⁹⁾

07/14/2014

Common Stock

15,946

$ 0

Stock appreciation right

$ 24.66

05/15/2008

30,000

⁽¹¹⁾

07/14/2014

Common Stock

30,000

$ 0

Stock appreciation right

$ 40.805

05/15/2008

20,000

⁽¹²⁾

07/13/2015

Common Stock

20,000

$ 0

10,000

Stock appreciation right

$ 50.445

05/15/2008

6,667

⁽¹³⁾

07/19/2016

Common Stock

6,667

$ 0

13,333

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HAVERT JAMES R OCCIDENTAL PETROLEUM CORPORATION 10889 WILSHIRE BOULEVARD LOS ANGELES, CA 90024			Vice President and Treasurer

Signatures

/s/ CHRISTEL H. PAULI, Attorney-in-Fact for James R. Havert		05/16/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The price reported is an average sale price. 400 shares were sold at $89.07; 600 shares were sold at $89.08; 1,000 shares were sold at $89.09; 800 shares were sold at $89.11; 500 shares were sold at $89.13; 1,000 shares were sold at $89.14; 1,600 shares were sold at $89.15; 600 shares were sold at $89.16; 400 shares were sold at $89.18; 652 shares were sold at $89.19; 2,000 shares were sold at $89.20; 1,900 shares were sold at $89.21; 400 shares were sold at $89.22; 100 shares were sold at $89.23; 1,200 shares were sold at $89.24; 600 shares were sold at $89.25; 300 shares were sold at $89.26; 700 shares were sold at $89.27; and 200 shares were sold at $89.28.
(2)	The option vested in three equal annual installments beginning on July 11, 2002.
(3)	The price reported is an average sale price. 1,900 shares were sold at $89.15; 1,288 shares were sold at $89.16; 100 shares were sold at $89.17; 100 shares were sold at $89.18; 100 shares were sold at $89.19; 3,700 shares were sold at $89.20; 700 shares were sold at $89.21; 1,300 shares were sold at $89.22; 300 shares were sold at $89.23; and 600 shares were sold at $89.24.
(4)	The option vested in three equal annual installments beginning on July 17, 2003.
(5)	The price reported is an average sale price. 1,700 shares were sold at $89.07; 700 shares were sold at $89.11; 700 shares were sold at $89.12; 700 shares were sold at $89.13; 200 shares were sold at $89.14; 300 shares were sold at $89.15; 324 shares were sold at $89.16; 300 shares were sold at $89.17; 1,400 shares were sold at $89.19; and 100 shares were sold at $89.20.
(6)	The option vested in three equal annual installments beginning on July 16, 2004.
(7)	The price reported is an average sale price. 1,000 shares were sold at $89.11; 600 shares were sold at $89.12; 200 shares were sold at $89.14; 500 shares were sold at $89.15; 200 shares were sold at $89.16; 1,399 shares were sold at $89.17; 400 shares were sold at $89.19; 300 shares were sold at $89.20; 100 shares were sold at $89.21; and 1,400 shares were sold at $89.22.
(8)	The price reported is an average sale price. 100 shares were sold at $89.20; 1,000 shares were sold at $89.21; 600 shares were sold at $89.22; 700 shares were sold at $89.23; 500 shares were sold at $89.24; and 1,154 shares were sold at $89.25.
(9)	The option vested in three equal annual installments beginning on July 14, 2005.
(10)	The price reported is an average sale price. 100 shares were sold at $89.06; 700 shares were sold at $89.07; 1,592 shares were sold at $89.08; 600 shares were sold at $89.09; 1,000 shares were sold at $89.10; 600 shares were sold at $89.11; and 1,700 shares were sold at $89.13.
(11)	The stock appreciation right vested in three equal annual installments beginning on July 14, 2005.
(12)	The stock appreciation right vests in three equal annual installments beginning on July 13, 2006.
(13)	The stock appreciation right vests in three equal annual installments beginning on July 19, 2007.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.