Code of Conduct

Abstract

This Code of Business Conduct applies to Occidental Petroleum Corporation, its Board of Directors (collectively, the “Directors”), and all subsidiaries and entities that Occidental Petroleum Corporation directly or indirectly owns or controls more than fifty percent (50%) of the voting or ownership interests (collectively, the “Company”), as well as the Company’s officers and employees (collectively, “Employees”). Compliance with the Code of Business Conduct is required of all Directors and Employees. The Code of Business Conduct should also be followed by the Company’s agents and representatives, including consultants. The Company’s senior management is charged by the Board of Directors with ensuring that this Code of Business Conduct and the Company’s policies will govern, without exception, all business activities of the Company. The Audit Committee of the Occidental Petroleum Corporation Board of Directors is responsible for ensuring that appropriate ethics and compliance policies and procedures are maintained. Any illegal or unethical action, or the appearance of misconduct or impropriety by anyone acting on the Company’s behalf, is unacceptable. Each Director and Employee should use this Code of Business Conduct as a general guideline. Specific requirements are contained in the Company’s policies. The Company’s policies can be obtained from supervisors and through the Company Intranet.