Summary by Futu AI
Occidental Petroleum Corporation (Occidental) has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report, audited by Weaver and Tidwell, L.L.P., presents the financial statements of the Occidental Petroleum Corporation Savings Plan, which is a defined contribution plan available to certain employees of Occidental and its participating subsidiaries. The financial statements show that the plan's net assets available for benefits increased from $2,920,409,000 in 2022 to $3,275,038,000 in 2023. The plan's investments include common stock, short-term investment funds, and interests in master trust accounts, with a significant portion invested in Occidental's own common stock. The report also includes a schedule of assets held at the end of the year and a...Show More