John Chevedden, a shareholder of Occidental Petroleum Corporation (OXY) since 2012, has issued a voluntary submission urging fellow shareholders to vote in favor of Proposal 4 during the upcoming shareholder meeting. The proposal calls for Occidental to produce an annual report detailing its lobbying activities, including policies, payments, and management's decision-making process. Chevedden highlights the importance of transparency and accountability in corporate political spending, emphasizing the potential risks to the company's reputation and shareholder value from undisclosed lobbying activities. He points out that Occidental's current disclosures are insufficient, citing the company's significant federal lobbying expenditures, which totaled $105.8 million from 2010 to 2023, and its lack of comprehensive reporting on state lobbying and dark money contributions through trade associations and social welfare groups. Chevedden argues that improved disclosure would mitigate reputational risks and align with the best interests of shareholders. The proposal is part of a broader investor campaign for greater corporate political spending and lobbying disclosure.

John Chevedden, a shareholder of Occidental Petroleum Corporation (OXY) since 2012, has issued a voluntary submission urging fellow shareholders to vote in favor of Proposal 4 during the upcoming shareholder meeting. The proposal calls for Occidental to produce an annual report detailing its lobbying activities, including policies, payments, and management's decision-making process. Chevedden highlights the importance of transparency and accountability in corporate political spending, emphasizing the potential risks to the company's reputation and shareholder value from undisclosed lobbying activities. He points out that Occidental's current disclosures are insufficient, citing the company's significant federal lobbying expenditures, which totaled $105.8 million from 2010 to 2023, and its lack of comprehensive reporting on state lobbying and dark money contributions through trade associations and social welfare groups. Chevedden argues that improved disclosure would mitigate reputational risks and align with the best interests of shareholders. The proposal is part of a broader investor campaign for greater corporate political spending and lobbying disclosure.