Anita Powers Named Vice President, Occidental Petroleum; Executive Vice President, Oxy Oil and Gas

LOS ANGELES, May 5, 2009 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today the election of Anita Powers as a Vice President of Occidental Petroleum and Executive Vice President, Worldwide Exploration, Oxy Oil and Gas.

Ms. Powers has spent the past 30 years at Oxy. She has held increasingly responsible positions at Oxy both domestic and international. Since December 2006, she has served as Vice President of Worldwide Exploration. Prior to that, she served as Director of Worldwide Geoscience, Vice President of Exploration in Colombia and Chief Exploration Geologist for Worldwide Exploration.

Ms. Powers holds a Bachelor's degree in Geology from Texas A&M University.

About Oxy

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on equity market capitalization. Oxy's wholly owned subsidiary, OxyChem, manufactures and markets chlor-alkali products and vinyls. Oxy is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of social responsibility in all of the company's worldwide operations.

Forward-Looking Statements

Statements in this release that contain words such as "will," "expect" or "estimate," or otherwise relate to the future, are forward-looking and involve risks and uncertainties that could significantly affect expected results. Factors that could cause results to differ materially include, but are not limited to: not successfully completing (or any material delay in) any expansion, capital expenditure, acquisition, or disposition; global commodity pricing fluctuations and supply/demand considerations for oil, gas and chemicals; higher-than-expected costs; political risk; operational interruptions; changes in tax rates; and exploration risks, such as drilling of unsuccessful wells. You should not place undue reliance on these forward-looking statements which speak only as of the date of this release. Unless legally required, Occidental does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise. U.S. investors are urged to consider carefully the disclosure in our Form 10-K, available through the following toll-free telephone number, 1-888-OXYPETE (1-888-699-7383) or on the Internet at http://www.oxy.com. You also can obtain a copy from the SEC by calling 1-800-SEC-0330.

CONTACT:  Occidental Petroleum Corporation 
          Media:
          Richard S. Kline
            310-443-6249          
            richard_kline@oxy.com
          Investors:
          Chris Stavros
            212-603-8184
            chris_stavros@oxy.com
          www.oxy.com

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