OCCIDENTAL PETROLEUM CORP /DE/ 4

What Happened

• Occidental Petroleum (reported as a 10% owner) — through its indirect subsidiary Western Gas Resources, Inc. (WGRI) — transferred/surrendered 15,307,402 common units of Western Midstream Partners, LP to the partnership on Feb 3, 2026.
• The filing reports the disposition as transaction code (J) "other acquisition or disposition" under a Unit Redemption Agreement dated Jan 16, 2026. No per-share price or cash amount is reported (N/A), so no dollar value is disclosed.
• This was a corporate/unit redemption/transfer tied to amendments to operating agreements, not an open-market sale by an executive.

Key Details

• Transaction date: Feb 3, 2026 (Unit Redemption Agreement entered Jan 16, 2026). Filing date: Feb 5, 2026 (timely).
• Transaction type/code: Other acquisition/disposition (J); 15,307,402 common units surrendered/transferred; price reported as N/A (no cash amount disclosed).
• Shares owned after transaction: WGRI holds 140,912,118 common units; APC Midstream Holdings, LLC holds 457,849 units; Anadarko USH1 Corporation holds 9,004,209 units (per filing footnote).
• Notable: WGRI is the sole member of Western Midstream Holdings, LLC (the 2% economic general partner). Multiple Occidental-related entities concurrently filed Form 4s to disclose this transaction.

Context

• This is an institutional/affiliate transaction by a 10% owner and related subsidiaries — a structural corporate action (unit redemption) rather than routine insider buy/sell activity. Such redemptions often reflect agreement changes or reorganizations and should not be read as a straightforward bullish or bearish signal by insiders.
• No price or proceeds were reported in the Form 4, so market-value impact cannot be determined from this filing alone.