OXY USA INC 4

What Happened
Occidental Petroleum Corp (reporting as a 10% owner through its subsidiaries) reported a disposition: 15,307,402 common units of Western Midstream Partners, LP (WES) were transferred/surrendered to the issuer on February 3, 2026 pursuant to a Unit Redemption Agreement. The filing reports this as an "other acquisition or disposition (J)" — a redemption/surrender rather than an open‑market sale. No per‑unit price or total dollar value was disclosed in the Form 4.

Key Details

• Transaction date: February 3, 2026 (Form 4 filed February 5, 2026). Filing appears timely under Form 4 requirements.
• Transaction type/code: Disposition via unit redemption (code J). Price: N/A (not disclosed).
• Shares surrendered: 15,307,402 common units.
• Holdings after transaction (per footnote): Western Gas Resources, Inc. (WGRI) holds 140,912,118 common units; APC Midstream Holdings, LLC holds 457,849; Anadarko USH1 Corporation holds 9,004,209.
• Related entities: Occidental reported through a chain of subsidiaries (OXY USA → OOP → BMS → APC → AHC → WGRI, etc.). Multiple affiliated entities concurrently filed Form 4s to report the same transaction.
• Remark: This was a redemption/surrender under a Unit Redemption Agreement tied to amendments to operating agreements, not an open‑market trade.

Context
This transaction was executed by a 10% institutional owner and reflects a contractual/unit redemption action rather than insider trading by a company executive. Such redemptions are often corporate/structural in nature (e.g., amendments, reorganizations or unit retirements) and do not necessarily indicate the reporting parties' view on the stock. Because no price or cash consideration is disclosed in the filing, the economic effect (cash received or units cancelled) is not specified here.