Occidental Petroleum Corporation 401(k) match: 7% max
Occidental Petroleum Corporation Savings Plan · OXY · CIK 797468
Maximum employer match, as a share of pay
7%
Occidental Petroleum Corporation matches 200% of the first 2% of pay, then 100% (dollar-for-dollar) of the next 3% of pay, for a maximum employer match of 7% of pay.
From the Form 11-K filed June 29, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What Occidental Petroleum puts in, and what the plan costs
What Occidental Petroleum put into the plan, per active participant
$10,738
Occidental Petroleum Corporation put $10,738 into this plan for each of its 9,533 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Occidental Petroleum put in more per active participant than 80% of plans with 5,000+ participants in oil, gas and mining. The middle plan in that group of 31 reported $7,448. Oil, gas and mining comes from business code 211120, which Occidental Petroleum entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Occidental Petroleum pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 954035997, plan 001 · DOL EFAST2 ↗
The $10,738 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Occidental Petroleum Corporation also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $3,465 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Occidental Petroleum puts in
$3,465
a year, at a $49,500 salary.
The match paragraph, word for word
“Employer Matching Contributions – The employer matching contributions for non-collectively bargained employees is an amount equal to 200% of a participant’s contribution up to the first 2% of eligible compensation, and 100% of the next 3% of eligible compensation. Certain collectively bargained employees also fall under this matching formula, as negotiated by their respective unions. Other collectively bargained employees received employer matching contributions between 85% and 100%, as negotiated by their respective unions, up to the first 6% of eligible compensation that a participant contributes to the Plan. All employer contributions are invested in the Occidental Stock Fund (Oxy Stock Fund). All vested participants may elect to transfer their employer matching contributions to other investment funds.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are vested immediately in their contributions and employer matching contributions, plus actual earnings thereon. Participants are also fully vested in dividends paid on the portion of their employer matching contributions invested in the Oxy Stock Fund.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
97th percentile
$184.67 per participant in plan-paid administrative cost, more expensive than 97% of plans with 5,000+ participants.
What is Occidental Petroleum's 401(k) match formula?
Occidental Petroleum's 401(k) employer match tops out at 7% of pay. A tiered formula pays its best rate on the first slice of pay and less on the next, which is how the rate steps down.
| Match formula | 200% of the first 2% of pay |
|---|---|
| then | 100% (dollar-for-dollar) of the next 3% of pay |
| Maximum employer match | 7% of compensation |
| Paid in company stock | Yes |
| Conditions | Headline formula applies to non-collectively bargained employees and certain collectively bargained employees; other collectively bargained employees received matching contributions between 85% and 100%, as negotiated by their unions, up to the first 6% of eligible compensation. All employer contributions are invested in the Oxy Stock Fund; vested participants may transfer them to other funds |
At a $45,000 salary, contributing 5% ($2,250) earns the full employer match of $3,150 for the year.
What the filing says, word for word
“Employer Matching Contributions – The employer matching contributions for non-collectively bargained employees is an amount equal to 200% of a participant’s contribution up to the first 2% of eligible compensation, and 100% of the next 3% of eligible compensation. Certain collectively bargained employees also fall under this matching formula, as negotiated by their respective unions. Other collectively bargained employees received employer matching contributions between 85% and 100%, as negotiated by their respective unions, up to the first 6% of eligible compensation that a participant contributes to the Plan. All employer contributions are invested in the Occidental Stock Fund (Oxy Stock Fund). All vested participants may elect to transfer their employer matching contributions to other investment funds.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Occidental Petroleum's 401(k) vesting schedule?
Occidental Petroleum vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
Vesting, word for word
“Participants are vested immediately in their contributions and employer matching contributions, plus actual earnings thereon. Participants are also fully vested in dividends paid on the portion of their employer matching contributions invested in the Oxy Stock Fund.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
Who can join Occidental Petroleum's 401(k), and is enrollment automatic?
Occidental Petroleum enrolls new hires automatically at 5% of pay.
| Automatic enrollment | Yes: default deferral 5% of pay |
|---|
Automatic enrollment, word for word
“Newly eligible participants who do not affirmatively elect to opt out of making contributions are automatically enrolled in the Plan with a before-tax contribution amount of 5% of base pay.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
What does the Occidental Petroleum plan report on Form 5500?
The Occidental Petroleum plan reported $3.5B in assets and 12,398 participants for plan year 2024.
| Total plan assets | $3,535,655,748 |
|---|---|
| Participants | 12,398 |
| Recordkeeper | Bank Of New York Mellon Trust Company N.A. (Trustee And Custodian) |
| Plan-paid admin cost per participant | $184.67 |
How that cost compares
This plan pays $184.67 per participant. The median across plans in oil, gas and mining is $124.28, from the 618 of 653 whose Form 5500 yields a per-participant cost.
How does Occidental Petroleum's 401(k) match compare?
Occidental Petroleum Corporation's maximum 401(k) match of 7% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in oil, gas and mining, two land near Occidental Petroleum's maximum match and one vests on the same schedule.
Maximum match 7% of pay. Also in oil, gas and mining.
Maximum match 7% of pay. Also in oil, gas and mining.
Maximum match 6% of pay. Also in oil, gas and mining.
Maximum match 7% of pay, level with Occidental Petroleum.
Maximum match 7% of pay, level with Occidental Petroleum.
Maximum match 3.5% of pay. Vests immediately too, like Occidental Petroleum.
Compare Occidental Petroleum Corporation with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 29, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Occidental Petroleum Corporation's 401(k) match?
Occidental Petroleum Corporation matches 200% of the first 2% of pay, then 100% (dollar-for-dollar) of the next 3% of pay, for a maximum employer match of 7% of compensation (plan year ended December 31, 2025).
When does the Occidental Petroleum Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Occidental Petroleum Corporation's 401(k) plan have automatic enrollment?
Yes: default deferral 5% of pay.
Cite: 401(k) Monitor, “Occidental Petroleum Corporation 401(k) plan facts”, from SEC Form 11-K accession 0001628280-26-046014, plan year ended 2025-12-31.