news releases

Occidental To Hold Earnings Conference Call

LOS ANGELES, Jan. 16, 2001 -- Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call following the release of its fourth-quarter financial results on Wednesday, January 24, 2001. The conference call, to begin at 12:30 p.m. EST, may be accessed by calling 1-800-275-3210.

All remarks made during the conference call will be current at the time of the call and will not be updated to reflect subsequent material developments.

Copies of Occidental's news releases, most recent annual report, SEC filings and other financial materials are available on the company's website, http://www.oxy.com

CONTACT:   Howard Collins (media)
           (310) 443-6523
           Kenneth J. Huffman (investors)
           (212) 603-8183
           On the web: www.oxy.com