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Occidental Petroleum | PX14A6G: Notice of exempt solicitation

Occidental Petroleum | PX14A6G: Notice of exempt solicitation

西方石油 | PX14A6G：豁免招标通知
美股sec公告 ·  04/17 10:50
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John Chevedden, a shareholder of Occidental Petroleum Corporation (OXY) since 2012, has issued a voluntary submission urging fellow shareholders to vote in favor of Proposal 4 during the upcoming shareholder meeting. The proposal calls for Occidental to produce an annual report detailing its lobbying activities, including policies, payments, and management's decision-making process. Chevedden highlights the importance of transparency and accountability in corporate political spending, emphasizing the potential risks to the company's reputation and shareholder value from undisclosed lobbying activities. He points out that Occidental's current disclosures are insufficient, citing the company's significant federal lobbying expenditures, which totaled $105.8 million from 2010 to 2023, and its lack of comprehensive reporting on state lobbying and dark money contributions through trade associations and social welfare groups. Chevedden argues that improved disclosure would mitigate reputational risks and align with the best interests of shareholders. The proposal is part of a broader investor campaign for greater corporate political spending and lobbying disclosure.
John Chevedden, a shareholder of Occidental Petroleum Corporation (OXY) since 2012, has issued a voluntary submission urging fellow shareholders to vote in favor of Proposal 4 during the upcoming shareholder meeting. The proposal calls for Occidental to produce an annual report detailing its lobbying activities, including policies, payments, and management's decision-making process. Chevedden highlights the importance of transparency and accountability in corporate political spending, emphasizing the potential risks to the company's reputation and shareholder value from undisclosed lobbying activities. He points out that Occidental's current disclosures are insufficient, citing the company's significant federal lobbying expenditures, which totaled $105.8 million from 2010 to 2023, and its lack of comprehensive reporting on state lobbying and dark money contributions through trade associations and social welfare groups. Chevedden argues that improved disclosure would mitigate reputational risks and align with the best interests of shareholders. The proposal is part of a broader investor campaign for greater corporate political spending and lobbying disclosure.
约翰·切维登自2012年以来一直是西方石油公司（OXY）的股东，他发布了一份自愿文件，敦促其他股东在即将举行的股东大会上对第4号提案投赞成票。该提案要求西方航空编写年度报告，详细说明其游说活动，包括政策、付款和管理层的决策过程。切韦登强调了企业政治支出透明度和问责制的重要性，强调了未公开的游说活动对公司声誉和股东价值构成的潜在风险。他指出，Occidental目前的披露还不够，理由是该公司在联邦政府上投入了大量的游说支出，从2010年到2023年总额为1.058亿美元，并且缺乏有关州游说活动和通过行业协会和社会福利团体捐款的全面报告。切韦登认为，改善披露将减轻声誉风险，符合股东的最大利益。该提案是投资者为增加企业政治支出和游说披露而开展的更广泛运动的一部分。
约翰·切维登自2012年以来一直是西方石油公司（OXY）的股东，他发布了一份自愿文件，敦促其他股东在即将举行的股东大会上对第4号提案投赞成票。该提案要求西方航空编写年度报告，详细说明其游说活动，包括政策、付款和管理层的决策过程。切韦登强调了企业政治支出透明度和问责制的重要性，强调了未公开的游说活动对公司声誉和股东价值构成的潜在风险。他指出，Occidental目前的披露还不够，理由是该公司在联邦政府上投入了大量的游说支出，从2010年到2023年总额为1.058亿美元，并且缺乏有关州游说活动和通过行业协会和社会福利团体捐款的全面报告。切韦登认为，改善披露将减轻声誉风险，符合股东的最大利益。该提案是投资者为增加企业政治支出和游说披露而开展的更广泛运动的一部分。
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