Shareholders ask our Board of Directors to take the steps necessary to amend the appropriate company governing documents to give the owners of a combined 10% of our outstanding common stock the power to call a special shareholder meeting or the owners of the lowest percentage of shareholders, as governed by state law, the power to call a special shareholder meeting. Such a special shareholder meeting can be an easy to convene online shareholder meeting. To guard against the Occidental Petroleum of Directors and management becoming complacent shareholders need the ability to call a special shareholder meeting to help the Board adopt new strategies when OXY underperforms. Currently it takes 15% of OXY shares to call for a special shareholder meeting. However this 15% is deceiving because the 15% of shares must be OXY record holder shares. This can easily exclude 60% of OXY shareholders. Now could be a ripe time for this policy since OXY stock was at $87 in 2018 and was down to only $40 in late 2025 despite a robust stock market. Shareholders may especially seek a less burdensome right to call for a special shareholder meeting considering the headwinds now faced by OXY. After underperforming in 2024, OXY shares continued to decline in the first half of 2025, shedding another 15% of their value. In Q2 2025, OXY reported a 60% year over year drop in net income and a 75% decline in earnings per share. This was driven by lower production volumes and persistent pressure on commodity prices. Concerns have continued over OXY’s substantial debt, which was further increased by the acquisition of CrownRock in late 2024. Market reaction was negative. In August 2025, Morgan Stanley downgraded OXY stock to “Equal Weight,” specifically citing worries over its debt levels. OXY stock plunged by 7% in October 2025 following its announcement to sell its chemicals division, OxyChem, to Berkshire Hathaway for $9 billion. Analysts argued that OXY received a low multiple for the business. The OxyChem sale leaves OXY more dependent on the volatile prices of crude oil and natural gas. This reduces the OXY’s diversification and increases its exposure to market fluctuations. With Occidental increasing its investment in carbon capture technologies, OXY took criticism from ESG shareholders. Certain critics said that Occidental’s climate credibility is undermined by its practice of using captured CO₂ for Enhanced Oil Recovery (EOR). This can increase oil production, which some see as “greenwashing.” OXY faces scrutiny from ESG shareholders who question the alignment of continued fossil fuel investments with net zero objectives. Critics also question the commercial viability of OXY’s direct air capture and carbon capture utilization and storage projects, particularly when used for EOR. Wall Street lowered earnings forecasts in its chemicals and midstream segments in 2025. OXY also agreed to pay $2.8 million to settle a lawsuit with the state of Colorado related to alleged violations of the Clean Air Act.