v3.26.1
Plan Interest in Master Trust Accounts
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Master Trust [Line Items]  
Plan Interest in Master Trust Accounts Plan Interest in Master Trust Accounts
 
The Plan participates in the Occidental Petroleum Corporation Defined Contribution Plan Master Trust (DCP Master Trust), which invests in various funds that are available to participants including Target Date Funds, Index Funds, and Active Funds. The Plan also invests in a synthetic GIC fund managed by Invesco (GIC MTIA). The Plan and the Occidental Retirement Plan each own an undivided interest in the DCP Master Trust and the GIC MTIA.

The following table presents the Plan interest in each master trust account (amounts in thousands):
 
As of December 31,
20252024
Plan interest in master trust accounts:
DCP Master Trust, at fair value$3,136,985 $2,649,136 
GIC MTIA, at contract value229,665 258,996 
Net assets$3,366,650 $2,908,132 
 
The following table presents the fair value of net assets held by the DCP Master Trust, in which the Plan owns an undivided interest (amounts in thousands):
As of December 31,
20252024
Master Trust BalancesPlan's Interest in Master Trust BalancesMaster Trust BalancesPlan's Interest in Master Trust Balances
Assets of DCP Master Trust:
Assets:
Investments at fair value as determined by quoted market price:
Short-term investment fund$793 $552 $872 $608 
Common/collective trusts3,850,692 2,680,569 3,208,851 2,238,728 
Common stocks51,619 35,933 22,797 15,905 
Mutual funds602,866 419,671 564,296 393,694 
Total investments4,505,970 3,136,725 3,796,816 2,648,935 
Cash and cash equivalents— — 14 10 
Receivables:
Accrued investment income810 564 464 324 
Total assets4,506,780 3,137,289 3,797,294 2,649,269 
Liabilities:
Due to broker for securities purchased436 304 190 133 
Total liabilities436 304 190 133 
Net assets of DCP Master Trust$4,506,344 $3,136,985 $3,797,104 $2,649,136 
Plan’s percentage interest in DCP Master Trust net assets70%70%


The following table presents the changes in the net assets of the DCP Master Trust, in which the Plan owns an undivided interest, as stated in the table above (amounts in thousands):
Year Ended December 31,
20252024
Net appreciation in fair value of investments:
Common/collective trusts$613,220 $449,174 
Common stocks5,362 5,570 
Mutual funds35,215 28,234 
Net appreciation653,797 482,978 
Interest and dividends16,484 14,220 
Less investment expenses(427)(606)
Investment income669,854 496,592 
Transfers in581,926 555,260 
Transfers out(542,540)(382,723)
Changes in net assets$709,240 $669,129 
The following tables provide fair value measurement information for the DCP Master Trust, in which the Plan owns an undivided interest as of December 31, 2025 and 2024, as discussed in Note 3 (amounts in thousands):

Assets at fair value as of December 31, 2025
Level 1Total
Common stocks$51,619 $51,619 
Mutual funds602,866 602,866 
Total assets in the fair value hierarchy654,485 654,485 
Investments measured at NAV:
Short-term investment fund793 
Common/collective trusts3,850,692 
Assets at fair value$654,485 $4,505,970 

Assets at fair value as of December 31, 2024
Level 1Total
Common stocks$22,797 $22,797 
Mutual funds564,296 564,296 
Total assets in the fair value hierarchy587,093 587,093 
Investments measured at NAV:
Short-term investment fund872 
Common/collective trusts3,208,851 
Assets at fair value$587,093 $3,796,816 
The following table presents the net assets held by the GIC MTIA, in which the Plan owns an undivided interest (amounts in thousands):



As of December 31,
20252024
Master Trust BalancesPlan's Interest in Master Trust BalancesMaster Trust BalancesPlan's Interest in Master Trust Balances
Assets of GIC MTIA:
Assets:
Investments, at contract value (see Note 4):
Short-term investment fund$7,706 $5,330 $8,944 $6,259 
Synthetic guaranteed investment contracts:
Common/collective trusts - fixed income funds323,612 223,829 360,227 252,092 
Total investments331,318 229,159 369,171 258,351 
Receivables:
Accrued investment income838 579 922 645 
Total receivables838 579 922 645 
Total assets332,156 229,738 370,093 258,996 
Liabilities:
Accrued expenses106 73 — — 
Total liabilities106 73 — — 
Net assets of GIC MTIA$332,050 $229,665 $370,093 $258,996 
Plan’s percentage interest in GIC MTIA net assets69%70%
 
The following table presents the changes in net assets of the GIC MTIA, in which the Plan owns an undivided interest, as stated in the table above (amounts in thousands): 

Year ended December 31,
20252024
Interest Income$10,394 $11,581 
Less investment expenses(438)(386)
Total investment income9,956 11,195 
Transfers in54,082 39,934 
Transfers out(102,081)(100,375)
Changes in net assets$(38,043)$(49,246)