Elizabeth A. Ising - SEC

1 January 30, 2017 Elizabeth A. Ising Gibson, Dunn & Crutcher LLP Re: occidental petroleum corporation Dear Ms. Ising : This is in regard to your letter dated January 27, 2017 concerning the shareholder proposal submitted by The Needmor Fund et al. for inclusion in occidental s proxy materials for its upcoming annual meeting of security holders. Your letter indicates that the proponents have withdrawn the proposal and that occidental therefore withdraws its January 5, 2017 request for a no-action letter from the Division. Because the matter is now moot, we will have no further comment.

2 Copies of all of the correspondence related to this matter will be made available on our website at For your reference, a brief discussion of the Division s informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, Evan S. Jacobson Special Counsel cc: Timothy Smith Walden Asset Management Elizabeth Ising Direct: Fax: January 27, 2017 VIA E-MAIL Office of Chief Counsel Division of corporation Finance Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: occidental petroleum corporation Stockholder Proposal of The Needmor Fund et al.

3 Exchange Act of 1934 Rule 14a-8 Ladies and Gentlemen: In a letter dated January 5, 2017, we requested that the staff of the Division of corporation Finance concur that our client, occidental petroleum corporation (the Company ), could exclude from its proxy statement and form of proxy for its 2017 Annual Meeting of Stockholders a stockholder proposal (the Proposal ) and statement in support thereof submitted by The Needmor Fund, NEI Investments, Convent Academy of the Incarnate Word, The Unitarian Universalist Association, Benedictine Sisters of Mount St.

4 Scholastica and AP7 (the Proponents ). Enclosed as Exhibit A are letters, received via email, from Frank Sanchez of The Needmor Fund, each dated January 24, 2017, verifying that The Needmor Fund is authorized to withdraw the Proposal on behalf of each of the Proponents and withdrawing the Proposal on behalf of each of the Proponents. In reliance on Mr. Sanchez s letters, we hereby withdraw the January 5, 2017 no-action request. Please do not hesitate to call me at (202) 955-8287 or Nicole E. Clark, the Company s Associate General Counsel, at (713) 215-7550 if you have any questions.

5 Sincerely, Elizabeth A. Ising Enclosure Office of Chief Counsel Division of corporation Finance January 27, 2017 Page 2 cc: Nicole E. Clark, occidental petroleum corporation Frank Sanchez, The Needmor Fund Timothy Smith, Walden Asset Management Jamie Bonham, NEI Investments Sister Barbra M. Netek, Covent Academy of the Incarnate Word Timothy Brennan, The Unitarian Universalist Association Rose Marie Stallbaumer, Benedictine Sisters of Mount St. Scholastica Richard Gr tthein, AP7 EXHIBIT A 1 From:Smith, Timothy January 24, 2017 9:28 AMTo: Ising , Elizabeth Re: occidental - Needmor Additional Withdrawal LetterAttachments:oxy - needmor additional withdrawal as requested for your files Since 1975, Walden Asset Management has specialized in managing portfolios for institutional and individual clients with a dual investment mandate: competitive financial returns and positive social and environmental impact.

6 Walden is an industry leader in integrating ESG analysis into investment decision making and company engagement to strengthen ESG performance, transparency and accountability. Walden is a division of Boston Trust & Investment Management Company, a PRI signatory. Instructions or requests transmitted by email are not effective until they have been confirmed by Boston Trust. The information provided in this e-mail or any attachments is not an official transaction confirmation or account statement. For your protection, do not include account numbers, social Security numbers, passwords or other non-public information in your e-mail.

7 This message and any attachments may contain confidential or proprietary information. If you are not the intended recipient, please notify Boston Trust immediately by replying to this message and deleting it from your computer. Please do not review, copy or distribute this message. Boston Trust cannot accept responsibility for the security of this e-mail as it has been transmitted over a public network. Boston Trust & Investment Management Company Walden Asset Management BTIM, Inc. The Needmor Fund 42 South Saint Clair Street Toledo, OH 43604-8736 THE NEEDMOR FUND January 24, 2017 Ms.

8 Elizabeth Ising Gibson, Dunn & Crutcher LLP 1050 Connecticut Avenue, Washington, DC 20036 Dear Ms. Ising : I write to confirm that we are authorized to withdraw on behalf of the co-filers the shareholder proposal submitted by Needmor and co-filed by other investors including NEI Investments, Convent Academy of the Incarnate Word, The Unitarian Universalist Association, Benedictine Sisters of Mount St. Scholastica and AP7. Sincerely, Frank Sanchez Chair Investment Committee Cc: Nicole Clark occidental petroleum Resolution Co-filers 1 From:Smith, Timothy January 24, 2017 8:35 AMTo: Ising , Elizabeth Re: occidental - Needmor Additional Withdrawal LetterAttachments:oxy - needmor additional withdrawal your files as discussed.

9 Since 1975, Walden Asset Management has specialized in managing portfolios for institutional and individual clients with a dual investment mandate: competitive financial returns and positive social and environmental impact. Walden is an industry leader in integrating ESG analysis into investment decision making and company engagement to strengthen ESG performance, transparency and accountability. Walden is a division of Boston Trust & Investment Management Company, a PRI signatory. Instructions or requests transmitted by email are not effective until they have been confirmed by Boston Trust.

10 The information provided in this e-mail or any attachments is not an official transaction confirmation or account statement. For your protection, do not include account numbers, social Security numbers, passwords or other non-public information in your e-mail. This message and any attachments may contain confidential or proprietary information. If you are not the intended recipient, please notify Boston Trust immediately by replying to this message and deleting it from your computer. Please do not review, copy or distribute this message. Boston Trust cannot accept responsibility for the security of this e-mail as it has been transmitted over a public network.