Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Anderson B Chuck
  2. Issuer Name and Ticker or Trading Symbol
OCCIDENTAL PETROLEUM CORP /DE/ [OXY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, Occidental Chemical
(Last)
(First)
(Middle)
OCCIDENTAL CHEMICAL CORPORATION, 5005 LBJ FREEWAY
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2008
(Street)

DALLAS, TX 75244
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/05/2008   M   28,576 A $ 15.565 68,787 D  
Common Stock 05/05/2008   S   28,576 D $ 85.8673 (1) 40,211 D  
Common Stock 05/05/2008   M   20,000 A $ 24.66 60,211 D  
Common Stock 05/05/2008   D   20,000 D $ 86.34 40,211 D  
Common Stock 05/05/2008   S   16,234 D $ 85.7413 (2) 23,977 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option (right to buy) $ 15.565 05/05/2008   M     28,576   (3) 07/16/2013 Common Stock 28,576 $ 0 0 D  
Stock appreciation right $ 24.66 05/05/2008   M     20,000   (4) 07/14/2014 Common Stock 20,000 $ 0 100,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Anderson B Chuck
OCCIDENTAL CHEMICAL CORPORATION
5005 LBJ FREEWAY
DALLAS, TX 75244
      President, Occidental Chemical  

Signatures

 /s/ CHRISTEL H. PAULI, ATTORNEY-IN-FACT FOR B. CHUCK ANDERSON   05/06/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The price reported is an average sales price. 1,000 shares were sold at $85.74; 1,200 shares were sold at $85.75; 100 shares were sold at $85.76; 1,600 shares were sold at $85.77; 1,700 shares were sold at $85.78; 800 shares were sold at $85.80; 500 shares were sold at $85.81; 1,800 shares were sold at $85.82; 800 shares were sold at $85.83; 2,300 shares were sold at $85.84; 900 shares were sold at $85.85; 400 shares were sold at $85.86; 300 shares were sold at $85.87; 2,500 shares were sold at $85.88; 500 shares were sold at $85.89; 1,800 shares were sold at $85.90; 4,000 shares were sold at $85.91; 2,300 shares were sold at $85.92; 900 shares were sold at $85.93; 500 shares were sold at $85.94; 100 shares were sold at $85.96; 600 shares were sold at $85.98; 1,100 shares were sold at $86.01; 200 shares were sold at $86.02; and 676 shares were sold at $86.03.
(2) The price reported is an average sales price. 300 shares were sold at $85.66; 600 shares were sold at $85.67; 300 shares were sold at $85.68; 200 shares were sold at $85.69; 100 shares were sold at $85.70; 700 shares were sold at $85.71; 3,500 shares were sold at $85.73; 100 shares were sold at $85.74; 3,434 shares were sold at $85.75; and 7,000 shares were sold at $85.76.
(3) The option vested in three equal annual installments beginning on July 16, 2004.
(4) The stock appreciation right vested in three equal annual installments beginning on July 14, 2005.

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