DBRS Discontinues Ratings on Occidental Petroleum Corporation

DBRS Limited (DBRS) has today discontinued the Issuer Rating as well as the Senior Notes, Senior Debentures, & MTNs and Commercial Paper ratings of Occidental Petroleum Corporation (Occidental or the Company). The ratings are being discontinued at the request of the Company. DBRS notes that the discontinuation is unrelated to Occidental’s credit risk profile.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodologies are Rating Companies in the Oil and Gas Industry (September 2015) and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (April 2015), which can be found on our website under Methodologies.