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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) APRIL 19, 1996
OCCIDENTAL PETROLEUM CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-9210 95-4035997
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
10889 WILSHIRE BOULEVARD, LOS ANGELES, CALIFORNIA 90024
(Address of Principal Executive Offices) (Zip code)
Registrant's telephone number, including area code:
(310) 208-8800
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ITEM 5. OTHER EVENTS
By means of a prospectus, dated March 27, 1996 (the
"Prospectus"), Occidental Petroleum Corporation, a Delaware
corporation ("Occidental"), made to the security holders of
INDSPEC Holding Corporation, a Delaware corporation
("INDSPEC"), exchange offers (the "Exchange Offers") to
acquire up to 8,504 shares of Class A Common Stock and each
outstanding share of Class B Common Stock of INDSPEC in
exchange for shares of Occidental common stock, par value
$.20 per share ("Occidental Common Stock"). The Agreement
and Plan of Share Exchange described in the Prospectus and
pursuant to which the Exchange Offers have been made
provides that the number of shares of Occidental Common
Stock to be delivered in exchange for each share of Class A
Common Stock and Class B Common Stock of INDSPEC accepted in
the Exchange Offers will be determined by, among other
things, the average of the last reported sales prices of the
Occidental Common Stock on the New York Stock Exchange on
each of the twenty consecutive trading days ending on the
fifth trading day prior to the date (the "Closing Date") on
which the Exchange Offers close (the "Occidental Common
Stock Value"). It is currently expected that the Exchange
Offers will expire on April 23, 1996, and that the Closing
Date will be April 26, 1996. Assuming an April 26, 1996
Closing Date, the Occidental Common Stock Value would be
$26.09, and each share of Class A Common Stock and Class B
Common Stock of INDSPEC accepted in the Exchange Offers
would be exchanged for 85.04 shares of Occidental Common
Stock.
The closing of the Exchange Offers is subject to a
number of conditions and legal requirements, the
satisfaction of which will be determined shortly prior to
the actual closing. Although Occidental is currently not
aware that any such conditions or requirements have not been
or will not be satisfied prior to the expected April 26,
1996 Closing Date, it is possible that the Closing Date
could be delayed beyond such date or canceled if any such
conditions or requirements are not satisfied. Reference
should be made to the Prospectus for a description of the
Exchange Offers and such conditions and requirements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
OCCIDENTAL PETROLEUM CORPORATION
(Registrant)
Date: April 22, 1996 By: /s/ DONALD P. DE BRIER
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Donald P. de Brier
Executive Vice President and
General Counsel
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