| FORM 5 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | OMB APPROVAL | ||
| Washington, D.C. 20549 | ||||
| [ ] | Check this box if no longer | OMB Number: 3235-0362 | ||
| subject to Section 16. | ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP | |||
| Form 4 or Form 5 obligations | Expires: January 31, 2005 | |||
| may continue. See | Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, | |||
| Instruction 1(b). | Section 17(a) of the Public Utility Holding Company Act of 1935 | Estimated average burden | ||
| [ ] | Form 3 Holdings Reported. | or Section 30(h) of the Investment Company Act of 1940 | hours per response.... 0.5 | |
| [ ] | Form 4 Transactions Reported. | |||
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(Print or Type Responses)
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| 1. | Name and Address of Reporting Person* | 2. | Issuer Name and Ticker or Trading Symbol | 6. | Relationship of Reporting Person(s) to Issuer | |||
| (Check all applicable) | ||||||||
| Occidental Petroleum Corporation | Lyondell Chemical Company | |||||||
| LYO | Director | X 10% Owner | ||||||
| (Last) (First) (Middle) | Officer (give title | Other (specify | ||||||
| 3. | I.R.S. Identification Number | 4. | Statement for Month/Day/Year | below) | below) | |||
| 10889 Wilshire Boulevard | of Reporting Person, if an | |||||||
| entity (voluntary) | 12/31/2002 | |||||||
| (Street) | ||||||||
| 5. | If Amendment, Date of Original | |||||||
| Los Angeles, California 90024 | 95-4035997 | (Month/Year) | ||||||
| 7. | Individual or Joint/Group Filing (Check Applicable Line) | |||||||
| (City) (State) (Zip) | Form filed by One Reporting Person | |||||||
| X Form filed by More than One Reporting Person | ||||||||
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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| 1. | Title of Security | 2. | Transaction | 2a. | Deemed | 3. | Transaction | 4. | Securities Acquired (A) or | 5. | Amount of | 6. | Ownership | 7. | Nature of | ||
| (Instr. 3) | Date | Execution | Code | Disposed of (D) | Securities | Form: | Indirect | ||||||||||
| Date, if any | Beneficially | Direct (D) or | Beneficial | ||||||||||||||
| (Month/Day/ | (Instr. 8) | (Instr. 3, 4 and 5) | Owned at End | Indirect (I) | Ownership | ||||||||||||
| Year) | (Month/Day/ | of Month | |||||||||||||||
| Year) | Amount | (A) or (D) | Price | (Instr. 3 and 4) | (Instr. 4) | (Instr. 4) | |||||||||||
| Series B Common Stock | 34,568,224(1) | I | by wholly owned subsidiary | ||||||||||||||
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Reminder: Report on a separate line for each
class of securities beneficially owned directly or
indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
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FORM 5 (continued)
Table II - Derivative Securities Acquired,
Disposed of, or Beneficially Owned
| 1. | Title of Derivative | 2. | Conver- | 3. | Trans- | 3a. | Deemed | 4. | Trans- | 5. | Number of Deriv- | 6. | Date Exer- | 7. | Title and Amount of | 8. | Price | 9. | Number | 10. | Owner- | 11. | Na- | |||
| Security | sion or | action | Execu- | action | ative Securities | cisable and Ex- | Underlying | of | of Der- | ship | ture | |||||||||||||||
| (Instr. 3) | Exercise | Date | tion | Code | Acquired (A) or | piration Date | Securities | Deriv- | ivative | Form | of In- | |||||||||||||||
| Price of | Date, | (Instr. | Disposed of (D) | (Month/Day/ | (Instr. 3 and 4) | ative | Secur- | of De- | direct | |||||||||||||||||
| Deriv- | (Month/ | if any | 8) | (Instr. 3, 4 and 5) | Year) | Secur- | ities | rivative | Bene- | |||||||||||||||||
| ative | Day/ | ity | Bene- | Secur- | ficial | |||||||||||||||||||||
| Security | Year) | (Month/ | ficially | ity: | Own- | |||||||||||||||||||||
| Day/ | (Instr. | Owned | Direct | ership | ||||||||||||||||||||||
| Year) | Date | Expira- | Amount or | 5) | at End | (D) or | (Instr. 4) | |||||||||||||||||||
| (A) | (D) | Exer- | tion | Title | Number of | of | Indi- | |||||||||||||||||||
| cisable | Date | Shares | Month | rect (I) | ||||||||||||||||||||||
| (Instr. 4) | (Instr. 4) | |||||||||||||||||||||||||
| Explanation of Responses: | ||||||||||||||||||||||||||
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(1) 568,224 shares received pursuant to a stock dividend paid on Lyondell Chemical Company's Series B Common Stock on December 31, 2002. |
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| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. | OCCIDENTAL PETROLEUM CORPORATION | ||||||
| See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||||||||
| Note: | File three copies of this Form, one of which must be manually signed. | By: | /s/ J. R. HAVERT | February 14, 2003 | ||||
| If space is insufficient, see Instruction 6 for procedure. | ||||||||
| **Signature of Reporting Person | Date | |||||||
| Potential persons who are to respond to the collection of information contained in this form are not | Name: | J. R. Havert | ||||||
| required to respond unless the form displays a currently valid OMB control number. | Title: | Vice President and Treasurer | ||||||
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JOINT FILER INFORMATION
| Name: | Occidental Chemical Holding Corporation | ||
| Address: |
10889 Wilshire Boulevard
Los Angeles, California 90024 |
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| Designated Filer: | Occidental Petroleum Corporation | ||
| Issuer & Ticker Symbol: | Lyondell Chemical Company (LYO) | ||
| Date of Event Requiring Statement: | 12/31/2002 | ||
| Signature: | OCCIDENTAL CHEMICAL HOLDING CORPORATION | ||
| By: |
/s/ J.R. HAVERT
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| J. R. Havert
Vice President and Treasurer |
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JOINT FILER INFORMATION
| Name: | Occidental Petroleum Investment Co. | ||
| Address: |
10889 Wilshire Boulevard
Los Angeles, California 90024 |
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| Designated Filer: | Occidental Petroleum Corporation | ||
| Issuer & Ticker Symbol: | Lyondell Chemical Company (LYO) | ||
| Date of Event Requiring Statement: | 12/31/2002 | ||
| Signature: | OCCIDENTAL PETROLEUM INVESTMENT CO. | ||
| By: |
/s/ J.R. HAVERT
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| J. R. Havert
Vice President and Treasurer |
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