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                                  UNITED STATES
                       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) DECEMBER 7, 2004

                        OCCIDENTAL PETROLEUM CORPORATION
             (Exact name of registrant as specified in its 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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Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the Registrant under any of the following
provisions (see General Instruction A.2. below):

[   ]  Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

[   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS

Item 1.01.  Entry into a Material Definitive Agreement
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         On December 7, 2004, Occidental Petroleum Corporation amended its
Supplemental Retirement Plan (the "Plan") to cease certain accruals under the
Plan effective December 31, 2004. The amendment is filed as Exhibit 10.1 to this
Form 8-K.


                                       1



                                    SIGNATURE


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:  December 8, 2004       S. P. Dominick, Jr.
                              --------------------------------------------------
                              S. P. Dominick, Jr., Vice President and Controller
                              (Chief Accounting and Duly Authorized Officer)



                                  EXHIBIT INDEX


     10.1      Amendment Number 2 to the Occidental Petroleum Corporation
               Supplemental Retirement Plan (As Amended and Restated Effective
               January 1, 1999 Reflecting Amendments Effective through March 1,
               2001)

                                                                    EXHIBIT 10.1


                               AMENDMENT NUMBER 2
                                     TO THE
                        OCCIDENTAL PETROLEUM CORPORATION
                          SUPPLEMENTAL RETIREMENT PLAN
               (As Amended and Restated Effective January 1, 1999
             Reflecting Amendments Effective through March 1, 2001)

The Occidental Petroleum Corporation Supplemental Retirement Plan ("Plan"),
Amended and Restated effective January 1, 1999 Reflecting Amendments Effective
through March 1, 2001), is hereby amended as of December 31, 2004, as follows:

1.   A new Section 4.11, relating to "Cessation of Employer Accruals" is added
     to the end of Article 4 as follows:

       4.11    Cessation of Employer Accruals. Effective December 31, 2004, the
       allocations (except any applicable interest credits) relating to the
       Retirement Plan, the Savings Plan, and the Deferred Compensation Plan as
       described above in sections 4.1, 4.2 and 4.3, respectively, shall cease.

2.   Except as amended above, the Plan as in effect prior to this amendment
     shall continue unchanged.

                               * * * * * * * * * *

IN WITNESS WHEREOF, the Company has caused this amendment to be signed on its
behalf by its duly authorized officer this 7th day of December, 2004.



                                  OCCIDENTAL PETROLEUM CORPORATION


                                  By  /s/ RICHARD W. HALLOCK
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                                  Its Executive Vice President - Human Resources
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