09:11 AM EST, 03/03/2025 (MT Newswires) -- Occidental Petroleum ( OXY ) said Monday that holders of its outstanding publicly traded warrants can purchase shares at a temporarily reduced exercise price of $21.30 per warrant, instead of the original price of $22.00.

The offer is set to expire on March 31, the company said.

If all warrants are exercised at the reduced price, Occidental said it would receive gross proceeds of around $1.6 billion.