OccidentalPetroleum Corp. in a Form 8-K filed April 1 said it has enteredinto an underwriting agreement with a syndicate of banks to issue and sell aseries of senior notes, for net proceeds of about $2.72 billion, afterunderwriting discounts and estimated offering expenses.

Occidentalagreed to issue and sell to the underwriters $400 million aggregateprincipal amount of its 2.600% senior notes due 2022, $1.15 billion, aggregate principalamount of its 3.400% senior notes due 2026, and $1.20 billion aggregateprincipal amount of its 4.400% senior notes due 2046. The offering is expectedto close on April 4, subject to customary conditions.

Occidental said that the estimated net proceeds will be usedto refinance its used torefinance Occidental's $750 million in aggregate principal amount of 4.125%senior notes prior to or at maturity in June 2016 and Occidental's $1.25billion in aggregate principal amount of 1.750% senior notes prior to maturityin February 2017, and for general corporate purposes.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC,Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC arerepresentatives of the several underwriters in the offering.