Occidental Petroleum Corporationbenefits

Occidental Petroleum Corporation's benefits plans covered 8,818 active participants in 2024, providing health. Insurance premiums totaled $1,523,638. Insurance brokers and agents were paid $711,930 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 46.7% of premiums. That is $81 per covered person, below the median for employer plans that report broker pay. Broker pay fell 2.2% from $728,227 in 2023.