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STERN RETIRES AS OCCIDENTAL OFFICER, BOARD MEMBER

 LOS ANGELES, Dec. 31 /PRNewswire/ -- Dr. Ray R. Irani, chairman, president and chief executive officer of Occidental Petroleum Corp. (NYSE: OXY), announced today that Gerald M. Stern has retired as an officer and director of Occidental effective Dec. 30, 1992.
 Stern, 55, has served as an executive vice president and senior general counsel of Occidental since 1981, has been a director since 1988 and has been corporate secretary since January 1992. Occidental's associate general counsel, John W. Alden, will serve as acting general counsel until a successor to Stern is named.
 Irani said of Stern's retirement, "It is with reluctance that I accept Jerry's decision to retire. His wise guidance and dedication will be deeply missed by his fellow board members, colleagues and associates at Occidental."
 Before joining Occidental, Stern was a founding partner of the Washington, D.C., law firm of Rogovin, Stern and Huge. He is active in numerous civic and charitable organizations, including his service as a director and immediate past-president of Bet Tzedek Legal Services. He also is a director of Seragen Inc.
 -0- 12/31/92
 /CONTACT: Howard Collins, (media) 310-443-6523, or Kenneth J. Huffman, (investors) 212-603-8183, both of Occidental Petroleum/
 (OXY)


CO: Occidental Petroleum Corp. ST: California IN: OIL SU: PER

JB-MS -- LA009 -- 0936 12/31/92 13:52 EST
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Publication:PR Newswire
Date:Dec 31, 1992
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