FORM 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
         OMB APPROVAL
  OMB Number: 3235-0287
  Expires: January 31, 2005
[  ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

  Estimated average burden
  hours per response....   0.5
                 
(Print or Type Responses)
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer
              (Check all applicable)
Occidental Petroleum Corporation Premcor Inc.    

PCO            Director   X       10% Owner
(Last)                                (First)                          (Middle)
           Officer (give title            Other (specify
Occidental Petroleum Corporation 3. I.R.S. Identification Number 4. Statement for Month/Day/Year                  below)                below)
10889 Wilshire Boulevard of Reporting Person, if an

entity (voluntary) 01/23/2003
                                          (Street)
5. If Amendment, Date of Original
Los Angeles, California 90024         95-4035997 (Month/Year)

7. Individual or Joint/Group Filing (Check Applicable Line)
       (City)                               (State)                           (Zip)            Form filed by One Reporting Person
  X       Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Transaction 2a. Deemed 3. Transaction Code 4. Securities Acquired (A) or 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) Date Execution Disposed of (D) Securities Form: Indirect
Date, if any (Instr. 8) Beneficially Direct (D) or Beneficial
(Month/Day/ (Instr. 3, 4 and 5) Owned at End Indirect (I) Ownership
Year) (Month/Day/

of Month
Year) Code V Amount (A) or (D) Price (Instr. 3 and 4) (Instr. 4) (Instr. 4)

         

         

         

         

         

         

         

         

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
 

 

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FORM 4 (continued)                               Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative 2. Conver- 3. Trans- 3a. Deemed 4. Transac- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
Security sion or action Execu- tion Code ative Securities cisable and Ex- Underlying of of Der- ship ture
(Instr. 3) Exercise Date tion (Instr. 8) Acquired (A) or piration Date Securities Deriv- ivative Form of In-
Price of Date, Disposed of (D) (Month/Day/ (Instr. 3 and 4) ative Secur- of De- direct
Deriv- (Month/ if any (Instr. 3, 4 and 5) Year) Secur- ities rivative Bene-
ative Day/ ity Bene- Secur- ficial
Security Year) (Month/



ficially ity: Own-
Day/ (Instr. Owned Direct ership
Year)     Date     Expira- Amount or 5) at End (D) or (Instr. 4)
Code V (A) (D)     Exer-     tion Title Number of of Indi-
    cisable     Date Shares Month rect (I)
(Instr. 4) (Instr. 4)

Stock option (right to buy) $20.00 01/23/03 A (1) 2,500 (2) 01/24/2013 Common Stock 2,500 2,500 I (3)

                               

                               

                               

                               

                               

                               

                               

Explanation of Responses:
 
(1)    The option was granted pursuant to the Premcor Inc. Outside Director Compensation Program to Occidental C.O.B. Partners in lieu of its designee on the Premcor Board of Directors.
(2)    The option vests in five equal annual installments beginning on January 23, 2004.
(3)    Owned by Occidental C.O.B. Partners, an indirect wholly-owned subsidiary of Occidental Petroleum Corporation.
    
    
    
    
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. OCCIDENTAL PETROLEUM CORPORATION
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Note: File three copies of this Form, one of which must be manually signed. By: /s/ J. R. HAVERT January 27, 2003
If space is insufficient, see Instruction 6 for procedure.

**Signature of Reporting Person Date
Potential persons who are to respond to the collection of information contained in this form are not Name: J. R. Havert
required to respond unless the form displays a currently valid OMB control number. Title: Vice President and Treasurer

 

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JOINT FILER INFORMATION

 

Name: Occidental C.O.B. Partners
       
Address: 110 West 7th Street
P.O. Box 300
Tulsa, Oklahoma 74102
       
Designated Filer: Occidental Petroleum Corporation
       
Issuer & Ticker Symbol: Premcor Inc. (PCO)
       
Date of Event Requiring Statement: 01/23/2003
       
Signature: OCCIDENTAL C.O.B. PARTNERS
by OXY USA Inc., its managing partner
       
By:   /s/ J. R. HAVERT
J. R. Havert
Vice President and Treasurer

 

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JOINT FILER INFORMATION

 

Name: Placid Oil Company
       
Address: 10889 Wilshire Boulevard
Los Angeles, California 90024
       
Designated Filer: Occidental Petroleum Corporation
       
Issuer & Ticker Symbol: Premcor Inc. (PCO)
       
Date of Event Requiring Statement: 01/23/2003
       
Signature: PLACID OIL COMPANY
       
By:   /s/ J. R. HAVERT
J. R. Havert
Vice President and Treasurer

 

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JOINT FILER INFORMATION

 

Name: OXY USA Inc.
       
Address: 5 Greenway Plaza
Houston, Texas 77046
       
Designated Filer: Occidental Petroleum Corporation
       
Issuer & Ticker Symbol: Premcor Inc. (PCO)
       
Date of Event Requiring Statement: 01/23/2003
       
Signature: OXY USA INC.
       
By:   /s/ J. R. HAVERT
J. R. Havert
Vice President and Treasurer

 

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JOINT FILER INFORMATION

 

Name: Occidental Oil and Gas Holding Corporation
       
Address: 10889 Wilshire Boulevard
Los Angeles, California 90024
       
Designated Filer: Occidental Petroleum Corporation
       
Issuer & Ticker Symbol: Premcor Inc. (PCO)
       
Date of Event Requiring Statement: 01/23/2003
       
Signature: OCCIDENTAL OIL AND GAS HOLDING CORPORATION
       
By:   /s/ J. R. HAVERT
J. R. Havert
Vice President and Treasurer

 

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JOINT FILER INFORMATION

 

Name: Occidental Petroleum Investment Co.
       
Address: 10889 Wilshire Boulevard
Los Angeles, California 90024
       
Designated Filer: Occidental Petroleum Corporation
       
Issuer & Ticker Symbol: Premcor Inc. (PCO)
       
Date of Event Requiring Statement: 01/23/2003
       
Signature: OCCIDENTAL PETROLEUM INVESTMENT CO.
       
By:   /s/ J. R. HAVERT
J. R. Havert
Vice President and Treasurer

 

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