Occidental Announces Dividend

Rhea-AI Summary

Occidental (NYSE: OXY) has announced a quarterly dividend of $0.01 per share, payable on October 15, 2021, to shareholders recorded by September 10, 2021. This distribution reflects the company's ongoing commitment to returning value to its investors amidst its operations as a top oil producer in the U.S., primarily in the Permian and DJ basins, and the Gulf of Mexico. Occidental continues to focus on sustainable business practices through its Oxy Low Carbon Ventures subsidiary, which promotes technologies for emission reduction.

Positive

• Quarterly dividend of $0.01 per share reflects commitment to returning value to shareholders.
• Company maintains strong position as one of the largest oil producers in the U.S.

Negative

• None.

HOUSTON, July 28, 2021 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on October 15, 2021, to stockholders of record as of September 10, 2021.

About Occidental

Occidental is an international energy company with assets in the United States, Middle East, Africa and Latin America. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. Visit oxy.com for more information.

Contacts
Media	Investors
Eric Moses	Jeff Alvarez
713-497-2017	713-215-7864
eric_moses@oxy.com	jeff_alvarez@oxy.com

FAQ

What is the dividend amount declared by Occidental (OXY)?

Occidental has declared a quarterly dividend of $0.01 per share.

When will Occidental's dividend be paid?

The dividend will be paid on October 15, 2021.

What is the record date for Occidental's dividend?

The record date for the dividend is September 10, 2021.

How often does Occidental pay dividends?

Occidental typically pays dividends quarterly.

Is the dividend from Occidental sustainable?

The press release does not provide specific information on the sustainability of the dividend.