Occidental Announces Dividend

Rhea-AI Summary

Occidental (NYSE: OXY) has announced a quarterly dividend of $0.13 per share, scheduled for payment on January 17, 2023. The record date for stockholders is set for December 12, 2022.

Occidental is a significant player in the international energy market, focusing on oil production in the U.S., Middle East, and North Africa. Its operations include oil and gas production, midstream services, and chemical manufacturing, alongside initiatives aimed at reducing emissions through innovative technologies.

Positive

• Quarterly dividend of $0.13 per share signals financial health.
• Confidence to maintain dividend payments reflects strong cash flow.

Negative

• None.

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.13 per share on common stock payable on January 17, 2023, to stockholders of record as of December 12, 2022.

About Occidental

Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. 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 713-497-2017 eric_moses@oxy.com		Jeff Alvarez 713-215-7864 jeff_alvarez@oxy.com

 

FAQ

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

Occidental announced a quarterly dividend of $0.13 per share.

When is the Occidental (OXY) dividend payment date?

The dividend payment date is January 17, 2023.

What is the record date for Occidental (OXY) dividend?

The record date for the dividend is December 12, 2022.

How often does Occidental (OXY) pay dividends?

Occidental typically pays dividends on a quarterly basis.

Is the dividend from Occidental (OXY) sustainable?

The announcement of the dividend suggests confidence in cash flow, but sustainability depends on future financial performance.