Occidental Announces Dividend

Rhea-AI Summary

Occidental (NYSE: OXY) has declared a quarterly dividend of $0.13 per share on common stock, scheduled for payment on October 17, 2022. Shareholders of record as of September 12, 2022 will be eligible for this dividend. The company, a leading oil producer in the United States with significant operations in the Permian and DJ basins and the Gulf of Mexico, focuses on maximizing the value of its oil and gas assets while advancing carbon management solutions through its Oxy Low Carbon Ventures.

Positive

• Quarterly dividend of $0.13 per share highlights commitment to returning value to shareholders.
• Strong position as one of the largest oil producers in the U.S. enhances investor confidence.

Negative

• None.

HOUSTON, July 27, 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 October 17, 2022, to stockholders of record as of September 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	Jeff Alvarez
713-497-2017	713-215-7864
eric_moses@oxy.com	jeff_alvarez@oxy.com

 

FAQ

What is the dividend amount for OXY for Q3 2022?

Occidental has declared a quarterly dividend of $0.13 per share for Q3 2022.

When will Occidental's Q3 2022 dividend be paid?

The dividend will be paid on October 17, 2022.

What is the record date for Occidental's Q3 2022 dividend?

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

How often does Occidental pay dividends?

Occidental pays dividends quarterly.

Is the dividend from Occidental sustainable?

The sustainability of dividends will depend on the company's financial performance and market conditions.