Occidental Announces Dividend

Rhea-AI Summary

Occidental (NYSE: OXY) announced a quarterly dividend of $0.01 per share, payable on January 14, 2022, to shareholders on record as of December 10, 2021. The company, based in Houston, is a major player in the energy sector with extensive operations in oil production across the U.S., including the Permian Basin and Gulf of Mexico. Occidental emphasizes its commitment to advancing lower-carbon technologies through its subsidiary Oxy Low Carbon Ventures, aiming to enhance sustainability while maximizing asset value.

Positive

• Declaration of a quarterly dividend of $0.01 per share, signaling cash flow availability for shareholders.
• Extensive operations in the U.S. oil production, particularly in the Permian Basin and Gulf of Mexico, enhancing revenue potential.

Negative

• None.

HOUSTON, Nov. 03, 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 January 14, 2022, to stockholders of record as of December 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 is the dividend payment date for Occidental's (OXY) recent declaration?

The dividend is payable on January 14, 2022.

Who is eligible to receive the dividend from Occidental (OXY)?

Stockholders of record as of December 10, 2021, are eligible to receive the dividend.

How does Occidental (OXY) ensure sustainability in its operations?

Occidental is advancing lower-carbon technologies through its subsidiary Oxy Low Carbon Ventures.