Occidental Announces Dividend

Rhea-AI Summary

Occidental Petroleum Corporation (NYSE: OXY) has announced a quarterly dividend of $0.01 per share on common stock, payable on July 15, 2020, to shareholders of record as of June 15, 2020. This marks a significant adjustment from the previous dividend of $0.11 per share declared on March 10, 2020. Occidental, a leading energy company in the U.S., continues to manage operations across various regions while focusing on sustainability and reducing emissions through its subsidiaries.

HOUSTON, May 29, 2020 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (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 July 15, 2020, to stockholders of record as of June 15, 2020. This is an update to the company’s previously announced dividend policy change from March 10, 2020, which reduced the quarterly dividend to $0.11 per share.

About Occidental

Occidental is an international energy company with operations in the United States, Middle East, Latin America and Africa. We are the largest onshore oil producer in the U.S., including in the Permian Basin, and a leading offshore producer in the 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 dioxide management to advance a lower-carbon world. Visit oxy.com for more information.

Contacts
Media:
Melissa E. Schoeb
713-366-5615
melissa_schoeb@oxy.com

or

Investors:
Jeff Alvarez
713-215-7864
jeff_alvarez@oxy.com

FAQ

What is the dividend amount for OXY declared in May 2020?

The dividend amount for Occidental Petroleum Corporation (OXY) is $0.01 per share.

When is the dividend for OXY payable?

The dividend is payable on July 15, 2020.

What date is the record for OXY's dividend?

The record date for the dividend is June 15, 2020.

How did the dividend change from March 2020 to May 2020 for OXY?

The dividend was reduced from $0.11 per share in March 2020 to $0.01 per share in May 2020.

What is Occidental Petroleum's focus in terms of sustainability?

Occidental is focusing on reducing emissions and advancing technologies for a lower-carbon future.