Occidental Increases Dividend

Rhea-AI Summary

Occidental (NYSE: OXY) has declared a quarterly dividend of $0.18 per share, payable on April 17, 2023. This increases the annual dividend to $0.72 per share, up from $0.52, reflecting the company's commitment to returning value to shareholders. The dividend is payable to stockholders of record as of March 10, 2023. Occidental is a major oil producer in the U.S., with significant operations in the Permian and DJ basins, as well as offshore Gulf of Mexico. The company focuses on reducing emissions through its Oxy Low Carbon Ventures subsidiary.

Positive

• Dividend increased to $0.72 per share annually, from $0.52.
• Regular quarterly dividend of $0.18 per share declared.

Negative

• None.

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share on common stock, payable on April 17, 2023, to stockholders of record as of the close of business on March 10, 2023. On an annual basis, the dividend is $0.72 per share at the new rate, compared to the previous annual rate of $0.52 per share.

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		Neil Backhouse 713-552-8811 investors@oxy.com

FAQ

What is the new dividend amount for Occidental (OXY)?

Occidental has increased its annual dividend to $0.72 per share.

When is the dividend payment date for Occidental (OXY)?

The dividend is payable on April 17, 2023.

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

The record date is March 10, 2023.

How does the new dividend compare to the previous one for Occidental (OXY)?

The new dividend is $0.72 per share annually, compared to the previous $0.52.

What are the main operations of Occidental (OXY)?

Occidental is a leading oil producer in the U.S. with operations in the Permian, DJ basins, and offshore Gulf of Mexico.