Occidental Petroleum Declares Quarterly Dividend
Occidental announced that its Board of Directors has declared a quarterly dividend of $0.24 per share on common stock, reinforcing its ongoing commitment to delivering value to stockholders. This will be effective as of January 15, 2026, for stockholders who are recorded by December 10, 2025.
About Occidental Petroleum Corporation
Occidental Petroleum Corporation (NYSE: OXY) is a prominent international energy company, having a stronghold mainly in the United States, Middle East, and North Africa. Renowned as one of the largest oil and gas producers in America, Occidental is recognized for its leading operations in the Permian and DJ basins, as well as offshore in the Gulf of Mexico.
Commitment to Sustainable Practices
Occidental's dedication extends beyond just oil and gas; it is also at the forefront of advancing sustainability through its various subsidiaries. The company is making strides with its Oxy Low Carbon Ventures unit, focusing on innovative technologies that facilitate lower-carbon solutions. They aim to maximize the value of oil and gas while actively contributing to a healthier planet.
Continuous Innovation in Operations
The company not only focuses on traditional energy resources but is also laying the groundwork for future transitions in energy consumption. Occidental’s midstream and marketing segment enhances operational efficiency by ensuring that natural resources are maximized within the market. This strategic approach aids in flow assurance and delivery, which is fundamental in today’s fast-paced energy sector.
Across the Industry Landscape
With the global push towards greener alternatives, Occidental understands the importance of innovation within the chemical production sector. Their subsidiary, OxyChem, manufactures essential components for numerous life-enhancing products, underscoring the company’s diverse business model.
Financial Performance and Market Presence
Though market conditions can fluctuate, Occidental remains a resilient player. The recent announcement of its quarterly dividend positions the company well within the competitive oil and gas landscape while ensuring its stockholders feel valued and prioritized. The move is indicative of their strong financial foundation and positive outlook on future growth.
Contact Information
For more inquiries, the media can reach out to Eric Moses at 713-497-2017 or email eric_moses@oxy.com. Investors can connect with R. Jordan Tanner at 713-552-8811 or contact via email at investors@oxy.com.
Frequently Asked Questions
What is the dividend amount declared by Occidental Petroleum?
The Board of Directors declared a quarterly dividend of $0.24 per share on common stock.
When is the dividend payment date?
The dividend is payable on January 15, 2026, to stockholders recorded by December 10, 2025.
Where does Occidental operate primarily?
Occidental operates mainly in the United States, the Middle East, and North Africa.
What initiatives does Occidental pursue for sustainability?
Occidental focuses on lower-carbon technologies through its Oxy Low Carbon Ventures subsidiary.
How can I contact Occidental for more information?
Contact Eric Moses for media inquiries and R. Jordan Tanner for investor relations via email or phone as provided above.
