LOS ANGELES--(BUSINESS WIRE)--Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of
Directors has declared a regular quarterly dividend of $.33 per share on
common stock payable October 15, 2009, to stockholders of record on
September 10, 2009.
This quarterly dividend is at the same level as the dividend paid in
July. Oxy's Board voted to raise the quarterly dividend in April of this
year to the annual rate of $1.32 per share compared to the previous
annual rate of $1.28 per share. It was Oxy's eighth dividend increase
since 2002. The company has paid quarterly dividends continuously since
1975.
About Oxy
Occidental Petroleum Corporation is an international oil and gas
exploration and production company with operations in the United States,
Middle East/North Africa and Latin America regions. Oxy is the fourth
largest U.S. oil and gas company, based on equity market capitalization.
Oxy's wholly owned subsidiary, OxyChem, manufactures and markets
chlor-alkali products and vinyls. Oxy is committed to safeguarding the
environment, protecting the safety and health of employees and
neighboring communities and upholding high standards of social
responsibility in all of the company's worldwide operations.