July 17, 2008 12:48 PM Eastern Daylight Time
Occidental Petroleum Declares Dividend
LOS ANGELES--(BUSINESS WIRE)--Occidental Petroleum Corporation (NYSE:OXY) said today that its board of
directors has declared a regular quarterly dividend of $.32 per share on
common stock payable October 15, 2008, to stockholders of record on
September 10, 2008.
Oxy's board voted to raise the quarterly dividend in July of this year
to the annual rate of $1.28 per share from the previous annual rate of
$1.00 per share. It was Oxy's seventh dividend increase since 2002,
bringing the company's dividend growth rate to 16.2 percent over the
period. 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. Occidental 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.