Occidental Petroleum Announces Dividend

HOUSTON--(BUSINESS WIRE)--

Occidental Petroleum Corporation OXY said today that its board of directors has declared a regular quarterly dividend of $.72 per share on common stock payable on October 15, 2014, to stockholders of record as of September 10, 2014.

Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $2.88 per share.

About Occidental Petroleum

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. Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental'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.