Occidental Petroleum Increases Dividend by 21%

Occidental Petroleum Corporation

announced today that its Board of Directors has increased the company's annual dividend 21 percent to an annual rate of $1.84 per share, compared to the previous annual rate of $1.52 per share. The Occidental Board announced in December its intention to increase the dividend. The $.46 per share quarterly dividend will be payable on April 15, 2011, to stockholders of record as of March 10, 2011.