Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
Occidental Petroleum Dividend Announcement
• Occidental Petroleum announced a quarterly dividend of $0.22 per ordinary share which will be made payable on 2025-01-15. Ex dividend date: 2024-12-10
• Occidental Petroleum annual dividend for 2024 was $0.88
• Occidental Petroleum annual dividend for 2023 was $0.72
• Occidental Petroleum's trailing twelve-month (TTM) dividend yield is 1.85%
• Occidental Petroleum's payout ratio for the trailing twelve months (TTM) is 31.93%
• Occidental Petroleum's dividend growth over the last five years (2018-2023) was -25.32% year
• Occidental Petroleum's dividend growth over the last ten years (2013-2023) was -11.91% year
Occidental Petroleum Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-10 | $0.22 | quarterly | 2025-01-15 |
2024-09-10 | $0.22 | quarterly | 2024-10-15 |
2024-06-10 | $0.22 | quarterly | 2024-07-15 |
2024-03-07 | $0.22 | quarterly | 2024-04-15 |
2023-12-07 | $0.18 | quarterly | 2024-01-16 |
2023-09-07 | $0.18 | quarterly | 2023-10-13 |
2023-06-08 | $0.18 | quarterly | 2023-07-14 |
2023-03-09 | $0.18 | quarterly | 2023-04-17 |
2022-12-09 | $0.13 | quarterly | 2023-01-17 |
2022-09-09 | $0.13 | quarterly | 2022-10-17 |
2022-06-09 | $0.13 | quarterly | 2022-07-15 |
2022-03-09 | $0.13 | quarterly | 2022-04-15 |
2021-12-09 | $0.01 | quarterly | 2022-01-14 |
2021-09-09 | $0.01 | quarterly | 2021-10-15 |
2021-06-09 | $0.01 | quarterly | 2021-07-15 |
2021-03-09 | $0.01 | quarterly | 2021-04-15 |
2020-12-09 | $0.01 | quarterly | 2021-01-15 |
2020-09-14 | $0.01 | quarterly | 2020-10-15 |
2020-06-12 | $0.01 | quarterly | 2020-07-15 |
2020-03-09 | $0.79 | quarterly | 2020-04-15 |
2019-12-09 | $0.79 | quarterly | 2020-01-15 |
2019-09-09 | $0.79 | quarterly | 2019-10-15 |
2019-06-07 | $0.78 | quarterly | 2019-07-15 |
2019-03-08 | $0.78 | quarterly | 2019-04-15 |
2018-12-07 | $0.78 | quarterly | 2019-01-15 |
2018-09-07 | $0.78 | quarterly | 2018-10-15 |
2018-06-08 | $0.77 | quarterly | 2018-07-16 |
2018-03-08 | $0.77 | quarterly | 2018-04-16 |
2017-12-08 | $0.77 | quarterly | 2018-01-16 |
2017-09-08 | $0.77 | quarterly | 2017-10-16 |
2017-06-07 | $0.76 | quarterly | 2017-07-14 |
2017-03-08 | $0.76 | quarterly | 2017-04-14 |
2016-12-07 | $0.76 | quarterly | 2017-01-13 |
2016-09-07 | $0.76 | quarterly | 2016-10-14 |
2016-06-08 | $0.75 | quarterly | 2016-07-15 |
2016-03-08 | $0.75 | quarterly | 2016-04-15 |
2016-02-25 | $0.03 | quarterly | 2016-03-24 |
2015-12-08 | $0.75 | quarterly | 2016-01-15 |
2015-09-08 | $0.75 | quarterly | 2015-10-15 |
2015-06-08 | $0.75 | quarterly | 2015-07-15 |
2015-03-06 | $0.72 | quarterly | 2015-04-15 |
2014-12-08 | $0.72 | quarterly | 2015-01-15 |
2014-09-08 | $0.72 | quarterly | 2014-10-15 |
2014-06-06 | $0.72 | quarterly | 2014-07-15 |
2014-03-06 | $0.72 | quarterly | 2014-04-15 |
2013-12-06 | $0.64 | quarterly | 2014-01-15 |
2013-09-06 | $0.64 | quarterly | 2013-10-15 |
2013-06-06 | $0.64 | quarterly | 2013-07-15 |
2013-03-06 | $0.64 | quarterly | 2013-04-15 |
Occidental Petroleum Dividend per year
Occidental Petroleum Dividend growth
Occidental Petroleum Dividend Yield
Occidental Petroleum current trailing twelve-month (TTM) dividend yield is 1.85%. Interested in purchasing Occidental Petroleum stock? Use our calculator to estimate your expected dividend yield:
Occidental Petroleum Financial Ratios
Occidental Petroleum Dividend FAQ
Other factors to consider when evaluating Occidental Petroleum as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Occidental Petroleum's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Occidental Petroleum publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Occidental Petroleum distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Occidental Petroleum are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Occidental Petroleum sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Occidental Petroleum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Occidental Petroleum declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Occidental Petroleum's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Occidental Petroleum's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.