Occidental Petroleum Announces Dividend

HOUSTON–(BUSINESS WIRE)–Occidental
Petroleum Corporation (NYSE:OXY) said today that its Board of
Directors has declared a regular quarterly dividend of $0.77 per share
on common stock payable on January 16, 2018, to stockholders of record
as of December 11, 2017.

Occidental has paid quarterly dividends continuously since 1975 and has
increased its dividend each year since 2002. The current annual rate is
$3.08 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
and Latin America. Headquartered in Houston, Occidental is one of the
largest U.S. oil and gas companies, based on equity market
capitalization. Occidental’s midstream and marketing segment gathers,
processes, transports, stores, purchases and markets hydrocarbons and
other commodities. The company’s wholly owned subsidiary OxyChem
manufactures and markets basic chemicals and vinyls. Occidental posts or
provides links to important information on its website at www.oxy.com.

Contacts

Occidental Petroleum Corporation
Media:
Melissa E. Schoeb
713-366-5615
[email protected]
or
Investors:
Richard
A. Jackson
713-215-7235
[email protected]
On
the web: www.oxy.com