LOS ANGELES, July 16, 2009 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $.33 per share on common stock payable October 15, 2009, to stockholders of record on September 10, 2009.
This quarterly dividend is at the same level as the dividend paid in July. Oxy's Board voted to raise the quarterly dividend in April of this year to the annual rate of $1.32 per share compared to the previous annual rate of $1.28 per share. It was Oxy's eighth dividend increase since 2002. The company has paid quarterly dividends continuously since 1975.
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. Oxy 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.
CONTACT: Occidental Petroleum Corporation Media: Richard S. Kline 310-443-6249 firstname.lastname@example.org Investors: Chris Stavros 212-603-8184 email@example.com www.oxy.com