--- title: "Occidental Petroleum Corporation (NYSE:OXY) Announces Quarterly Dividend of $0.28" type: "News" locale: "en" url: "https://longbridge.com/en/news/295132645.md" description: "Occidental Petroleum (NYSE:OXY) announced a quarterly dividend increase to $0.28 per share, up 7.7% from the previous $0.26. The ex-dividend date is September 10, with payments on October 15 for investors of record. This yields an annualized rate of 2.0%. The company recently reported strong Q2 earnings, beating estimates with $2.40 EPS and $8.06 billion revenue." datetime: "2026-08-06T18:10:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295132645.md) - [en](https://longbridge.com/en/news/295132645.md) - [zh-HK](https://longbridge.com/zh-HK/news/295132645.md) --- # Occidental Petroleum Corporation (NYSE:OXY) Announces Quarterly Dividend of $0.28 **Occidental Petroleum Corporation** (NYSE:OXY - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, September 10th will be given a dividend of 0.28 per share by the oil and gas producer on Thursday, October 15th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 10th. This is a 7.7% increase from Occidental Petroleum's previous quarterly dividend of $0.26. Get **Occidental Petroleum** alerts: - Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? Occidental Petroleum has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 years. Occidental Petroleum has a dividend payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Occidental Petroleum to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 28.0%. ## Occidental Petroleum Price Performance Shares of Occidental Petroleum stock traded up $2.03 on Thursday, reaching $55.84. 10,345,132 shares of the stock were exchanged, compared to its average volume of 13,290,416. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a market cap of $55.54 billion, a PE ratio of 14.17, a P/E/G ratio of 0.81 and a beta of 0.15. The firm's 50 day moving average is $54.25 and its 200-day moving average is $54.29. Occidental Petroleum has a one year low of $38.80 and a one year high of $67.45. - Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.57. The business had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.07 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.Occidental Petroleum's revenue was up 53.4% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, analysts anticipate that Occidental Petroleum will post 5.35 EPS for the current fiscal year. ## About Occidental Petroleum (Get Free Report) Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets. - How Berkshire Hathaway Performed During Buffett's Final Quarter Occidental's operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa. ## Featured Stories - Five stocks we like better than Occidental Petroleum - 4 Oil and Gas ETF Plays as Prices Stay Sky-High - What Tesla Stands to Lose If It Walks Away From China - Disney Sets Up for a Magical Year in 2027 - Astera Labs' Post-Earnings Pullback May Be Last Chance to Buy Below $360 _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Occidental Petroleum Right Now? Before you consider Occidental Petroleum, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Occidental Petroleum wasn't on the list. While Occidental Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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