CORRECTING and REPLACING Occidental Petroleum Announces Dividend

Second paragraph, second sentence of release should read: The current annual rate is $2.88 per share. (instead of The current annual rate is $2.56 per share.).

The corrected release reads:

OCCIDENTAL PETROLEUM ANNOUNCES DIVIDEND

(NYSE:OXY) said today that its board of directors has declared a regular quarterly dividend of $.72 per share on common stock payable on July 15, 2014, to stockholders of record as of June 10, 2014.

(OXY) 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 one of the largest U.S. oil and gas companies, 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.

Occidental Petroleum Corp.
Media:
Melissa E. Schoeb
310-443-6504
melissa_schoeb@oxy.com
or
Investors:
Chris Stavros
212-603-8184
chris_stavros@oxy.com
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