Occidental Petroleum Announces Dividend
Occidental
Petroleum Corporation (NYSE:OXY) said today that its board of
directors has declared a regular quarterly dividend of $.46 per share on
common stock payable on July 15, 2011, to stockholders of record as of
June 10, 2011.
Oxy has paid quarterly dividends continuously since 1975 with a current
annual dividend rate of $1.84 per share.
About Oxy
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.
Forward-Looking Statements
Portions of this release contain forward-looking statements and involve
risks and uncertainties that could materially affect expected results of
operations, liquidity, cash flows and business prospects. Factors that
could cause results to differ materially include, but are not limited
to: global commodity pricing fluctuations; supply and demand
considerations for Occidental's products; not successfully completing,
or any material delay of, any development of new fields, expansion
projects, capital expenditures, efficiency-improvement projects,
acquisitions or dispositions; potential failure to achieve expected
production from existing and future oil and gas development projects;
exploration risks such as drilling unsuccessful wells; any general
economic recession or slowdown domestically or internationally;
higher-than-expected costs; potential liability for remedial actions
under existing or future environmental regulations and litigation;
potential liability resulting from pending or future litigation; general
domestic and international political conditions; potential disruption or
interruption of Occidental's production or manufacturing or damage to
facilities due to accidents, chemical releases, labor unrest, weather,
natural disasters, political events or insurgent activity; failure of
risk management; changes in law or regulations; or changes in tax rates.
Words such as 'will,' 'confidence,' 'strategy' or similar expressions
that convey the uncertainty of future events or outcomes generally
indicate forward-looking statements. You should not place undue reliance
on these forward-looking statements, which speak only as of the date of
this report. Unless legally required, Occidental does not undertake any
obligation to update any forward-looking statements, as a result of new
information, future events or otherwise. Material risks that may affect
Occidental's results of operations and financial position appear in Part
1, Item 1A 'Risk Factors' of the 2009 Form 10-K.
Occidental Petroleum Corporation
Media: Richard S. Kline
310-443-6249
richard_kline@oxy.com
or
Investors:
Chris Stavros
212-603-8184
chris_stavros@oxy.com
On
the web: www.oxy.com
