Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Occidental Petroleum Corporation    OXY

OCCIDENTAL PETROLEUM CORPORATION (OXY)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Occidental Petroleum Increases Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2018 | 07:16pm CEST

HOUSTON, July 12, 2018 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared an increase of the company’s regular quarterly dividend to $0.78 per share. On an annual basis, the dividend is $3.12 per share at the new rate, compared to the previous annual rate of $3.08 per share. 

The $0.78 per share quarterly dividend will be payable on October 15, 2018, to stockholders of record as of the close of business on September 10, 2018.

President and Chief Executive Officer Vicki Hollub said, “The dividend increase reflects our commitment to growing Occidental’s dividend annually for our shareholders, and our confidence in the company’s financial strength and future performance.”

Occidental has now increased its dividend every year for 16 consecutive years. The total increase in the annual dividend rate from 2002 exceeds 500 percent. Occidental has paid quarterly dividends continuously since 1975.

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.

Forward-Looking Statements

Portions of this press release contain forward-looking statements and involve risks and uncertainties that could materially affect expected results of operations, liquidity, cash flows and business prospects. Actual results may differ from anticipated results, sometimes materially, and reported results should not be considered an indication of future performance. Factors that could cause results to differ include, but are not limited to: global commodity pricing fluctuations; supply and demand considerations for Occidental’s products; higher-than-expected costs; the regulatory approval environment; not successfully completing, or any material delay of, field developments, expansion projects, capital expenditures, efficiency projects, acquisitions or dispositions; uncertainties about the estimated quantities of oil and natural gas reserves; lower-than-expected production from development projects or acquisitions; exploration risks; general economic slowdowns domestically or internationally; political conditions and events; liability under environmental regulations including remedial actions; litigation; disruption or interruption of production or manufacturing or facility damage due to accidents, chemical releases, labor unrest, weather, natural disasters, cyber-attacks or insurgent activity; failure of risk management; changes in law or regulations; reorganization or restructuring of Occidental’s operations; or changes in tax rates. Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of 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 release. 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 I, Item 1A “Risk Factors” of Occidental’s Annual Report on Form 10-K for the year ended December 31, 2017 (the 2017 Form 10-K). 

Contacts:
Media:
Melissa E. Schoeb
713-366-5615
[email protected]

or

Investors:
Jeff Alvarez
713-215-7864
[email protected]

On the web: www.oxy.com 

Primary Logo


© GlobeNewswire 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on OCCIDENTAL PETROLEUM CORPO
07/19OCCIDENTAL PETROLEUM : After crisis, Colombia's Ecopetrol spends big to boost ou..
RE
07/18Occidental Petroleum to Announce Second Quarter Results Wednesday, August 8, ..
GL
07/12Occidental Petroleum Increases Dividend
GL
07/11OCCIDENTAL PETROLEUM : Oxy Qatar backs QYH’s youth tourism activities
AQ
07/09Permex Petroleum Corporation Completes Acquisition of the ODC San Andres and ..
AQ
07/04OCCIDENTAL PETROLEUM : Permex Petroleum Completes Acquisition of the ODC San And..
AQ
06/27LOCKHEED MARTIN CORPORATION (NYSE : LMT) Files An 8-K Departure of Directors or ..
AQ
06/19OCCIDENTAL PETROLEUM : and White Energy to Study Feasibility of Capturing CO2 fo..
BU
06/12OCCIDENTAL PETROLEUM CORPORATION : Free Post Earnings Research Report: Occidenta..
AC
06/08OCCIDENTAL PETROLEUM CORPORATION : Dividends
CO
More news
News from SeekingAlpha
07/1712 DIVIDEND INCREASES : July 2-13, 2018 
07/17Colombia's Cano Limon pipeline restarts after 180-day outage 
07/13Occidental's Permian Cash Flow Cow 
07/12Conoco, Oxy Petroleum top Stanley's bullish initiation of large-cap E&P secto.. 
07/12Occidental Petroleum declares $0.78 dividend 
Financials ($)
Sales 2018 17 216 M
EBIT 2018 5 924 M
Net income 2018 3 582 M
Debt 2018 7 330 M
Yield 2018 3,73%
P/E ratio 2018 17,08
P/E ratio 2019 16,44
EV / Sales 2018 4,12x
EV / Sales 2019 3,72x
Capitalization 63 620 M
Chart OCCIDENTAL PETROLEUM CORPORATION
Duration : Period :
Occidental Petroleum Corporation Technical Analysis Chart | 4-Traders
Full-screen chart
Technical analysis trends OCCIDENTAL PETROLEUM CORPO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 94,0 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Vicki A. Hollub President, Chief Executive Officer & Director
Eugene L. Batchelder Independent Chairman
Cedric W. Burgher Chief Financial Officer & Senior Vice President
John E. Feick Independent Director
E. Spencer Abraham Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
OCCIDENTAL PETROLEUM CORPORATION12.79%63 544
CONOCOPHILLIPS27.55%81 542
EOG RESOURCES13.38%70 847
CNOOC LTD9.98%70 005
CANADIAN NATURAL RESOURCES LIMITED3.78%42 996
WILLIAMS PARTNERS LP11.71%42 256