Occidental Petroleum's most recent quarterly dividend was on Mar 9, 2023 (ex-date) with a cash dividend payment of $0.18 per share. On an annualized basis, the company has a current payout of $0.57 per share. This brings the dividend yield to 0.98% based on its recent close price. The latest dividend has increased by $0.05, or 38% from the previous payment.
Occidental Petroleum's dividend yield of 0.98% is below the Energy sector, the industry and its peers average. In comparison with its Energy sector average of 4.46%, Occidental Petroleum's dividend yield is 78% lower. Historically OXY's dividend yield has averaged at 5.0% in the last 5 years, which is higher than the current yield.
Occidental Petroleum has been paying dividends since 1994. OXY has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 256% for the last year. And since the stock price has gone down by 17% from a year ago, the dividend yield has increased by 331%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 9, 2023 | Apr 17, 2023 | Feb 27, 2023 | $0.18 | normal |
| Dec 9, 2022 | Jan 17, 2023 | Nov 2, 2022 | $0.13 | normal |
| Sep 9, 2022 | Oct 17, 2022 | Jul 27, 2022 | $0.13 | normal |
| Jun 9, 2022 | Jul 15, 2022 | May 6, 2022 | $0.13 | normal |
| Mar 9, 2022 | Apr 15, 2022 | Feb 24, 2022 | $0.13 | normal |
| Dec 9, 2021 | Jan 14, 2022 | Nov 3, 2021 | $0.01 | normal |
| Sep 9, 2021 | Oct 15, 2021 | Jul 28, 2021 | $0.01 | normal |
| Jun 9, 2021 | Jul 15, 2021 | May 6, 2021 | $0.01 | normal |
| Mar 9, 2021 | Apr 15, 2021 | Feb 11, 2021 | $0.01 | normal |
| Dec 9, 2020 | Jan 15, 2021 | Nov 5, 2020 | $0.01 | normal |
| Sep 14, 2020 | Oct 15, 2020 | Sep 3, 2020 | $0.01 | normal |
| Jun 12, 2020 | Jul 15, 2020 | May 29, 2020 | $0.01 | normal |
| Mar 9, 2020 | Apr 15, 2020 | Feb 11, 2020 | $0.79 | normal |
| Dec 9, 2019 | Jan 15, 2020 | Nov 6, 2019 | $0.79 | normal |
| Sep 9, 2019 | Oct 15, 2019 | Jul 11, 2019 | $0.79 | normal |
| Jun 7, 2019 | Jul 15, 2019 | May 9, 2019 | $0.78 | normal |
| Mar 8, 2019 | Apr 15, 2019 | Feb 27, 2019 | $0.78 | normal |
| Dec 7, 2018 | Jan 15, 2019 | Oct 18, 2018 | $0.78 | normal |
| Sep 7, 2018 | Oct 15, 2018 | Jul 12, 2018 | $0.78 | normal |
| Jun 8, 2018 | Jul 16, 2018 | May 3, 2018 | $0.77 | normal |
| Mar 8, 2018 | Apr 16, 2018 | Feb 8, 2018 | $0.77 | normal |
| Dec 8, 2017 | Jan 16, 2018 | Oct 5, 2017 | $0.77 | normal |
| Sep 8, 2017 | Oct 16, 2017 | Jul 13, 2017 | $0.77 | normal |
| Jun 7, 2017 | Jul 14, 2017 | May 11, 2017 | $0.76 | normal |
| Mar 8, 2017 | Apr 14, 2017 | Feb 16, 2017 | $0.76 | normal |
| Dec 7, 2016 | Jan 13, 2017 | Oct 6, 2016 | $0.76 | normal |
| Sep 7, 2016 | Oct 14, 2016 | Jul 14, 2016 | $0.76 | normal |
| Jun 8, 2016 | Jul 15, 2016 | $0.75 | normal | |
| Mar 8, 2016 | Apr 15, 2016 | Feb 18, 2016 | $0.75 | normal |
| Dec 8, 2015 | Jan 15, 2016 | $0.75 | normal | |
| Sep 8, 2015 | Oct 15, 2015 | Jul 9, 2015 | $0.75 | normal |
Occidental Petroleum's payout ratio of 6% is below the Energy sector, the industry and its peers average. In comparison with its Energy sector average of 36.5%, Occidental Petroleum's payout ratio is 84% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| DVN Devon Energy Corp | 6.2% | $3 | 32.6% |
| WMB Williams Companies Inc | 5.7% | $1.72 | 80.9% |
| CVX Chevron Corp | 3.76% | $5.86 | 31.5% |
| XOM Exxon Mobil Corp | 3.42% | $3.61 | 24.4% |
| EOG Eog Resources Inc | 2.82% | $3.15 | 19.6% |
| COP Conocophillips | 2.27% | $2.32 | 18.4% |
| HES Hess Corp | 1.18% | $1.56 | 23.8% |
| OXY Occidental Petroleum Corp | 0.96% | $0.57 | 6% |
Yes, Occidental Petroleum has been paying dividends for the last 29 years.
OXY has announced its next dividend with ex-date Jun 8, 2023.
Occidental Petroleum's last regular dividend was on Mar 9, 2023 (ex-date) with the amount of $0.18 per share.
OXY has paid dividend of $0.57 per share in the last year.
The current dividend yield of Occidental Petroleum is 0.98%.
Occidental Petroleum pays dividends quarterly.
Occidental Petroleum's dividend payout ratio is 6%.
Occidental Petroleum's dividend yield is lower than the Energy sector average.