Occidental Petroleum Corporation (OXY) to Issue Quarterly Dividend of $0.28 on January 15th

Occidental Petroleum Corporation (NYSE:OXY) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.28 per share by the oil and gas producer on Friday, January 15th. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, December 10th.

Occidental Petroleum has a payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Occidental Petroleum to earn $5.14 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 21.8%.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $62.70 on Wednesday. Occidental Petroleum has a twelve month low of $38.80 and a twelve month high of $67.45. The company has a 50 day moving average of $60.01 and a 200 day moving average of $55.61.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.57. The firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was up 53.4% on a year-over-year basis. On average, sell-side analysts forecast that Occidental Petroleum will post 6.84 EPS for the current fiscal year.

Key Occidental Petroleum News

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Goldman Sachs raised its price target and upgraded OXY to “Buy.” The firm increased its target from $69 to $76, implying approximately 21% upside from the referenced share price. The upgrade reflects a more favorable outlook for the oil and gas producer. Goldman Sachs stock recommendations
• Positive Sentiment: Investors are looking ahead to Occidental’s third-quarter 2026 results. Analysts reportedly expect triple-digit year-over-year EPS growth, which could reinforce the company’s earnings recovery if results meet or exceed expectations. What to Expect From Occidental Petroleum’s Q3 2026 Earnings Report
• Positive Sentiment: Occidental maintained its quarterly dividend at $0.28 per share. The dividend is payable January 15, 2027, to shareholders of record December 10, representing an annualized payout of $1.12 and a yield of roughly 1.7%. The continued payout supports the stock’s income appeal. Occidental Announces Dividend
• Neutral Sentiment: Piper Sandler initiated coverage with a “Neutral” rating and a $69 price target. Although the target implies about 10% upside, the rating suggests the firm sees a balanced risk-reward profile rather than a clear near-term catalyst. Piper Sandler stock recommendations
• Negative Sentiment: OXY has been affected by broader weakness in energy stocks. Reports of a premarket decline across the energy group indicate that sector sentiment and oil-price movements remain near-term headwinds, potentially offsetting company-specific optimism. Occidental Petroleum stock energy group falls pre-market

Occidental Petroleum Company Profile

Occidental Petroleum Corporation is an energy company engaged in oil and natural gas exploration, development and production. Its operations are focused primarily on the United States, including the Permian and DJ basins, as well as selected international regions in the Middle East and North Africa.

The company’s OxyChem subsidiary manufactures and markets chlor-alkali chemicals, vinyls and other chemical products used in water treatment, construction, healthcare, packaging and industrial applications.