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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Occidental Petroleum Corporation (OXY) pays a $1.00 annual dividend ($0.28 quarterly), yielding 1.82% at $60.67/share. Next ex-dividend date 2026-09-10. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.82%
Annual Dividend: $1.00 per share
Payout Ratio: 28.4%
Ex-Dividend Date: 2026-09-10
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 45
Occidental Petroleum Corporation dividend investors are looking at a company that explores, develops, and produces oil, natural gas liquids, and natural gas across the United States and internationally. OXY currently pays a 1.75% yield, with a trailing annual dividend rate of $1.04 per share paid quarterly. The next ex-dividend date is September 10, 2026. With a beta of 0.164, OXY stock moves far less than the broader market, which appeals to income investors who want energy exposure without sharp price swings.
Occidental Petroleum Corporation pays out 22.8% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room between earnings and the dividend, meaning the current payment level is not stretched. Occidental Petroleum Corporation dividend safety is further supported by the breadth of its operations: the company spans oil and gas exploration, midstream gathering, processing, and marketing, which diversifies its revenue sources within the energy sector. The most significant pressure point is commodity price exposure, since OXY's earnings are directly tied to oil and gas prices, and a sharp downturn in energy markets could compress the earnings base that supports the payout.
Occidental Petroleum Corporation dividend history shows a CAGR of -1.9% per year from 2009 to 2025. Per-share, the annual dividend moved from $1.31 to $0.96 over that window (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 38.5% in 2023, reflecting a sharp recovery after the deep cuts of 2020 and 2021. OXY has now posted four consecutive years of dividend increases, but the long-run CAGR remains negative, so growth is slow relative to where the dividend once stood.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +22.7% | $0.52 (2022) | $0.96 (2025) |
| 5-Year | +3.2% | $0.82 (2020) | $0.96 (2025) |
| 10-Year | -10.7% | $2.96 (2015) | $0.96 (2025) |
OXY fits dividend investors who want energy sector income with a conservative payout structure and low price volatility. The yield is low (below 2%), and at 1.75% it sits above the five-year average of 1.05%, which means the current entry point offers more income than the stock has historically delivered. The trade-off is clear: the 22.8% payout ratio keeps the dividend well-covered, but the long-run CAGR of -1.9% means the dividend has not grown in real terms over the full history window. Four consecutive years of increases show recent momentum, but the per-share rate is still well below its pre-2020 levels. Occidental Petroleum Corporation stock suits investors who prioritize payout safety over income growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-10 | $0.2800 |
| 2026-06-10 | $0.2600 |
| 2026-03-10 | $0.2600 |
| 2025-12-10 | $0.2400 |
| 2025-09-10 | $0.2400 |
| 2025-06-10 | $0.2400 |
| 2025-03-10 | $0.2400 |
| 2024-12-10 | $0.2200 |
| 2024-09-10 | $0.2200 |
| 2024-06-10 | $0.2200 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8000 |
| 2025 | $0.9600 |
| 2024 | $0.8800 |
| 2023 | $0.7200 |
| 2022 | $0.5200 |
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