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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Occidental Petroleum Corporation (OXY) pays a $1.00 annual dividend ($0.28 quarterly), yielding 1.69% at $59.10/share. Next ex-dividend date 2026-09-10. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.69%
Annual Dividend: $1.00 per share
Payout Ratio: 22.8%
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 has explored, developed, and produced oil, natural gas liquids, and natural gas since 1920, with operations spanning the United States and international markets. OXY currently pays a 1.69% dividend yield. The trailing annual dividend rate is $1.00 per share, paid quarterly, with the next ex-dividend date on September 10, 2026. A beta of 0.16 makes this a low-volatility energy stock, which suits income investors who want exposure to oil and gas exploration 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 obligation, meaning the current $1.00 annual rate is not stretched thin. Occidental Petroleum Corporation dividend safety is further supported by the company's integrated structure, which spans oil and gas production alongside midstream marketing, gathering, and storage operations. The most significant pressure point is commodity price exposure: OXY's earnings are tied directly to oil and gas prices, and a sustained downturn in energy markets would compress the earnings base that currently makes the payout look comfortable.
Occidental Petroleum Corporation dividend history shows a CAGR of -1.9% per year from 2009 to 2025. The per-share annual dividend moved from $1.31 in 2009 to $0.96 in 2025 (with 2026 a partial year, not used in this calculation). The largest annual increase in the window was 38.5% in 2023, which followed a period of deep cuts, and the history table contains at least one year-over-year decline exceeding 5%. For income investors, a negative long-term CAGR means the dividend has not kept pace with inflation over this window, and the current $1.00 annual rate reflects recovery, not a new high.
| 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% | $2.97 (2015) | $0.96 (2025) |
OXY fits dividend investors who prioritize a low-volatility energy holding over maximum income. The yield is low (below 2%), and at 1.69% it sits above the 5-year average of 1.06%, which means the current entry point offers more income than the historical norm for this stock. The payout ratio of 22.8% keeps the dividend well-covered, but the long-term CAGR of -1.9% is a real trade-off: this is not a stock where the dividend compounds meaningfully over time. What an investor gets is a conservatively structured payout from an integrated oil and gas operator with a beta of 0.16. What they accept is slow growth and a yield that remains modest in absolute terms.
| 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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