Occidental Announces Dividend
Occidental (NYSE: OXY) announced a quarterly dividend of $0.13 per share on common stock, payable on July 15, 2022, to stockholders of record by June 10, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Occidental (NYSE: OXY) announced a quarterly dividend of $0.13 per share on common stock, payable on July 15, 2022, to stockholders of record by June 10, 2022. This decision reflects the company's commitment to returning value to shareholders while maintaining a stable financial position. Occidental is a leading oil producer in the U.S., with significant operations in the Permian and DJ basins, and is focused on reducing emissions through its Oxy Low Carbon Ventures subsidiary.
Positive
- Quarterly dividend of $0.13 per share indicates shareholder returns.
- Company's strong market position in the U.S. oil production sector.
Negative
- None.
Details
News Market Reaction – OXY
The recorded move for OXY in the trading session of this news was +4.25%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, May 06, 2022 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors has declared a regular quarterly dividend of
About Occidental
Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. Visit oxy.com for more information.
Contacts
| Media | Investors | |
| Eric Moses 713-497-2017 eric_moses@oxy.com | Jeff Alvarez 713-215-7864 jeff_alvarez@oxy.com |
FAQ
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