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HOUSTON - Occidental (NYSE:OXY) announced Wednesday that its Board of Directors has declared a regular quarterly dividend of $0.24 per share on common stock.
The dividend will be payable on October 15, 2025, to stockholders of record as of the close of business on September 10, 2025, according to a company press release.
Occidental operates as an international energy company with assets primarily in the United States, the Middle East, and North Africa. The company is a major oil and gas producer in the U.S., with significant operations in the Permian and DJ basins, as well as in the offshore Gulf of America.
The company’s portfolio includes a midstream and marketing segment that focuses on maximizing the value of its oil and gas assets. Occidental also operates OxyChem, its chemical subsidiary that manufactures building blocks for various products.
The quarterly dividend announcement maintains Occidental’s regular payment to shareholders as the company continues its operations across its diverse energy portfolio.
In other recent news, Occidental Petroleum Corporation has filed a prospectus supplement concerning the issuance of common stock linked to the exercise of its outstanding publicly traded warrants. These warrants, originally issued in August 2020, allow holders to purchase shares of Occidental’s common stock. UBS has reiterated its Neutral rating on Occidental Petroleum, maintaining a price target of $38 ahead of the company’s second-quarter 2025 earnings report. The firm adjusted its estimates in light of Occidental’s lowered Gulf of Mexico production outlook and increased tax rate guidance.
JPMorgan has raised its price target for Occidental Petroleum to $48, while also maintaining a Neutral rating. The firm predicts an "underwhelming" second-quarter performance, with earnings per share expected to be $0.24, below the consensus estimate of $0.34. Wells Fargo has reduced its price target to $46, citing a higher share count and lower Gulf of Mexico production, though noting reduced cash operating expenses per barrel of oil equivalent. Meanwhile, Mizuho has increased its price target to $65, citing strong shale assets but anticipates Occidental will miss consensus EBITDA estimates by 8%, with capital spending affecting free cash flow projections.
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