Occidental Petroleum (OXY) will raise its quarterly dividend by 1.3 percent to $0.76 per share in 2016. Occidental has paid quarterly dividends continuously since 1975.
Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. The company’s wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls.