Occidental Petroleum Corporation

OXY|Energy|Oil & Gas E&P|$53.03|P/E 71.9|MCap 52.7B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

Safe

OXY's dividend appears safe and well-supported. Strengths include a 38.8% fcf payout ratio & 15.6% cfo payout ratio. Areas of concern: 132.4% earnings payout ratio & 4.0% return on equity.

Based on 15 of 15 metrics

Strengths

FCF Payout Ratio: 38.8%Free cash flow comfortably covers the dividend.
CFO Payout Ratio: 15.6%Operating cash flow strongly supports the payout.
Debt-to-Equity: 42.0Conservative debt level relative to equity.

Risks

Earnings Payout Ratio: 132.4%High earnings payout ratio leaves little safety margin.
Return on Equity: 4.0%Return on equity is below industry norms.
Profit Margin Stability: VolatileProfit margins have been volatile.

Payout & Coverage

Safe

Earnings Payout Ratio

132.4%Danger

FCF Payout Ratio

38.8%Very Safe

CFO Payout Ratio

15.6%Very Safe

Interest Coverage

3.8xCaution

Balance Sheet

Safe

Net Debt / Total Assets

25.4%Safe

Current Ratio

1.2xCaution

Debt-to-Equity

42.0Very Safe

Profitability

Caution

Return on Equity

4.0%Warning

Operating Margin

17.7%Safe

Gross Margin

36.3%Safe

Profit Margin Stability

VolatileWarning

Dividend Track Record

Safe

11+ yrsVery Safe

NoneVery Safe

3.2%Caution

Mostly StableCaution

About Occidental Petroleum Corporation

Occidental Petroleum Corporation is an independent exploration and production company focused on oil and natural gas. It operates through key segments including Oil and Gas, Chemical (OxyChem), and Midstream and Marketing, with activities spanning the United States, Latin America, and the Middle East. The company maintains substantial proved reserves and emphasizes production from high-quality assets, particularly in the Permian Basin and Rockies regions, alongside quick-cycle shale developments. Occidental Petroleum Corporation also engages in midstream operations for transportation optimization and chemical manufacturing. Its operations support energy supply chains by producing oil, natural gas liquids, and natural gas, contributing to domestic and international markets. Headquartered in Houston, Texas, and founded in 1920, the company plays a vital role in the global energy sector through its integrated approach to upstream, midstream, and chemical businesses.

Dividend Overview

Dividend Yield

1.85%

Annual Dividend

$0.98

Frequency

Quarterly

Payout Ratio

132.43%

FCF Payout Ratio

38.83%

Stock Price

$53.03

52-Week Range

$38.80 – $67.45

Dividend History (2016–2025)

OXY annual dividend per share and yield history

Earnings & Profitability

OXY earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

June 10, 2026

Next Payment Date

July 15, 2026

Dividend Growth

3-Year Dividend CAGR

22.67%

5-Year Dividend CAGR

3.20%

10-Year Dividend CAGR

-10.66%

3-Year Total Growth

84.62%

5-Year Total Growth

17.07%

10-Year Total Growth

-67.62%

Income Calculator

OXY Dividend Calculator

Number of Shares

Total Investment

$5,303.00

Annual Income

$98.00

Quarterly Income

$24.50

Monthly Income

$8.17

Similar Dividend Stocks

Stock	Yield	5Y CAGR	Price	Sector
OXY	1.85%	3.20%	$53.03	Energy
BKRBaker Hughes Company	1.44%	-6.10%	$63.89	Energy
EQTEQT Corporation	1.17%	84.34%	$55.96	Energy
FANGDiamondback Energy Inc.	2.20%	21.67%	$188.70	Energy
OKEOneok Inc.	4.93%	1.95%	$85.16	Energy
TRGPTarga Resources Corp.	1.71%	25.39%	$248.12	Energy

Frequently Asked Questions

What is OXY's current dividend yield?

Occidental Petroleum Corporation (OXY) currently has a dividend yield of 1.85%, based on a stock price of $53.03 and an annual dividend of $0.98.

When is OXY's next dividend payment date?

OXY's next ex-dividend date is 2026-06-10 and the next payment date is 2026-07-15. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does OXY pay in dividends per year?

Occidental Petroleum Corporation paid $0.96 per share in annual dividends in 2025. The dividends are paid quarterly.

Has OXY been increasing its dividend?

Occidental Petroleum Corporation has grown its dividend at a 5-year CAGR of 3.20% and a 10-year CAGR of -10.66%.

Is OXY's dividend safe?

Occidental Petroleum Corporation has a payout ratio of 132.43%. Its free cash flow payout ratio is 38.83%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.

How is OXY's Dividend Safety Rating calculated?

The Dividend Safety Rating evaluates Occidental Petroleum Corporation's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for energy companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.