SmarterDividends
OXY

Occidental Petroleum Corporation

OXY

Energy · Oil & Gas E&P · Stock · quarterly payer

$63.01

Overvalued · -15% Add to Portfolio

Forward Yield

1.78%

Annual Dividend

$1.12

Payout Ratio

28%

5-Yr Growth

88.8%

Ex-Date

Dec 10, 2026

Frequency

Quarterly

Key facts about OXY's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, Occidental Petroleum Corporation (OXY) has a forward dividend yield of 1.78%, based on an annual dividend of $1.12 per share and a share price of $63.01.
  • As of Oct 30, 2026, OXY's dividend safety grade from SmarterDividends is B (69 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Occidental Petroleum Corporation (OXY) has raised its dividend for 4 consecutive years as of Oct 30, 2026.
  • OXY last cut its regular dividend in 2020.
  • OXY's next ex-dividend date is Dec 10, 2026, with payment on Jan 15, 2027. Shares must be owned before that date to receive the dividend.
  • As of Oct 30, 2026, OXY pays out 28% of its trailing 12-month earnings as dividends (its payout ratio).
  • OXY's dividend has grown at an average rate of 88.8% a year over the past five years.
  • As of Oct 30, 2026, OXY's 1.78% yield is 51% above its five-year average yield of 1.18%.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for OXY is $53.40 per share, 15% below the $63.01 share price, so OXY screens as overvalued.
  • Occidental Petroleum Corporation (OXY) pays its dividend quarterly, 4 times a year.
  • Occidental Petroleum Corporation (OXY) has raised its regular dividend 26 times and cut it 3 times across the 178 payments on record since 1982. Its most recent change was a 7.7% increase to $0.280 per share, going ex-dividend on Sep 10, 2026. The last cut went ex-dividend on Jun 12, 2020.
  • Occidental Petroleum (OXY) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 7.7%, was declared on Aug 5, 2026.
Cite this page

SmarterDividends, "OXY Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/OXY

Summary

As of Oct 30, 2026, Occidental Petroleum Corporation (OXY) yields 1.78% ($1.12 a year per share), has a dividend safety grade of B (69/100) and has 4 consecutive years of dividend increases on record.

Is OXY a good dividend stock?

Yes, with caveats

Occidental Petroleum Corporation (OXY) pays a quarterly dividend yielding 1.78% ($1.12/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (28%)
  • Strong 88.8% 5-yr dividend growth
  • 116% total price return over 5 years

Risks

  • Cut its dividend in 2020

Key Data

Dividend Yield
1.78%
Payout Ratio
28%
Annual Dividend
$1.12
5-Yr Avg Growth
88.8%
Ex-Dividend Date
Dec 10, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.24
Market Cap
$63.0B
P/E Ratio
17.9
5-Yr Total Return
116%
52-Week Range
$38.80 – $67.45
Dividend Safety
B · 69/100
Ever Cut?
Yes (2020)

OXY dividend raises and cuts

Occidental Petroleum Corporation (OXY) has raised its regular dividend 26 times and cut it 3 times across the 178 payments on record since 1982. Its most recent change was a 7.7% increase to $0.280 per share, going ex-dividend on Sep 10, 2026. The last cut went ex-dividend on Jun 12, 2020.

Ex-dateChangeOld → newMove
Sep 10, 2026Raise$0.260 → $0.280+7.7%
Mar 10, 2026Raise$0.240 → $0.260+8.3%
Mar 10, 2025Raise$0.220 → $0.240+9.1%
Mar 7, 2024Raise$0.180 → $0.220+22.2%
Mar 9, 2023Raise$0.130 → $0.180+38.5%
Mar 9, 2022Raise$0.0100 → $0.130+1200.0%
Jun 12, 2020Cut$0.790 → $0.0100−98.7%
Sep 9, 2019Raise$0.780 → $0.790+1.3%
Sep 7, 2018Raise$0.770 → $0.780+1.3%
Sep 8, 2017Raise$0.760 → $0.770+1.3%
Sep 7, 2016Raise$0.750 → $0.760+1.3%
Mar 8, 2016Raise$0.749 → $0.750+0.2%
Show all 29 changes since 1990
Ex-dateChangeOld → newMove
Jun 8, 2015Raise$0.719 → $0.749+4.2%
Dec 8, 2014Raise$0.690 → $0.719+4.2%
Mar 6, 2014Raise$0.613 → $0.690+12.5%
Mar 6, 2013Raise$0.517 → $0.613+18.5%
Mar 7, 2012Raise$0.441 → $0.517+17.4%
Mar 8, 2011Raise$0.364 → $0.441+21.1%
Jun 8, 2010Raise$0.316 → $0.364+15.2%
Jun 8, 2009Raise$0.307 → $0.316+3.1%
Jun 6, 2008Raise$0.240 → $0.307+28.0%
Sep 6, 2007Raise$0.211 → $0.240+13.6%
Sep 6, 2006Raise$0.172 → $0.211+22.2%
Dec 7, 2005Raise$0.149 → $0.172+16.1%
Mar 8, 2005Raise$0.132 → $0.149+12.7%
Mar 8, 2004Raise$0.125 → $0.132+5.8%
Mar 6, 2003Raise$0.120 → $0.125+4.0%
Mar 6, 1991Cut$0.150 → $0.120−20.1%
Dec 4, 1990Cut$0.299 → $0.150−49.9%
Every OXY payment →Download every raise and cut (CSV)
OXY ex-dividend date & scheduleNext ex-date Dec 10, 2026 · full ex-dividend historyView →OXY dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is OXY a good dividend stock?

Yes, with caveats. Occidental Petroleum Corporation (OXY) pays a quarterly dividend yielding 1.78% ($1.12/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is OXY undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OXY's fair value is about $53.40 versus a $63.01 share price — so it looks overvalued (-15% vs. fair value).

Is OXY's dividend safe?

OXY has a dividend-safety grade of B (69/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is OXY's fair value?

Our blended fair-value estimate for OXY is about $53.40 per share, about 15% below the current $63.01 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is OXY a buy, hold, or sell?

We don't issue formal ratings, but on the data OXY screens as "yes, with caveats" and overvalued. Occidental Petroleum Corporation (OXY) pays a quarterly dividend yielding 1.78% ($1.12/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will OXY cut its dividend?

OXY earns a dividend-safety grade of B (69/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does OXY pay a dividend?

Yes. Occidental Petroleum Corporation pays a quarterly dividend of about $1.12 per share annually, a forward yield of roughly 1.78%.

What is OXY's dividend yield?

As of Oct 30, 2026, OXY's forward dividend yield is 1.78%, based on a $1.12 annual dividend and a $63.01 share price.

What is OXY's dividend per share?

As of Oct 30, 2026, OXY pays $1.12 per share per year, distributed on a quarterly basis.

What is OXY's dividend payout ratio?

As of Oct 30, 2026, OXY's payout ratio is 28% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has OXY grown its dividend?

As of Oct 30, 2026, OXY has increased its dividend for 4 consecutive years.

When is the next OXY ex-dividend date?

As of Oct 30, 2026, the next ex-dividend date on record for OXY is Dec 10, 2026.

OXY Dividend News

OXY
IncreaseOXY·Sep 11, 2026

Occidental Petroleum (OXY) Raises Dividend 7.7% to $0.28

Occidental Petroleum (OXY) raised its quarterly dividend to $0.28 a share, as debt reduction and cost savings strengthened its cash-flow capacity.

Income Calculator

At $1.12 / yr per share

Per payment (quarterly)$28.00
Annual$112.00
Monthly avg$9.33

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