Occidental Petroleum Corporation
OXYEnergy · Stock · quarterly payer
Forward Yield
1.83%
Annual Dividend
$1.12
Payout Ratio
30%
5-Yr Growth
88.8%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of September 2026, Occidental Petroleum Corporation (OXY) yields 1.83% ($1.12 per share annually), with a blended fair-value estimate of $71.82 — +20% upside, so it screens as undervalued. Dividend safety grade: B (67/100). 4 years of dividend growth.
Is OXY a good dividend stock?
Yes, with caveatsOccidental Petroleum Corporation (OXY) pays a quarterly dividend yielding 1.83% ($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 (30%)
- Strong 88.8% 5-yr dividend growth
- 103% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 1.83%
- Payout Ratio
- 30%
- Annual Dividend
- $1.12
- 5-Yr Avg Growth
- 88.8%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.16
- Market Cap
- $61.1B
- P/E Ratio
- 18.1
- 5-Yr Total Return
- 103%
- 52-Week Range
- $38.80 – $67.45
- Dividend Safety
- B · 67/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
OXY Price — Last 12 Months
Daily close
Price Return
1 Year
+27%
3 Years
-7%
5 Years
+103%
52-Week Range
$38.80 – $67.45
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OXY worth?
Undervaluedlow confidenceOur blended fair-value estimate for Occidental Petroleum Corporation is $71.82 per share, versus a market price of $60.04. That implies 20% of upside — a margin of safety of about 16%.
Fair Value
$71.82
Current Price
$60.04
Upside
+20%
Margin of Safety
16%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 4.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 4.5% stage-1 growth, 2.5% terminal growth, $3.39 EPS, $1.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OXY Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $0.2800 | regular |
| Jun 10, 2026 | — | $0.2600 | regular |
| Mar 10, 2026 | — | $0.2600 | regular |
| Dec 10, 2025 | — | $0.2400 | regular |
| Sep 10, 2025 | — | $0.2400 | regular |
| Jun 10, 2025 | — | $0.2400 | regular |
| Mar 10, 2025 | — | $0.2400 | regular |
| Dec 10, 2024 | — | $0.2200 | regular |
| Sep 10, 2024 | — | $0.2200 | regular |
| Jun 10, 2024 | — | $0.2200 | regular |
| Mar 7, 2024 | — | $0.2200 | regular |
| Dec 7, 2023 | — | $0.1800 | regular |
| Sep 7, 2023 | — | $0.1800 | regular |
| Jun 8, 2023 | — | $0.1800 | regular |
Income Calculator
At $1.12 / yr per share
