CEO Ray Irani

LOS ANGELES--(BUSINESS WIRE)--Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors has increased the company’s dividend 17 percent to an annual rate of $2.16 per share, compared to the previous annual rate of $1.84 per share. This increase brings the company’s compound annual dividend growth rate over the last 10 years to 15.8 percent. President and Chief Executive Officer Stephen I. Chazen said, “We have now...  

Occidental Petroleum corp. (OXY) is a major integrated oil company. It operates (with its subsidiaries) as an oil and gas exploration and production company primarily in the US (68%). The company operates in three segments: Oil and Gas; Chemical ...  

Principal businesses consist of two industry segments. The oil and gas segment explores for, develops, produces and markets crude oil and natural gas. The chemical segment manufactures and markets basic chemicals, vinyls and performance chemicals.  

Here's what you need to know for the upcoming earnings release ...  

High oil prices and record crude production fueled a 35% profit increase for Occidental and a 70% jump for ConocoPhillips. Other oil firms are expected to report healthy earnings too.Occidental Petroleum Corp. kicked off what was expected to be a parade of healthy earnings reports for the oil industry, announcing a fourth-quarter profit gain of 35% on the strength of high oil prices and record U.S. crude production.