Occidental Petroleum Changes Fourth Quarter Dividend Payment Date

  Occidental Petroleum Changes Fourth Quarter Dividend Payment Date

Business Wire

LOS ANGELES -- December 05, 2012

Occidental Petroleum Corporation (NYSE:OXY) said today that its board of
directors has approved a change to the payment date for the company’s regular
quarterly dividend in the amount of $.54 per share on common stock payable to
stockholders of record as of December 10, 2012. The dividend will now be
payable on December 27, 2012, rather than the previously announced payment
date of January 15, 2013. No other changes have been made to this previously
declared quarterly dividend.

Oxy has paid quarterly dividends continuously since 1975 and has increased its
dividend each year since 2002. The current annual rate is $2.16 per share.

                                  About Oxy

Occidental Petroleum Corporation (OXY) is an international oil and gas
exploration and production company with operations in the United States,
Middle East/North Africa and Latin America regions. Oxy is one of the largest
U.S. oil and gas companies, based on equity market capitalization. Oxy's
wholly owned subsidiary OxyChem manufactures and markets chlor-alkali products
and vinyls. Oxy is committed to safeguarding the environment, protecting the
safety and health of employees and neighboring communities and upholding high
standards of social responsibility in all of the company's worldwide


Occidental Petroleum Corporation
Melissa E. Schoeb
Chris Stavros
On the web: www.oxy.com
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