Occidental declared a quarterly dividend of $0.24 per share, payable on July 15, 2025, to eligible stockholders.
Quiver AI Summary
Occidental Petroleum Corporation announced that its Board of Directors has approved a quarterly dividend of $0.24 per share on common stock, which will be paid on July 15, 2025, to stockholders who are on record as of June 10, 2025. Occidental is a major international energy company with significant operations in the U.S. and abroad, including being a key oil and gas producer in various regions like the Permian and DJ basins. The company also has a midstream segment and a subsidiary focused on advancing carbon management technologies. They are committed to reducing emissions while enhancing the value of their resources and contributing to a lower-carbon future.
Potential Positives
- Occidental declared a regular quarterly dividend of $0.24 per share, demonstrating financial stability and commitment to returning value to shareholders.
- The dividend payment date and record date provide clear communication to investors, enhancing transparency and trust.
- Occidental's position as one of the largest oil and gas producers in the U.S. strengthens its market presence and potential for growth.
- The company's focus on advancing carbon management and low-carbon technologies positions it favorably in the evolving energy landscape, appealing to environmentally conscious investors.
Potential Negatives
- The declaration of a relatively low quarterly dividend of $0.24 per share may indicate limited cash flow or profitability, potentially disappointing investors seeking higher returns.
- The announcement of a dividend could suggest that the company is prioritizing shareholder returns over reinvestment in growth or debt reduction, which may raise concerns during economic fluctuations.
- The focus on emissions reduction and carbon management, while commendable, may imply that the company is facing pressures or challenges related to environmental regulations that could impact its operations.
FAQ
What is Occidental's quarterly dividend for May 2025?
Occidental's Board of Directors declared a quarterly dividend of $0.24 per share on common stock.
When will the dividend be paid to shareholders?
The dividend is payable on July 15, 2025, to stockholders of record as of June 10, 2025.
What operations does Occidental focus on?
Occidental primarily operates in oil and gas production, particularly in the U.S., Middle East, and North Africa.
How does Oxy Low Carbon Ventures contribute to Occidental's goals?
Oxy Low Carbon Ventures advances technologies and solutions to grow the business while reducing emissions.
Where can I find more information about Occidental?
For more details, you can visit Occidental's official website at Oxy.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OXY Congressional Stock Trading
Members of Congress have traded $OXY stock 5 times in the past 6 months. Of those trades, 4 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $OXY stock by members of Congress over the last 6 months:
- REPRESENTATIVE ROBERT BRESNAHAN has traded it 2 times. They made 1 purchase worth up to $50,000 on 02/25 and 1 sale worth up to $50,000 on 04/08.
- REPRESENTATIVE JEFFERSON SHREVE purchased up to $50,000 on 02/24.
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 01/21, 11/20 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$OXY Insider Trading Activity
$OXY insiders have traded $OXY stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OXY stock by insiders over the last 6 months:
- HATHAWAY INC BERKSHIRE has made 6 purchases buying 9,659,907 shares for an estimated $444,877,222 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OXY Hedge Fund Activity
We have seen 534 institutional investors add shares of $OXY stock to their portfolio, and 623 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- EAGLE CAPITAL MANAGEMENT LLC removed 10,722,236 shares (-94.1%) from their portfolio in Q4 2024, for an estimated $529,785,680
- VANGUARD GROUP INC added 10,434,098 shares (+18.1%) to their portfolio in Q4 2024, for an estimated $515,548,782
- BERKSHIRE HATHAWAY INC added 8,896,890 shares (+3.5%) to their portfolio in Q4 2024, for an estimated $439,595,334
- DODGE & COX removed 8,008,546 shares (-10.3%) from their portfolio in Q4 2024, for an estimated $395,702,257
- FMR LLC removed 4,421,415 shares (-51.6%) from their portfolio in Q4 2024, for an estimated $218,462,115
- MORGAN STANLEY added 2,847,704 shares (+25.1%) to their portfolio in Q4 2024, for an estimated $140,705,054
- BANK OF AMERICA CORP /DE/ removed 2,361,651 shares (-32.0%) from their portfolio in Q4 2024, for an estimated $116,689,175
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$OXY Analyst Ratings
Wall Street analysts have issued reports on $OXY in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Overweight" rating on 03/26/2025
- Goldman Sachs issued a "Sell" rating on 02/21/2025
- Wolfe Research issued a "Outperform" rating on 01/03/2025
To track analyst ratings and price targets for $OXY, check out Quiver Quantitative's $OXY forecast page.
$OXY Price Targets
Multiple analysts have issued price targets for $OXY recently. We have seen 4 analysts offer price targets for $OXY in the last 6 months, with a median target of $52.5.
Here are some recent targets:
- An analyst from Piper Sandler set a target price of $48.0 on 04/22/2025
- Devin McDermott from Morgan Stanley set a target price of $58.0 on 03/26/2025
- Leo Mariani from Roth Capital set a target price of $54.0 on 01/23/2025
Full Release
HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on July 15, 2025, to stockholders of record as of the close of business on June 10, 2025.
About Occidental
Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of America. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas, and includes our Oxy Low Carbon Ventures subsidiary, which is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. We are dedicated to using our global leadership in carbon management to advance a lower-carbon world. Visit Oxy.com for more information.
Contacts
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Eric Moses
713-497-2017 [email protected] |
R. Jordan Tanner
713-552-8811 [email protected] |
