Occidental Petroleum Dividend and Recent Developments Before Jun 10, 2025

Occidental Petroleum (OXY) has announced a quarterly dividend of $0.240 per share, with an ex-dividend date set for Jun 10, 2025, and a payment date of Jul 15, 2025. This dividend is consistent with the last dividend paid on Apr 15, 2025, also at $0.240 per share. This consistency represents a decrease in comparison to the average of the last 10 dividends, which stood at $0.402 per share. The dividends are categorized as cash dividends.

Recently, Occidental Petroleum has been in the spotlight for several reasons. As of late, the company has reported a significant increase in option trading activity, with 31,800 call options traded, surpassing expectations by 30%. This surge highlights a bullish sentiment among investors, as indicated by a Put/Call Ratio of 0.36. Analysts anticipate the company to report earnings on Aug 6, 2025, with a positive outlook in terms of implied volatility, which has risen by over a point to reach a level of 33.92%. Furthermore, Occidental's midstream and marketing operations have outperformed expectations, driven by robust gas marketing optimization in the Permian region.

Over the past week, Occidental has demonstrated strong financial performance, generating $3 billion in operating cash flow before working capital adjustments in the first quarter. Additionally, the company successfully reduced Permian well costs by over 10% compared to the previous year, achieving a 15% improvement in drilling duration per well. These operational efficiencies underscore Occidental's commitment to enhancing its asset base and maintaining a competitive edge in the industry. Despite facing challenges in the macro environment, including volatility and uncertainty impacting commodity price stability, Occidental remains focused on optimizing its operations and capital guidance to navigate the evolving market landscape effectively.

In conclusion, Occidental Petroleum continues to make strides in its operational and financial performance, amidst a backdrop of market volatility. Investors should note that Jun 10, 2025, marks the ex-dividend date, the last day to purchase the company's stock to qualify for the upcoming dividend. Any stock acquisitions after this date will not be eligible for the current dividend payout.