Company Website: http://www.oxy.com
LOS ANGELES -- (Business Wire)

Occidental Petroleum Corporation (NYSE:OXY) said today that its board of directors has declared a regular quarterly dividend of $.54 per share on common stock payable on July 15, 2012, to stockholders of record as of June 8, 2012.

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 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 the fourth largest U.S. oil and gas company, 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 operations.

On the web: www.oxy.com

Contacts:

Occidental Petroleum Corporation
Media
Melissa E. Schoeb
310-443-6504
melissa_schoeb@oxy.com
or
Investors
Chris Stavros
212-603-8184
chris_stavros@oxy.com

Source: Occidental Petroleum Corporation