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Press release from Business Wire

Occidental Petroleum Announces Dividend

Thursday, July 12, 2012

Occidental Petroleum Announces Dividend13:54 EDT Thursday, July 12, 2012 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 October 15, 2012, to stockholders of record as of September 10, 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. Occidental Petroleum CorporationMediaMelissa E. Schoeb310-443-6504melissa_schoeb@oxy.comorInvestorsChris Stavros212-603-8184chris_stavros@oxy.comOn the web: www.oxy.com