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Press release from Business Wire

Occidental Petroleum Changes Fourth Quarter Dividend Payment Date

Wednesday, December 05, 2012

Occidental Petroleum Changes Fourth Quarter Dividend Payment Date18:04 EST Wednesday, December 05, 2012 LOS ANGELES (Business Wire) -- 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 operations. Occidental Petroleum CorporationMediaMelissa E. Schoeb310-443-6504melissa_schoeb@oxy.comorInvestorsChris Stavros212-603-8184chris_stavros@oxy.comOn the web: www.oxy.com