Occidental Petroleum Declares Dividend

Occidental's Board of Directors has declared a regular quarterly dividend of $.33 per share on common stock payable October 15, 2009, to stockholders of record on September 10, 2009.

This quarterly dividend is at the same level as the dividend paid in July. Oxy's Board voted to raise the quarterly dividend in April of this year to the annual rate of $1.32 per share compared to the previous annual rate of $1.28 per share. It was Oxy's eighth dividend increase since 2002. The company has paid quarterly dividends continuously since 1975.