Occidental Petroleum (OXY) raises quarterly dividend to USD 0.26/shr (prev. 0.24/shr)

Occidental Petroleum's decision to raise its quarterly dividend indicates confidence in its cash flow and financial health.

Newsquawk StaffPublished On the live feed at 2 more headlines followed before this page went public
Newsquawk headlinesUTC

Meta (META) draws peak demand of c. USD 96bln for US bond sale

A major fire broke out earlier this week on the USS Higgins, a guided-missile destroyer and a mainstay of the Navy's forward presence in Asia, according to CBS citing officials

Occidental Petroleum (OXY) raises quarterly dividend to USD 0.26/shr (prev. 0.24/shr)

Trian has sent letter to Solventum urging board to make changes including separating its dental and software businesses, CNBC reports

Google (GOOGL) launches Gemini AI in cars with Google built-in

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
Context

This increase from $0.24 to $0.26 per share signals a positive outlook for the company, which may attract more investors seeking income, thus potentially supporting its share price and benefiting the broader energy sector.

Related headlines

The whole workspace, free to try.

Try it free