Occidental Petroleum Corporation

NYSE OXY

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Occidental Petroleum Corporation Cash Dividend Coverage Ratio 5 year CAGR for the quarter ending March 31, 2024: 7.51%

Occidental Petroleum Corporation Cash Dividend Coverage Ratio 5 year CAGR is 7.51% for the quarter ending March 31, 2024, a -75.10% change year over year. The cash dividend coverage ratio assesses a company's ability to cover its dividend payments with its operating cash flow. It is calculated by dividing operating cash flow by dividends paid. This ratio indicates the company's capacity to generate sufficient cash flow to support dividend distributions. A ratio greater than 1 indicates a healthy coverage of dividends, while a ratio less than 1 suggests potential challenges in meeting dividend obligations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Occidental Petroleum Corporation Cash Dividend Coverage Ratio for the quarter ending March 31, 2023 was 8.97, a -40.19% change year over year.
  • Occidental Petroleum Corporation Cash Dividend Coverage Ratio for the quarter ending March 31, 2022 was 15.00, a 247.69% change year over year.
  • Occidental Petroleum Corporation Cash Dividend Coverage Ratio for the quarter ending March 31, 2021 was 4.31, a 221.70% change year over year.
  • Occidental Petroleum Corporation Cash Dividend Coverage Ratio for the quarter ending March 31, 2020 was 1.34, a -16.42% change year over year.
NYSE: OXY

Occidental Petroleum Corporation

CEO Ms. Vicki A. Hollub
IPO Date Dec. 31, 1981
Location United States
Headquarters 5 Greenway Plaza, Houston, TX, United States, 77046-0521
Employees 12,570
Sector Energy
Industry Oil & gas e&p
Description

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; and vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

StockViz Staff

September 20, 2024

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