What Is the Dividend Payout for Occidental Petroleum?

Company Overview - Occidental Petroleum (OXY) is a leading energy stock with a robust portfolio of upstream assets in the United States, Middle East, and Latin America, as well as a strong pipeline business [2] - The company is a core holding in the Berkshire Hathaway portfolio, providing approximately $56 million ($224 million annualized) in quarterly dividend income to Berkshire Hathaway from its common stock ownership [2] Dividend Analysis - Occidental Petroleum's dividend is secure due to strong free cash flow, driven by its U.S. onshore assets, midstream, and OxyChem businesses [4] - In Q1 2024, the company reported free cash flow of over $700 million, more than covering the $332 million paid out in dividends for common and preferred stocks [4] - The quarterly dividend payment on common stock was $0.22 per share in Q1 2024, with a forward dividend yield of approximately 1.5% [4] - In 2023, Occidental generated $5.5 billion in free cash flow, adequately covering the $1.3 billion paid out in total dividends [5] Future Outlook - Management anticipates strong free cash flow generation following the CrownRock acquisition, expected to close in Q3 2024 [5] - Prospective investors should monitor the company's financial results reporting on Aug 7 for further insights into its financial health [6]