Occidental Petroleum quarterly dividend set at $0.01 per share

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Occidental (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on January 15, 2021, to stockholders of record as of December 10, 2020.

Occidental is an international energy company with operations in the United States, Middle East, Africa and Latin America. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon dioxide management to advance a lower-carbon world. Visit oxy.com for more information.

For OXY, cash flow is the solution to all its problems. said, analyst
Rohit Acharya at seeking alpha:

Based on the average crude price in Q3 and the guidance given in Q2 earnings presentation, I have estimated that OXY will earn a positive cash flow in the range of $1.7B to $2 B in Q3 2020. The calculation model takes four cases into consideration.