Occidental to increase dividend payments after cutting debt, CEO says

By Kitco News / November 05, 2021 / www.kitco.com / Article Link

HOUSTON (Reuters) - Occidental Petroleum Corp will increase its fixed dividend payments to shareholders after cutting its debt levels to $25 billion, Chief Executive Officer Vicki Hollub said on Friday.

“We are going to get there sooner than we expected,” Hollub told analysts on a call to comment on the companies third quarter results.

Reporting by Sabrina Valle; Editing by Chris Reese

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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