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Occidental Petroleum (OXY) Climbs 9% on Dividend Hike
Occidental Petroleum (OXY) saw its stock climb 9.38% after announcing an 8% increase in its quarterly dividends to $0.26 per share. This dividend hike follows a strong fourth-quarter performance where the company narrowed its net loss by 77%. Despite the positive dividend news and Q4 earnings, the company experienced a decrease in total oil and gas sales for both the fourth quarter and the full year compared to 2024.