Occidental Petroleum Declares Dividend

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LOS ANGELES, July 14, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation said today that its board of directors has declared a regular quarterly dividend of $.31 per share on common stock payable October 15, 2005, to stockholders of record on September 9, 2005.

CONTACT:   Occidental Petroleum Corporation 
           Lawrence P. Meriage (media)
           310-443-6562
          
           Kenneth J. Huffman (investors)
           212-603-8183
           On the Web: www.oxy.com

This news release was distributed by PrimeNewswire Network

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Occidental Petroleum Declares Dividend

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