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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (8986)2/12/1998 9:45:00 PM
From: Arnie   of 15196
 
DIVIDEND / Occidental Petroleum

LOS ANGELES, Feb. 12 /CNW/ -- Occidental Petroleum Corporation's
(NYSE: OXY) board of directors today declared a regular quarterly dividend of
$.25 per share of common stock payable April 15, 1998 to stockholders of
record on March 10, 1998.

The board also declared a regular quarterly dividend of $.75 per share on
Occidental's $3.00 Cumulative CXY-Indexed Convertible Preferred Stock payable
April 1, 1998 to stockholders of record on March 10, 1998.

Occidental previously announced the redemption of all of the outstanding
shares of its $3.875 Cumulative Convertible Preferred Stock. Thus no dividend
will be declared or paid on this security.

Occidental also announced that its 1998 annual meeting of stockholders
will be held on May 1, 1998, at 10:30 a.m. Pacific Time at the Santa Monica
Civic Auditorium, 1855 Main Street, Santa Monica, California.
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