news releases

Occidental Petroleum Declares Dividend

LOS ANGELES, Feb. 8, 2001 -- Occidental Petroleum Corporation (NYSE:OXY) said today that its board of directors has declared a regular quarterly dividend of $.25 per share of common stock payable April 15, 2001, to stockholders of record on March 9, 2001. -0-

CONTACT: Occidental Petroleum Corporation, Los Angeles
         Howard Collins (media)
         310-443-6523
         Kenneth J. Huffman (investors)
         212-603-8183
         On the Web: www.oxy.com