Occidental Petroleum, a key holding of Berkshire Hathaway, has raised its dividend following strong sector performance and healthy cash flow. The increase is supported by roughly US$3b in free cash flow and recent debt reduction, keeping the payout ratio anchored in operational cash generation. Berkshire Hathaway continues to hold a significant stake in Occidental, and the dividend move highlights how Occidental is allocating capital between shareholder returns and other uses such as investment and debt management. The key open question remains how stable Occidental's dividend will be through a weaker commodity cycle.
Occidental Petroleum CorporationOccidental raised its dividend, supported by strong cash flow and debt reduction, which is positive for shareholders.
Berkshire Hathaway Inc