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Occidental Petrl. (OCP)

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Monday 26 July, 1999

Occidental Petrl.

Dividend Declarations

OCCIDENTAL PETROLEUM CORPORATION
15 July 1999

LETTER TO NEW YORK STOCK EXCHANGE

We wish to advise you that the following action was taken by Occidental
Petroleum's Board of Directors on July 15, 1999:

          Declared a regular quarterly dividend on the Common Stock at
          $.25 per share, payable October 15, 1999 to stockholders of record
          on September 10, 1999.

          Declared a regular quarterly dividend on the $3.00 Cumulative CXY-
          Indexed Convertible Preferred Stock of $.75 per share, payable
          October 1, 1999 to stockholders of record on September 10, 1999.

LETTER FROM OCCIDENTAL PETROLEUM CORPORATION

                                                                                         

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