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NEW YORK ( TheStreet) -- The ex-dividend date for Occidental Petroleum Corporation (NYSE: OXY) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $98.12 as of 9:35 a.m. ET, the dividend yield is 1.9%. The average volume for Occidental has been 5.6 million shares per day over the past 30 days. Occidental has a market cap of $77.87 billion and is part of the basic materials sector and energy industry. Shares are up 0.1% year to date as of the close of trading on Monday. Occidental Petroleum Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company primarily in the United States. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. The company has a P/E ratio of 12.6, above the average energy industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7.