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NEW YORK ( TheStreet) -- The ex-dividend date for Occidental Petroleum Corporation (NYSE: OXY) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $101.56 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Occidental has been 4.4 million shares per day over the past 30 days. Occidental has a market cap of $81.93 billion and is part of the basic materials sector and energy industry. Shares are up 10.5% year to date as of the close of trading on Monday. Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. The company has a P/E ratio of 12.8, below the average energy industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.