Occidental Boosts Dividend, Buyback Plan, Sells Hugoton Field for ~$1.4B

On Thursday, Occidental Petroleum Corporation's (NYSE: OXY ) management announced the sale of Hugoton Field Assets and an increase in its annual dividend. Occidental announced that it has reached a definitive agreement to sell Hugoton Field Assets to an undisclosed buyer for pre-tax proceeds of $1.4 billion.