Occidental Petroleum (OXY) will release Q4 earnings on February 19, and could hike its dividend per share. Investors could see OXY stock move higher. Meanwhile, shorting out-of-the-money OXY puts over the next month provides almost a 1.5% yield.
OXY closed Friday at $42.70, but it could be worth more if the dividend hike goes through. That's up from a recent low of of $38.92 on Dec. 16, 2025.
