filings.toolsItem 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION, HOLDERS AND DIVIDEND POLICY
Occidental's common stock is listed and traded on the New York Stock Exchange under the ticker symbol "OXY". The common stock was held by approximately 23,300 stockholders of record at January 31, 2019, which does not include beneficial owners for whom Cede and Co. or others act as nominees.
Occidental's current annual dividend rate of $3.12 per share has increased by over 500 percent since 2002. The declaration of future dividends is a business decision made by the Board of Directors from time to time, and will depend on Occidental’s financial condition and other factors deemed relevant by the Board.
SHARE REPURCHASE ACTIVITIES
Occidental’s share repurchase activities for the year ended December 31, 2018, were as follows:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | |||||||||||||||||
| First Quarter 2018 | — | $ | — | — | |||||||||||||||||
| Second Quarter 2018 | 1,197,973 | (a) | $ | 83.46 | 872,000 | ||||||||||||||||
| Third Quarter 2018 | 11,324,665 | (a) | $ | 78.93 | 11,236,540 | ||||||||||||||||
| October 1 - 31, 2018 | 88,001 | (a) | $ | 82.18 | — | ||||||||||||||||
| November 1 - 30, 2018 | 1,424,000 | $ | 73.12 | 1,424,000 | |||||||||||||||||
| December 1 - 31, 2018 | 3,327,217 | $ | 59.96 | 3,327,217 | |||||||||||||||||
| Fourth Quarter 2018 | 4,839,218 | (a) | $ | 64.23 | 4,751,217 | ||||||||||||||||
| Total 2018 | 17,361,856 | (a) | $ | 75.15 | 16,859,757 | 46,896,787 | (b) |
| (a) | Includes purchases from the trustee of Occidental's defined contribution savings plan that are not part of publicly announced plans or programs. |
| (b) | Represents the total number of shares remaining at year end under Occidental's share repurchase program of 185 million shares. The program was initially announced in 2005. The program does not obligate Occidental to acquire any specific number of shares and may be discontinued at any time. |
PERFORMANCE GRAPH
The following graph compares the yearly percentage change in Occidental’s cumulative total return on its common stock with the cumulative total return of the Standard & Poor's 500 Stock Index (S&P 500), which Occidental is included in, and with that of Occidental’s peer group over the five-year period ended on December 31, 2018. The graph assumes that $100 was invested at the beginning of the five-year period shown in the graph below in: (i) Occidental common stock, (ii) the stock of the companies in the S&P 500, and (iii) each of the peer group companies' common stock weighted by their relative market values within the peer group, and that all dividends were reinvested.
Occidental's peer group consists of Anadarko Petroleum Corporation, Apache Corporation, Canadian Natural Resources Limited, Chevron Corporation, ConocoPhillips, Devon Energy Corporation, EOG Resources Inc., ExxonMobil Corporation, Hess Corporation, Marathon Oil Corporation, Total S.A. and Occidental.
| 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 | 12/31/2017 | 12/31/2018 | |||||||||||||||||||||||||
| Occidental | $ | 100 | $ | 91 | $ | 80 | $ | 88 | $ | 95 | $ | 83 | ||||||||||||||||||
| Peer Group | 100 | 94 | 77 | 96 | 99 | 87 | ||||||||||||||||||||||||
| S&P 500 | 100 | 114 | 115 | 129 | 157 | 150 |
The information provided in this Performance Graph shall not be deemed "soliciting material" or "filed" with the SEC or subject to Regulation 14A or 14C under the Exchange Act, other than as provided in Item 201 to Regulation S-K under the Exchange Act, or subject to the liabilities of Section 18 of the Exchange Act and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act except to the extent Occidental specifically requests that it be treated as soliciting material or specifically incorporates it by reference.
| (1) | The cumulative total return of the peer group companies' common stock includes the cumulative total return of Occidental's common stock. |
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