Occidental Petroleum Unveils CEO Succession Plan


May 5 (Reuters) - Occidental Petroleum Corp said on Tuesday that executive Vicki Hollub will replace Chief Executive Steve Chazen after "a thorough transition period."

As part of the announcement, Oxy said Hollub would be promoted immediately to senior executive vice president from vice president.

Chazen, who has been CEO since 2011, said he would help Hollub take the top job "when she is ready to take it on."

Oxy also boosted its annual dividend 4 percent on Tuesday to $3.

(Reporting by Ernest Scheyder; Editing by Ted botha)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Manager, Operations Excellence
Expertise: Executive
Location: Houston, TX
Oilfield Sales Representative - Outside Sales (Oil and Gas)
Expertise: Business Development|Project Management|Sales
Location: Odessa, TX
Manager, Probabilistic Risk Analysis Job
Expertise: Business Development|Research & Development|Technical Manager
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours