Overview
- Occidental said Chief Operating Officer Richard Jackson will take over as CEO on June 1, 2026, as Vicki Hollub retires and remains on the board.
- Jackson will also join the board that day, giving the longtime insider a voice in strategy from the start of his tenure.
- The board declared a quarterly dividend of $0.26 per share, payable July 15 to stockholders of record on June 10.
- The company reported an oil discovery at the Bandit prospect in the Gulf of Mexico, where it holds a 45.375% stake with partners Chevron and Woodside.
- Hollub’s decade as CEO featured big acquisitions followed by debt reduction and asset sales, including the Anadarko and CrownRock deals and a chemicals divestment.