Occidental (NYSE: OXY) announced the promotion of Richard A. Jackson to the position of Senior Vice President and Chief Operating Officer, responsible for overseeing global oil and gas operations, low-carbon integrated technologies, as well as the midstream and marketing and health, safety, and environment functions. Jackson, who previously served as Senior Vice President and President, U.S. Onshore Resources and Carbon Management Operations, has been recognized for his success in growing Occidental's U.S. onshore oil and gas operations and launching low-carbon integrated technologies.
As a leader, Jackson has been instrumental in advancing Occidental's low-carbon ventures, playing a role in developing advanced technologies such as emissions measurement, carbon utilization and sequestration, direct air capture, and lithium extraction. Notably, he has also been appointed to serve on the Oil and Gas Climate Initiative's Climate Investment Board and the American Petroleum Institute's Upstream Committee.
Occidental, an international energy company with assets primarily in the United States, the Middle East, and North Africa, is dedicated to leveraging its global leadership in carbon management to advance a lower-carbon world.
Under Jackson's leadership, Occidental aims to continue advancing its subsurface characterization and cost efficiencies to deliver long-term value. His appointment as Chief Operating Officer signifies the company's commitment to strengthening its core competencies and advancing low-cost global resource opportunities through operational and technology leadership.
Furthermore, Occidental's dedication to utilizing leading-edge technologies and business solutions to economically grow its business while reducing emissions is evident through its subsidiary, Oxy Low Carbon Ventures, which operates within the midstream and marketing segment. Additionally, the company's chemical subsidiary, OxyChem, manufactures essential products, demonstrating Occidental's commitment to sustainability and advancing a lower-carbon world. As a result of these announcements, the company's shares have moved 1.4% on the market, and are now trading at a price of $44.85. Check out the company's full 8-K submission here.
