Occidental Petroleum Promotes Richard A. Jackson to COO

By Greg Peters • Sunday, October 05 10:20 • Permanent Link

Occidental (NYSE: OXY) has recently announced the promotion of Richard A. Jackson to the position of Senior Vice President and Chief Operating Officer. In his new role, Jackson will be responsible for overseeing global oil and gas operations, low-carbon integrated technologies, and the midstream and marketing and health, safety, and environment functions. Jackson, who has been with Occidental since 2020, will continue to report to Vicki Hollub, the President and CEO.

During his tenure at Occidental, Jackson has held several key positions, including President and General Manager of the Permian Delaware Basin and EOR, Vice President of Investor Relations, and Vice President of Drilling Americas. He has also led Oxy Low Carbon Ventures, focusing on advancing technologies such as emissions measurement, carbon utilization and sequestration, direct air capture, and lithium extraction.

Under Jackson's leadership, Occidental has seen significant progress in its low-carbon integrated technologies. The company's low-carbon ventures subsidiary has been instrumental in advancing leading-edge technologies and business solutions that economically grow the business while reducing emissions.

In terms of financial performance, Occidental has reported strong results in recent years. The company has been one of the largest oil and gas producers in the U.S., with a leading presence in the Permian and DJ Basins, as well as offshore Gulf of America. Additionally, Occidental's midstream and marketing segment has provided flow assurance and maximized the value of its oil and gas, including the advancement of low-carbon ventures.

As Occidental continues to focus on advancing subsurface characterization and cost efficiencies for near* and long-term value, Jackson's promotion underscores the company's commitment to leveraging its resource position and capability to drive operational and technology leadership.

Following these announcements, the company's shares moved 1.4%, and are now trading at a price of $44.85. For more information, read the company's full 8-K submission here.

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