Occidental (NYSE: OXY) has recently announced the promotion of Richard A. Jackson to the role of Senior Vice President and Chief Operating Officer. In his new position, Jackson will be 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. This promotion represents a significant shift in the company's leadership and strategic focus.
Jackson, who previously served as the Senior Vice President and President, U.S. Onshore Resources and Carbon Management Operations, has been recognized for his leadership in growing Occidental's U.S. onshore oil and gas operations and launching low-carbon integrated technologies to support the company's CO2 and power value proposition.
Under Jackson's leadership, Occidental has made notable strides in its operational and technological capabilities. The company is focused on advancing its subsurface characterization and cost efficiencies to maximize near* and long-term value. Jackson's role will be critical in executing and delivering on these plans, while progressing advanced resource recovery and integrated technology value.
Furthermore, Jackson's previous experience as the President and General Manager of the Permian Delaware Basin and EOR, as well as his leadership in low carbon ventures, highlights his significant contributions to Occidental's operational and technological advancements.
As Occidental continues to transform its operations and strengthen its core competencies, Jackson's appointment as COO reflects the company's commitment to leveraging its significant low-cost global resource opportunity through continued operational and technology leadership.
The promotion of Richard A. Jackson to this key leadership position underscores Occidental's dedication to driving value creation, operational excellence, and technological innovation across its global operations. His proven track record and expertise are expected to play a pivotal role in advancing the company's strategic objectives and delivering sustainable value to its shareholders.
As Occidental continues to position itself as an international energy company with assets primarily in the United States, the Middle East, and North Africa, Jackson's leadership will be instrumental in driving the company's growth and success in the evolving energy landscape. Following these announcements, the company's shares moved 1.85%, and are now trading at a price of $45.6801. Check out the company's full 8-K submission here.
