Occidental (NYSE: OXY) has 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. This promotion comes as a result of Jackson's demonstrated success in growing Occidental's U.S. onshore oil and gas operations and launching low-carbon integrated technologies during his tenure as Senior Vice President and President, U.S. Onshore Resources and Carbon Management Operations.
Under Jackson's leadership, Occidental has seen significant advancements in its operations. These include a focus on creating additional value for shareholders across global operations, transforming the company while strengthening core competencies, and advancing low-cost global resource opportunities through operational and technology leadership.
Jackson's previous roles at Occidental include serving as President and General Manager of the Permian Delaware Basin and EOR, as well as Vice President of Investor Relations and Vice President of Drilling Americas. Additionally, he has led Oxy Low Carbon Ventures, advancing technologies such as emissions measurement, carbon utilization and sequestration, direct air capture, and lithium extraction.
Jackson, a graduate of Texas A&M University with a Bachelor of Science in Petroleum Engineering, currently serves 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 focused on using its global leadership in carbon management to advance a lower-carbon world. The company is one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of America. Additionally, its midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas, including its Oxy Low Carbon Ventures subsidiary, which is advancing leading-edge technologies and business solutions that economically grow the business while reducing emissions. Furthermore, Occidental's chemical subsidiary, OxyChem, manufactures the building blocks for life-enhancing products. Today the company's shares have moved 1.4% to a price of $44.85. If you want to know more, read the company's complete 8-K report here.
