Yahoo · Mar 27, 2026
Occidental Petroleum (OXY) Is Up 8.0% After CEO Transition And OxyChem Sale Announcement - Has The Bull Case Changed?
Occidental Petroleum recently announced that longtime CEO Vicki Hollub will retire this year, with COO Richard Jackson stepping into the top role while Hollub remains on the board and as an advisor to support the handover. Ahead of this leadership transition, the company also completed the US$9.70 billion sale of its OxyChem unit, sharpening its focus on core oil and gas operations and using proceeds to pay down debt. With the OxyChem divestiture refocusing capital on core energy assets,...


