Occidental Petroleum Announces CEO Succession Plan

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The Board of Directors has appointed Richard Jackson, the current Senior Vice President and Chief Operating Officer, as her successor. Jackson will also join the Board. The transition is part of Occidental's management succession planning. Additionally, the 2026 Annual Meeting of Shareholders saw the election of ten new Board members and approval of executive compensation and the selection of KPMG as the independent auditor.

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About Occidental Petroleum Corporation

Occidental Petroleum Corporation is a global energy producer, primarily focused on the exploration and production of oil and natural gas. Its operations span key regions such as the United States, the Middle East, and Latin America, contributing significantly to the energy supply chain. Aside from its core oil and gas activities, Occidental is actively engaged in chemical production through its subsidiary Occidental Chemical Corporation, which provides essential building blocks for a variety of industries, including agriculture, water treatment, and plastics. As a leader in its field, Occidental is committed to advancing sustainable and low-carbon energy solutions, notably through carbon capture and enhanced oil recovery techniques. The company plays a vital role in meeting global energy demands while striving to reduce environmental impact, thus positioning itself as a key player in the evolving energy landscape.