Occidental Petroleum Promotes Richard A. Jackson to Chief Operating Officer

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Jackson to Chief Operating Officer, effective immediately. Jackson, who has over 25 years of experience in the oil and gas industry, will oversee global oil and gas operations, low-carbon integrated technologies, and the midstream and marketing and health, safety, and environment functions. In connection with his promotion, Jackson's base salary was increased to $925,000 per year, and he is eligible for a target annual cash incentive award of $925,000 for 2025. He also received a grant of restricted stock units valued at $1,500,000, which vests over three years. Occidental issued a press release on October 2, 2025, regarding this management change.

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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.