Occidental's Leadership Shift Signals Renewed Focus on Global Operations and Low-Carbon Innovation

Leadership Move Reinforces Strategic Priorities in Oil, Gas, and Low-Carbon Ventures

Occidental (NYSE: OXY) announced today the promotion of Richard A. Jackson to Senior Vice President and Chief Operating Officer, marking a significant leadership shift aimed at amplifying the company’s operational performance and technological innovation. Jackson now takes the helm for global oil and gas operations, low-carbon integrated technologies, and the company’s critical midstream, marketing, and HSE functions, all while reporting to CEO Vicki Hollub.

Jackson’s Track Record Points to Growth and Technological Leadership

This appointment comes as Oxy seeks to build on Jackson’s track record of growing U.S. onshore oil and gas operations and successfully launching its low-carbon technologies. Board Chairman Jack Moore credited Jackson’s proven leadership in enhancing the company’s operational value proposition, while CEO Hollub highlighted his ability to advance both traditional and future-facing business segments. Jackson, who most recently served as SVP and President of U.S. Onshore Resources and Carbon Management, is recognized for pushing forward key technologies in emissions measurement, carbon utilization, and Direct Air Capture.

Broader Market Impact: Operational Efficiencies and Carbon Solutions

Jackson’s expertise and background signal Oxy’s dual-track commitment: optimize core energy production and fast-track advanced carbon management. With one of the largest U.S. oil and gas resource positions, particularly in the Permian and DJ basins, and an expanding suite of carbon-reduction initiatives, Oxy’s management reshuffle reflects an intent to boost both near- and long-term shareholder value.

Richard Jackson’s influence can also be seen through Oxy’s progress in subsurface characterization, resource recovery, and emerging energy solutions. By maintaining cost efficiencies and harnessing integrated technology, the company is better positioned to capitalize on global energy trends and meet rising demand for cleaner, lower-carbon energy solutions.

Leadership and Board Credentials—A Foundation for Innovation

Looking Ahead: Operational Excellence and Value Creation

For investors and market observers, this move suggests Oxy is not standing still—actively seeking both to maximize current assets and stay ahead in a world where carbon management and cost control increasingly define industry leadership. With Jackson at the operational helm, shareholders may want to track how Oxy’s technological investments and global operational strategy translate into future returns and resilience.

For more information or to contact Oxy's media and investor teams, please refer to the table below:

Occidental’s focus on operational excellence and cutting-edge low-carbon technology makes this a leadership transition to watch as the energy sector evolves.

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