8-K
filed May 4, 2026, 7:59 PM ET
ticker OXY
CIK 0000797468
leadership
confidence high
sentiment neutral
materiality 0.78
CEO Vicki Hollub to retire June 1, 2026; COO Richard Jackson named successor
OCCIDENTAL PETROLEUM CORP /DE/
- Vicki Hollub to retire as President and CEO effective June 1, 2026; will remain on Board.
- Richard Jackson, 50, appointed President and CEO and Board member effective June 1, 2026.
- Jackson's base salary increased to $1.4M, target bonus 150% of salary, RSU grant of $6M vesting over 3 years.
- Jackson joined Occidental in 2003; most recently SVP and COO since October 2025.
- At 2026 Annual Meeting, all 10 director nominees elected with >96% support; say-on-pay approved with 94.3%.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard A. Jackson was appointed as President and Chief Executive Officer at OCCIDENTAL PETROLEUM CORP /DE/.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
On April 30, 2026, as part of its management succession planning, the Board unanimously approved the appointment of Richard A. Jackson, 50, as Occidental’s President and CEO and as a member of the Board, in each case effective as of the Transition Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vicki Hollub retired as President and Chief Executive Officer at OCCIDENTAL PETROLEUM CORP /DE/.
- Action
- retired
- Role
- President and Chief Executive Officer
Exact text from the filing
On April 30, 2026, Vicki Hollub, President and Chief Executive Officer (“CEO”) of Occidental Petroleum Corporation (“Occidental”), informed the Board of Directors of Occidental (the “Board”) of her decision to retire, effective as of June 1, 2026 (the “Transition Date”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Ratification of selection of KPMG as independent auditor at the 2026-05-01 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2026-05-01
Exact text from the filing
3. The ratification of the selection of KPMG as Occidental’s independent auditor for the year ending December 31, 2026 was approved by Occidental’s shareholders by the following vote: For 817,350,114 97.70% Against 17,887,435 2.14% Abstain 1,360,067 0.16%
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Election of Directors at the 2026-05-01 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2026-05-01
Exact text from the filing
1. The ten nominees proposed by the Board were elected by Occidental’s shareholders by the following votes: Nominee For % For Against Abstain Broker Non-Votes Vicky A. Bailey 701,817,615 97.52% 17,880,864 752,120 116,147,017 Andrew Gould 708,849,734 98.49% 10,856,879 743,986 116,147,017 Carlos M. Gutierrez 699,127,005 97.14% 20,574,299 749,295 116,147,017 Vicki Hollub 709,192,695 98.53% 10,579,265 678,639 116,147,017 William R. Klesse 703,585,193 97.76% 16,098,131 767,275 116,147,017 Jack B. Moore 707,868,416 98.36% 11,801,864 780,319 116,147,017 Claire O’Neill 711,252,493 98.83% 8,442,677 755,429 116,147,017 Avedick B. Poladian 695,640,197 96.66% 24,009,671 800,731 116,147,017 Kenneth B. Robinson 709,794,523 98.62% 9,903,206 752,870 116,147,017 Robert M. Shearer 713,765,531 99.18% 5,922,115 762,953 116,147,017
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Advisory vote to approve named executive officer compensation at the 2026-05-01 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2026-05-01
Exact text from the filing
2. The advisory vote to approve named executive officer compensation was approved by Occidental’s shareholders by the following vote: For 679,690,815 94.34% Against 38,852,814 5.40% Abstain 1,906,970 0.26% Broker Non-Votes 116,147,017
View on SEC.gov
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