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%.

item 5.02 item 5.07 item 7.01 item 9.01

Executive movements

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Appointed

Richard A. Jackson

President and Chief Executive Officer

OXY · OCCIDENTAL PETROLEUM CORP /DE/

Effective: 2026-06-01
Filed: May 4, 2026, 7:59 PM ET

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.

Departed

Vicki Hollub

President and Chief Executive Officer

OXY · OCCIDENTAL PETROLEUM CORP /DE/

Effective: 2026-06-01
Successor: Richard A. Jackson
Filed: May 4, 2026, 7:59 PM ET

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”).

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

OCCIDENTAL PETROLEUM CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000950157-26-000569

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