---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-26-000569"
form_type: "8-K"
ticker: "OXY"
cik: "0000797468"
company_name: "OCCIDENTAL PETROLEUM CORP /DE/"
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-15T00:09:43.086932+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# CEO Vicki Hollub to retire June 1, 2026; COO Richard Jackson named successor

## Summary
- 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%.

## SEC filing metadata
- accession: 0000950157-26-000569
- form_type: 8-K
- ticker: OXY
- cik: 0000797468
- company_name: OCCIDENTAL PETROLEUM CORP /DE/
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797468/000095015726000569/0000950157-26-000569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797468/000095015726000569/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-26-000569
- JSON: https://secwatch.observer/filing/0000950157-26-000569.json
- Plain text: https://secwatch.observer/filing/0000950157-26-000569.txt

## Key facts
- Executive change
  Richard A. Jackson was appointed as President and Chief Executive Officer at OCCIDENTAL PETROLEUM CORP /DE/.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000095015726000569/0000950157-26-000569-index.htm
- Executive change
  Vicki Hollub retired as President and Chief Executive Officer at OCCIDENTAL PETROLEUM CORP /DE/.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000095015726000569/0000950157-26-000569-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.