secwatch.observer — SEC 8-K summary
======================================

Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0000950157-26-000569
Event type: leadership
Sentiment:  neutral
Materiality: 0.78
Item codes: 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000095015726000569/0000950157-26-000569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000095015726000569/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-26-000569

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer