Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Occidental Petroleum Says Steve Chazen To Continue As CEO Through End Of '14

RELATED NEWS
Trade OXY now with 

Occidental Petroleum Corporation (OXY: Quote) Monday said Steve Chazen will continue to serve as Chief Executive Officer through the end of 2014 with the Board's full support. Chazen is expected to immediately assume responsibility for all of the company's operations, including Oxy's international operations.

Commenting on the development, Steve Chazen, Chief Executive Officer said, "Today's announcement is consistent with my personal plans...The Board and I have discussed the importance of identifying new leadership for the next decade. I support the Board and its efforts to move forward on succession and corporate governance issues and look forward to working with them to effect an orderly transition."

Click here to receive FREE breaking news email alerts for Occidental Petroleum Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.