FONT-SIZE Plus   Neg

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

Occidental Petroleum Corporation (OXY) 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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Amazon.com Inc. (AMZN) Thursday reported an increase in profit for the third quarter, driven largely by revenue growth, especially at Amazon Web services. However, shares of the online retailer dropped nearly 5 percent in extended session after its profit fell short of Wall Street estimates. The midpoint... Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported a jump in third-quarter profit, largely driven by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations. Alphabet's third-quarter profit rose to $5.06 billion... Despite scandals and the negative impact from last decade's financial crisis, some of the world's largest banks have emerged stronger than before. According to the latest list from Relbanks.com, Chinese banks continued to dominate the global rankings in 2016 for the biggest banks by assets. However,...
comments powered by Disqus
Follow RTT