logo
Share SHARE
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

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade OXY now with 
Follow RTT