Occidental Petroleum Corporation (OXY), a hydrocarbon explorer, said on Friday that it has appointed its chief operating officer, Richard Jackson, as chief executive officer. He will succeed Vicki Hollub as CEO upon her retirement on June 1.
Occidental has also announced that Jackson will join the board with effect from June 1. Jackson, who joined Occidental in 2003, has held many pivotal leadership and technical positions.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.