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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.