Las acciones de Occidental Petroleum suben debido a informes sobre la sucesión del CEO

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Investing.com – Occidental Petroleum Corporation (NYSE:OXY) saw its stock price rise 3.7% on Thursday, after Reuters reported that CEO Vicki Hollub is preparing to retire, with Chief Operating Officer Richard Jackson expected to succeed her.

According to Reuters, citing four people familiar with the matter, the 66-year-old Hollub plans to announce her retirement later this year, having worked for the Houston-based oil producer for over 40 years. Three of the sources said the 49-year-old Jackson was promoted to COO in October last year and is expected to become CEO after Hollub steps down.

Hollub became the first woman to lead a major oil company and turned Occidental into one of the largest producers in the Permian Basin. A hallmark of her tenure was the $55 billion acquisition of Anadarko Petroleum in 2019, which secured $10 billion in financing from Berkshire Hathaway, led by Warren Buffett.

Sources say a transition period is expected, during which Hollub may stay on as an advisor or announce a future departure date and appoint Jackson as the incoming CEO. She is expected to remain on the company’s board of directors.

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