Occidental Petroleum shares up on report CEO to step down

ReutersMar 26, 2026 7:05 PM

Shares of shale producer Occidental Petroleum OXY.N surges ~4% to $64.23

Occidental's longtime CEO Vicki Hollub to step down later this year, sources familiar with the matter told Reuters

Richard Jackson, currently COO, is likely to take the helm after Hollub's departure

Hollub could remain in an advisory capacity to the new CEO and is also expected to remain on the co's board, the sources add

Including session's moves, OXY up 56% YTD

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