Occidental Petroleum shares up on Reuters report CEO to step down

ReutersMar 26, 2026 7:33 PM

Shares of shale producer Occidental Petroleum OXY.N rise as much as 4.2% to $64.44, their highest since July 2024

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

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

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

Including session's moves, OXY up 56% YTD

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