8-KLeadership ChangesExhibits & Filings

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report, Executive Changes (Mar 27, 2009)

Filed March 27, 2009For Securities:OXYOXY-WT

Summary

Occidental Petroleum Corp. (OXY) announced significant leadership changes within its international oil and gas division through two press releases filed on March 27, 2009. The primary event is the retirement of R. Casey Olson, Executive Vice President and President of Oxy Oil and Gas, International, effective March 25, 2009. This marks the departure of a key executive overseeing a substantial segment of the company's global operations. In response, the company has appointed Edward A. “Sandy” Lowe as the new President of Oxy Oil and Gas - International Production. Mr. Lowe brings extensive experience, with over 35 years in the industry and 24 years at Oxy, holding various leadership roles. This transition aims to ensure continuity and leverage his deep knowledge in managing international production. The international business development activities will remain under the leadership of Rolf Monjo, headquartered in Abu Dhabi, indicating a continued strategic focus on global expansion and operations.

Key Highlights

  • 1Retirement of R. Casey Olson, Executive Vice President and President, Oxy Oil and Gas, International.
  • 2Edward A. “Sandy” Lowe appointed as President, Oxy Oil and Gas - International Production.
  • 3Mr. Lowe possesses over 35 years of industry experience, including 24 years with Occidental Petroleum.
  • 4Rolf Monjo will continue to lead Oxy’s international business development activities from Abu Dhabi.
  • 5The report contains two exhibits: press releases dated March 25, 2009, and March 26, 2009, detailing these personnel changes.

Frequently Asked Questions

R. Casey Olson's retirement as Executive Vice President and President of Oxy Oil and Gas, International, signifies a change in leadership for a crucial segment of Occidental Petroleum's global operations. Investors will be looking to see how this transition impacts the company's international strategy and performance.

Edward A. “Sandy” Lowe has been appointed as the new President, Oxy Oil and Gas - International Production. He brings substantial experience with over 35 years in the oil and gas industry, including a long tenure with Occidental Petroleum in various engineering and leadership positions.

The company indicated that Rolf Monjo will continue to lead Oxy’s international business development activities from Abu Dhabi. This suggests a continued focus on global expansion and operations, with leadership in this area remaining stable despite the executive changes in production.