Occidental promotes Richard A. Jackson to COO, overseeing global operations and low-carbon technologies, enhancing shareholder value.
Quiver AI Summary
Occidental has announced the promotion of Richard A. Jackson to Senior Vice President and Chief Operating Officer, where he will manage global oil and gas operations, low-carbon technologies, and health and safety functions. Reporting to CEO Vicki Hollub, Jackson aims to enhance shareholder value through operational and technological advancements. With a strong background in leading U.S. onshore resources and carbon management, Jackson has played a crucial role in advancing low-carbon initiatives and emissions reduction technologies. His leadership is expected to drive value extraction from Occidental's significant resource base as the company continues its transformation towards sustainability. Jackson, a Texas A&M graduate with a degree in Petroleum Engineering, has a history of various leadership roles within the company and serves on industry environmental boards.
Potential Positives
- Richard A. Jackson has been promoted to Senior Vice President and Chief Operating Officer, indicating the company's commitment to strong leadership and operational excellence.
- The promotion emphasizes Occidental's focus on low-carbon technologies, which aligns with the industry trend towards sustainability and may enhance shareholder value.
- Jackson's track record in expanding U.S. onshore operations and advancing low-carbon initiatives positions him well to drive growth and innovation within the company.
- The leadership changes signal Occidental's ongoing transformation and strategic focus on maximizing resource opportunities and cost efficiencies.
Potential Negatives
- The promotion of Richard A. Jackson to Senior Vice President and Chief Operating Officer may indicate a lack of succession planning, as the promotion requires an internal candidate to step into this critical role amidst ongoing challenges in the energy sector.
- Despite announcing growth in U.S. onshore operations, the emphasis on low-carbon technologies may highlight potential vulnerabilities and the risk of not being aligned with current market demands for immediate profitability in traditional oil and gas operations.
- As the company continues to transform and focus on low-cost global resource opportunities, there may be concerns regarding the effectiveness of this strategy amidst fluctuating energy prices and environmental regulations.
FAQ
Who has been promoted to COO at Occidental?
Richard A. Jackson has been promoted to Senior Vice President and Chief Operating Officer at Occidental.
What are Richard Jackson's previous roles at Occidental?
He previously served as Senior Vice President and President of U.S. Onshore Resources and Carbon Management, and held various leadership roles in operations.
What responsibilities does the COO of Occidental oversee?
The COO oversees global oil and gas operations, low-carbon technologies, midstream, marketing, and health, safety, and environment functions.
What is Oxy Low Carbon Ventures?
Oxy Low Carbon Ventures is Occidental's subsidiary focused on advancing technologies for emissions measurement, carbon utilization, and sequestration.
How can I learn more about Occidental's initiatives?
Visit Oxy.com for more information on Occidental's energy initiatives, including their commitment to carbon management and sustainable practices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OXY Congressional Stock Trading
Members of Congress have traded $OXY stock 8 times in the past 6 months. Of those trades, 5 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $OXY stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 08/05.
- REPRESENTATIVE ROBERT BRESNAHAN has traded it 2 times. They made 1 purchase worth up to $15,000 on 05/15 and 1 sale worth up to $50,000 on 04/08.
- REPRESENTATIVE JEFFERSON SHREVE has traded it 3 times. They made 1 purchase worth up to $50,000 on 05/08 and 2 sales worth up to $100,000 on 05/12, 04/07.
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 05/05 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$OXY Hedge Fund Activity
We have seen 582 institutional investors add shares of $OXY stock to their portfolio, and 514 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 8,273,030 shares (+10.3%) to their portfolio in Q2 2025, for an estimated $347,549,990
- BLACKROCK, INC. added 4,709,076 shares (+10.9%) to their portfolio in Q2 2025, for an estimated $197,828,282
- GEODE CAPITAL MANAGEMENT, LLC added 3,267,269 shares (+22.0%) to their portfolio in Q2 2025, for an estimated $137,257,970
- TWO SIGMA INVESTMENTS, LP removed 3,050,945 shares (-88.9%) from their portfolio in Q2 2025, for an estimated $128,170,199
- SQUAREPOINT OPS LLC removed 2,788,881 shares (-97.5%) from their portfolio in Q2 2025, for an estimated $117,160,890
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,506,388 shares (+771.0%) to their portfolio in Q2 2025, for an estimated $105,293,359
- SMEAD CAPITAL MANAGEMENT, INC. removed 1,866,260 shares (-31.4%) from their portfolio in Q2 2025, for an estimated $78,401,582
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$OXY Analyst Ratings
Wall Street analysts have issued reports on $OXY in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Susquehanna issued a "Positive" rating on 04/22/2025
- Stephens & Co. issued a "Overweight" rating on 04/15/2025
To track analyst ratings and price targets for $OXY, check out Quiver Quantitative's $OXY forecast page.
$OXY Price Targets
Multiple analysts have issued price targets for $OXY recently. We have seen 14 analysts offer price targets for $OXY in the last 6 months, with a median target of $48.0.
Here are some recent targets:
- Josh Silverstein from UBS set a target price of $46.0 on 09/15/2025
- James West from Melius Research set a target price of $64.0 on 08/20/2025
- Devin McDermott from Morgan Stanley set a target price of $52.0 on 08/18/2025
- Mark Lear from Piper Sandler set a target price of $50.0 on 07/17/2025
- Arun Jayaram from JP Morgan set a target price of $48.0 on 07/15/2025
- Roger Read from Wells Fargo set a target price of $46.0 on 07/15/2025
- Paul Cheng from Scotiabank set a target price of $45.0 on 07/11/2025
Full Release
HOUSTON, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors has promoted Richard A. Jackson to Senior Vice President and Chief Operating Officer, overseeing global oil and gas operations, low-carbon integrated technologies and the midstream and marketing and health, safety and environment functions. He will continue reporting to Vicki Hollub, President and Chief Executive Officer. Jackson was named Senior Vice President and President, U.S. Onshore Resources and Carbon Management, Operations, in 2020.
“Richard is a proven leader who has demonstrated success growing Oxy’s U.S. onshore oil and gas operations and launching Oxy’s low-carbon integrated technologies to support our CO2 and power value proposition. As COO, Richard can turn his focus toward creating additional value for Oxy’s shareholders across our global operations,” said Jack Moore, Chairman of Occidental’s Board of Directors.
“Richard is an innovative leader who is focused on getting the best out of our people and assets to deliver value every day. As we continue to transform our company while strengthening our core competencies, Richard will be able advance our significant low-cost global resource opportunity through continued operational and technology leadership,” said President and CEO Vicki Hollub.
“Oxy has a tremendous resource position and capability as we continue to advance our subsurface characterization and cost efficiencies for near- and long-term value. I appreciate the opportunity to continue to work with our teams to execute and deliver on these plans while we progress our advanced resource recovery and integrated technology value,” said Richard Jackson.
Previously, Jackson served as President and General Manager of the Permian Delaware Basin and EOR, as well as Vice President of Investor Relations and Vice President of Drilling Americas. He has also led Oxy Low Carbon Ventures from its inception, advancing leading-edge technologies, including key areas of emissions measurement, carbon utilization and sequestration, Direct Air Capture and lithium extraction.
Jackson serves on the Oil and Gas Climate Initiative’s Climate Investment Board and the American Petroleum Institute’s Upstream Committee. A graduate of Texas A&M University, he holds a Bachelor of Science in Petroleum Engineering.
About Occidental
Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of America. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas, and includes our Oxy Low Carbon Ventures subsidiary, which is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. We are dedicated to using our global leadership in carbon management to advance a lower-carbon world. Visit Oxy.com for more information.
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