CP50: Occidental Chemical Corp.
Occidental Petroleum Corp. is an international oil and gas exploration and production company, as well as a major North American chemical manufacturer. Part of the company’s strategy is focused on large, long-lived oil and gas assets with long-term growth potential, including “legacy” oil and gas assets in its core geographic regions, such as those in California and the Permian Basin. For 2007, Occidental achieved record net income of $5.4 billion, compared with $4.2 billion for 2006. In 2007 the oil giant reported proved reserves of 2.9 billion barrels of oil equivalent in the US, the Middle East, North Africa, and Latin America. Business unit Occidental Chemical Corp. (OxyChem) is a leading North American manufacturer of polyvinyl chloride (PVC) resins, chlorine and caustic soda – key building blocks for a variety of indispensable products such as plastics, pharmaceuticals and water disinfectants.
Stephen I. Chazen
President and CEO
Chazen became president and CEO of Occidental Petroleum Corp. in May 2011. Chazen served as president and chief operating officer from 2010 to 2011 and as president and chief financial officer from 2007 to 2010. Prior to being named president and chief financial officer, Chazen was chief financial officer and senior executive vice president from 2004 to 2007, chief financial officer and executive vice president,corporate development from 1999 to 2004 and executive vice president, corporate development, from 1994 to 1999. Prior to joining Occidental, Chazen was a managing director in corporate finance and mergers and acquisitions at Merrill Lynch.
Executive Vice President, Strategy and Development
On July 11, 2014, Walker was appointed to the position of executive vice president, strategy and development, adding business development and land activities to her current responsibility for financial planning and analysis. Prior to joining Occidental in 2012 as executive vice president and chief financial officer, Walker was with Goldman, Sachs & Co. for 12 years where she served as managing director.
Executive Vice President and Chief Financial Officer
Stavros was appointed executive vice president and chief financial officer in 2014. As CFO, Stavros has overseen investor relations at Occidental since 2006 and became Vice president, investor relations and treasurer in 2012.
For the latest financial reports, visit: http://www.oxy.com/Investor_Relations/Pages/default.aspx