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.
Ray R. Irani
Chairman, President and CEO
Ray R. Irani has been a director of Occidental Petroleum Corporation since 1984, according to Reuters. Irani has been chairman and CEO of Occidental since 1990. He was chief operating officer from 1984 to 1990. He was chairman of the board of directors of Canadian Occidental Petroleum Ltd. (now Nexen Inc.) from 1987 to 1999. Irani also is a director of Wynn Resorts, Limited and TCW Group.
Stephen I. Chazen
President and Chief Financial Officer
Stephen I. Chazen has served as chief financial officer since 1999. Previously he served as executive vice president for Corporate Development from 1994-2004.
Executive Vice President, Human Resources
Martin Cozyn was appointed executive vice president of human resources effective April 1, 2008, according to Reuters. Prior to joining Oxy, Cozyn was with Nortel Networks, most recently as vice president, Global Human Resources.
For the latest financial reports, visit: http://www.oxy.com/Investor_Relations/Pages/default.aspx
- Occidental Chemical Corp.
- 5005 LBJ Fwy.
- Dallas, Texas 75244-6119