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AI brief of an SEC Form 8-K · Occidental Petroleum (OXY)

Occidental CEO Vicki Hollub to retire June 1; COO Richard Jackson named successor

Neutral Impact 4 of 5 leadership Written later

Occidental CEO Vicki Hollub will retire as President and CEO effective June 1, 2026, and will remain on the Board. The Board named Senior Vice President and Chief Operating Officer Richard Jackson, 50, as her successor, effective the same date, with a base salary of $1,400,000 and a $6,000,000 restricted stock unit grant. At the May 1, 2026 annual meeting, shareholders also elected all ten Board nominees and approved the advisory pay vote with 94.34% support.

Key points

  • Vicki Hollub retires as President and CEO effective June 1, 2026, and will continue as a director.
  • Richard Jackson, 50, joined Occidental in 2003 and has served as Senior Vice President and COO since October 2025.
  • Jackson's base salary will rise to $1,400,000, his target annual cash incentive will be 150% of base salary, and he will receive $6,000,000 in restricted stock units vesting over three years.
  • Shareholders approved the advisory vote on named executive officer compensation with 94.34% For and ratified KPMG as auditor with 97.70% For.

The filing

CompanyOccidental Petroleum (OXY)
Form8-K, current report
Filed with the SECMay 4, 2026, 5:20 PM ET
Accession number0000950157-26-000569

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.