BNET Industries

Market Cap:$53.0B
Last Fiscal Year Sales:$24.4B
  • Public
  • US
Dow Jones Description

Oil you wanted to know! Occidental Petroleum Corporation (NYSE: OXY). This $16.2 billion company explores for, develops, produces and markets crude oil and natural gas and markets basic chemicals, vinyls and performance chemicals. Based in Los Angeles, CA, the company employs about 8,017 people. It operates in the United States, UAE and other countries. Founded in the 1920's, it is the largest oil producer in Texas and the largest natural gas producer in California,

Chief Executive OfficerRay R. Irani
Number of Employees 10,400
Contact Information

10889 Wilshire Blvd

Los Angeles, California 90024-4201

oxychrome.com

(310) 208-8800

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Occidental, CNR Submit Bids for Bahrain's Deep Gas Exploration Project

    6/25/09 - Merger / Acquisition - View Story

  • TSC Ratings' Updates: General Dynamics

    5/27/09 - Bond / Stock Rating - View Story

  • Occidental Petroleum OXY NewsBite - OXY Upgraded By Credit Suisse

    5/27/09 - Bond / Stock Rating - View Story

  • SmarTrendR News Watch: Analyst Upgrades 5/26: (AEIS, AAPL, AVID, BAC, BUCY, CSH, CBEY, CHS, HIBB,...

    5/26/09 - Bond / Stock Rating - View Story

  • BRIEF-RESEARCH ALERT-Bernstein raises price targets on several energy cos

    5/20/09 - Bond / Stock Rating - View Story

  • BRIEF-Goldman Sachs cuts Murphy Oil, Marathon Oil

    5/08/09 - Bond / Stock Rating - View Story

  • Occidental Petroleum OXY NewsBite - OXY Upgraded By Barclays Capital

    5/06/09 - Bond / Stock Rating - View Story

  • Oxy Oil & Gas names VP

    5/08/09 - Mgmt. Change Entering - Vice President - View Story

  • SmarTrendR News Watch: Today's Analyst Upgrades - Wrap Up

    5/05/09 - Bond / Stock Rating - View Story

  • Occidental Petroleum Increases Quarterly Div...

    5/01/09 - Stock Split / Dividend - View Story

  • Occidental Petroleum, Mubadala sign DPSA for Bahrain field development

    4/28/09 - Joint Venture / Alliance - View Story

  • Occidental Petroleum Q1 profit plunges on lower oil prices - update

    4/23/09 - Bond / Stock Rating - View Story

  • Occidental sees 80% drop in 1Q profits

    4/24/09 - Financial Announcement - View Story

  • BRIEF-UBS cuts ConocoPhillips to neutral

    4/08/09 - Bond / Stock Rating - View Story

  • Occidental Petroleum Says Casey Olson, EVP, President, Oxy Oil and Gas - International, To Retire...

    3/26/09 - Mgmt. Change Leaving - Vice President - View Story

  • R. Casey Olson, Executive Vice President and President, Oxy Oil and Gas - International,...

    3/25/09 - Mgmt. Change Leaving - Vice President - View Story

  • Occidental and Mubadala Sign Interim Agreement for Bahrain Field Development

    3/16/09 - Joint Venture / Alliance - View Story

News & Analysis

occidental petroleum corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Ray R. Irani Chief Executive Officer
Casey Olson President
Stephen I. Chazen President & Chief Financial Officer
Donald L. Moore Jr. CIO
Michael S.Stutts Chief Tax Counsel
Donald P. de Brier Executive Vice President
James M. Lienert Executive Vice President, Finance and Planning
John Hurst Executive Vice President
John W. Morgan Executive Vice President
R. Casey Olson Executive Vice President
Richard W. Hallock Executive Vice President, Human Resources
Alan H. Stevens Senior Vice President of Worldwide Exploration
Anthony R. Leach Vice President, Finance
Aurmond A. Watkins Jr. Vice President, Tax
James R. Havert Vice President
Jim A. Leonard Vice President
Kenneth J. Huffman Vice President, Investor Relations
Lawrence Meriage Vice President, Communications & Public Affairs
Richard A. Swan Vice President, Health, Environment & Safety
Robert M. McGee Vice President, Government Relations
Samuel Dominick Vice President & Controller
Todd Stevens Vice President, Acquisitions & Corporate Finance
Al Collins Director of Health, Environment and Safety Regulatory Affairs
Keith C. Hill Geologist
T. Michael Shelton Assistant Treasurer
Walter J Bench Management Associate
Ronald W. Burkle Director
Walter L. Weisman Director
Rodolfo Segovia Environmental Committee Member
Rosemary Tomich Environmental Committee Member

Board of Directors

Name (plus bio) Position
Aziz D. Syriani Board of Directors
Aziz R. D. Syriani Board of Directors
Edward P Djerejian Board of Directors
Irvin W. Maloney Board Director
John E. Feick Board Director
John S. Chalsty Board of Directors
R. Chad Dreier Board of Directors
Spencer Abraham Board of Directors

Dr. Irani has been Chairman and Chief Executive Officer 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. Dr. Irani also is a director of Wynn Resorts, Limited and TCW Group.

Organization Position Status
Occidental Petroleum Corporation Chief Executive Officer Current
Occidental Oil & Gas Corporation Chairman & CEO Current
TCW Group Chairman and Chief Executive Officer, Occidental Petroleum Corporation, Los Angeles, California Current
Particle Size Current
House of Lebanon Honorary Chairman of the Board Current
Occidental Petroleum Corporation Chairman Current
American Petroleum Institute Director Current
American Chemical Society Board of Directors Current
California Business Roundtable Board of Directors Current
TCW Group Director Current
Cedars Bank Board Director Current
Wynn Resorts Limited Board of Directors Current
Lyondell Chemical Company Director Current
Wynn Las Vegas Board of Directors Current
World Affairs Council Board of Directors Current
Occidental Petroleum Corporation Dividend Committee Member Current
Occidental Chemical Corporation Chief Executive Officer Former
KB Home Chairman & CEO Former
Olin Corporation President Former
Occidental Petroleum Corporation President Former
Olin Corporation Chief Operating Officer Former
Occidental Petroleum Corporation Coo Former
Occidental Chemical Corporation Executive Vice President Former
Monsanto Company Senior Research Group Leader Former
Occidental Chemical Corporation Chairman Former
Nexen, Inc. Board of Directors Former
KB Home Board Director Former
Occidental Petroleum Corporation Board Director Former
American University of Beirut B.S. Degree In Chemistry Former

Casey Olson is President, Middle East of Occidental Petroleum Corporation and currently manages Occidental's extensive E&P interests in the Middle East, in addition to being a board member of Dolphin Energy Limited, He was earlier Executive Vice President of Business Development for Occidental Oil and Gas Company, responsible for all business development for the company. Prior to joining Occidental, Mr Olson was an investment banker, holding the position of Managing Director, Global Energy for CIBC Wood Gundy Securities Corp. He also spent seven years as Vice President Energy Ventures for Hunt Oil Company, where he was responsible for evaluating new exploration projects, as well as the management of operating partnerships with U.S., French, Kuwaiti, Russian and Korean oil companies.

Organization Position Status
Occidental Petroleum Corporation President Current
Dolphin Energy Limited Board Member Current
Organization Position Status
Occidental Petroleum Corporation President & Chief Financial Officer Current
Lyondell Chemical Company Director Current
Washington Mutual, Inc. Board of Directors Current
Occidental Petroleum Corporation Senior Executive Vice President Former
Merrill Lynch & Co., Inc. Managing Director, Investment Banking Former
Premcor Inc. Board of Directors Former
Michigan State University PhD, Geology Former
The University of Houston M.S., Finance Former
Rutgers University B.S., Geology Former
Organization Position Status
Occidental Petroleum Corporation CIO Current
Occidental Petroleum Corporation Vice President Former
Organization Position Status
Occidental Petroleum Corporation Chief Tax Counsel Current
Occidental Petroleum Corporation Vice President, Tax Former
Organization Position Status
Occidental Petroleum Corporation Executive Vice President Current
Occidental Petroleum Corporation Secretary Current
Occidental Petroleum Corporation General Counsel Former
Organization Position Status
Occidental Petroleum Corporation Executive Vice President, Finance and Planning Current
Occidental Chemical Corporation Executive Vice President, Finance & Planning Current
Occidental Chemical Corporation President Former
Organization Position Status
Occidental Petroleum Corporation Executive Vice President Current
Organization Position Status
Occidental Petroleum Corporation Executive Vice President Current
Occidental Oil & Gas Corporation President Former
Occidental Oil & Gas Corporation Executive Vice President, Operations Former
Organization Position Status
Occidental Petroleum Corporation Executive Vice President Current
Oogc Vice President Former
Organization Position Status
Occidental Petroleum Corporation Executive Vice President, Human Resources Current

Mr. Stevens is the former President of Southwestern Energy Exploration and Production Company and a Senior Vice President of Worldwide Exploration for Occidental Petroleum. Mr. Stevens has over 35 years experience in technical and managerial positions involving all phases of hydrocarbon exploration, production, operations, and contract negotiations for both domestic and international operations. While in his senior positions with Southwestern and Occidental, Mr. Stevens managed staffs of 85-100 people and annual capital budgets of US$150 MM. He also has held a management position with Tenneco Oil Company. Mr. Stevens currently devotes 15% of his time on the affairs of Derek.

Organization Position Status
Occidental Petroleum Corporation Senior Vice President of Worldwide Exploration Current
Derek Oil & Gas Corporation Vice President, Operations and Director Current
Derek Oil & Gas Corporation Director Current
Co-Production President Former
Occidental Petroleum Corporation Vice President of Operations Former
Organization Position Status
Occidental Petroleum Corporation Vice President, Finance Current
Organization Position Status
Occidental Petroleum Corporation Vice President, Tax Current
Organization Position Status
Occidental Petroleum Corporation Vice President Current
Occidental Petroleum Corporation Treasurer Current
Occidental Petroleum Corporation Senior Assistant Treasurer Former
Organization Position Status
Occidental Petroleum Corporation Vice President Current
Oogc Senior Vice President, Finance. Former
Oogc Senior Assistant Controller Former
Occidental Petroleum Corporation Controller Former
Organization Position Status
Occidental Petroleum Corporation Vice President, Investor Relations Current
Organization Position Status
Occidental Petroleum Corporation Vice President, Communications & Public Affairs Current
Organization Position Status
Occidental Petroleum Corporation Vice President, Health, Environment & Safety Current
Organization Position Status
Occidental Petroleum Corporation Vice President, Government Relations Current
Organization Position Status
Occidental Petroleum Corporation Vice President & Controller Current
Occidental Petroleum Corporation Board of Directors Current
Organization Position Status
Occidental Petroleum Corporation Vice President, Acquisitions & Corporate Finance Current
Organization Position Status
Occidental Petroleum Corporation Director of Health, Environment and Safety Regulatory Affairs Current
National Environmental Strategies Vice President of Regulatory Affairs Former
North Carolina State University Degrees In Economics and Chemical Engineering Former

Keith C. Hill is currently President of Lundin Russia, Chairman of Pearl Exploration and Production and a Board Member of Tanganyika Oil. Mr. Hill was also the former Founder and President of Valkyries Petroleum Corp. He has also been the General Manager for Lundin Malaysia and Lundin Sudan. He has over 17 years of experience in the oil industry including a geologist position with Occidental Petroleum Corporation and Shell Oil Company. His educational background includes a B.Sc. in Geophysics and M.Sc. in Geology from Michigan State University and a M.B.A. in International Business and Finance from the University of St. Thomas in Houston, TX.

Organization Position Status
Occidental Petroleum Corporation Geologist Current
Shell Oil Company Geologist Current
Ausam Energy Corporation Board of Directors Former
University of St. Thomas M.B.A. In International Business and Finance Former
Organization Position Status
Occidental Petroleum Corporation Assistant Treasurer Current
Organization Position Status
Southwest Water Company Treasurer Current
Optech, Inc. Treasurer, Southwest Water Company Current
Occidental Petroleum Corporation Management Associate Current
Southwest Water Company Treasurer Current
Novus Utility Services, Inc Treasurer Current
Water Partnership Council Treasurer Current
New Mexico Utilities, Inc. Treasurer Current
Occidental Petroleum Corporation Associate Director Former
California Society of Certified Public Accountants Director of the Los Angeles Chapter Former
Hughes Electronics Finance Manager Former
Conexant Systems, Inc. Assistant Treasurer Former
University of Colorado Master of Business Administration Former
University of Pittsburgh Bachelor of Arts Degree In Political Science Former
University of Colorado Bachelor of Arts Degree In Political Science Former

Mr. Syriani has served since 2002 as President and Chief Executive Officer of The Olayan Group, a diversified trading, services and investment organization with activities and interests in the Middle East and elsewhere. From 1978 until 2002, he served as President and Chief Operating Officer of The Olayan Group. Mr. Syriani is also a director of The Credit Suisse Group. He was Chairman of the Audit Committee of The Credit Suisse Group from April 2002 until April 2004, and since April 2004, has been Chairman of its Compensation Committee.

Organization Position Status
Occidental Petroleum Corporation Board of Directors Current
The Olayan Group CEO Former
The Olayan Group President Former
The Olayan Group Chief Operating Officer Former
Credit Suisse Group Director Former
Organization Position Status
Credit Suisse Securities (USA) LLC Lead Independent Director Current
Credit Suisse Securities (USA) LLC Member ,Chairman’S and Governance Committee Current
Credit Suisse Member of the Board Current
Occidental Petroleum Corporation Board of Directors Current
The Olayan Group Chief Executive Officer Former
The Olayan Group President Former
Credit Suisse Securities (USA) LLC Board of Directors Former
Organization Position Status
Djerejian Global Consultancies, Llp Managing Partner Current
Occidental Petroleum Corporation Board of Directors Current
Baker Hughes Incorporated Board Director Current
Global Industries, Ltd. Board of Directors Current
Reasoning Mind Board of Directors Current
Epok, Inc. Board of Directors Current
Occidental Petroleum Corporation Environmental Committee Member Current
Baker Hughes Incorporated Compensation Committee Member Current
Foreign Affairs Special Assistant Former
Djerejian Global Consultancies, Llp Ambassador Former
The Foreign Service, Inc. Former
Foreign Affairs Secretary Former
Georgetown University Doctorate In Humanities Former
Middlebury College Doctorate Former
Georgetown University Bachelor of Science Former

From 1992 until his retirement in 1998, Mr. Maloney was President and Chief Executive Officer of Dataproducts Corporation, which designs, manufactures and markets printers and supplies for computers.

Organization Position Status
Occidental Petroleum Corporation Board Director Current
Occidental Petroleum Corporation Compensation Committee Member Current

Formerly President and Chief Operating Officer of NOVA Chemicals and Senior Vice-President of NOVA Corporation, John was responsible for all of NOVA's investments and operations in hydrocarbon feedstock supply, petrochemicals and thermoplastics products. He established NOVA as a leader in plant reliability, utilization rates, occupational health and safety, and environmental performance in North America. In addition to his responsibilities at Kemex, John is President and CEO of Matrix Solutions Inc., providing environmental services to the upstream oil and gas industry. John is currently on the Board of Directors for Occidental Petroleum Corp., Fort Chicago Energy Partners LP, and Alliance Pipeline Ltd.

Organization Position Status
Matrix Solutions Inc. CEO Current
Matrix Solutions Inc. President Current
Kemex Engineering Services Ltd Partner Current
Kemex Engineering Services Ltd Chairman Current
Occidental Petroleum Corporation Board Director Current
Occidental Petroleum Corporation Executive Committee Member Current
Organization Position Status
Muirfield Capital Management, LLC Chairman Current
Occidental Petroleum Corporation Board of Directors Current
Republic Property Trust Board of Directors Current
Metromedia International Group, Inc. Director Current
NYSE Group, Inc. Director Former
NYSE Group, Inc. Vice Chairman Former
AXA Financial, Inc. Director Former
Harvard Business School Master of Business Administration Former
University of the Witwatersrand MSc Former
Columbia University member Former
Occidental Petroleum Corporation member Former
Organization Position Status
The Ryland Group, Inc. Chief Executive Officer Current
Phbca Chairman, President and Chief Executive Officer Current
The Ryland Group, Inc. Chairman Current
Loyola Marymount University Chairman of the Board Current
Occidental Petroleum Corporation Board of Directors Current
Occidental Petroleum Corporation Audit Committee Member Current
California Business Roundtable Member Current
The Ryland Group, Inc. President Former
Loyola Marymount University Bachelor's Degree In Accounting Former
Organization Position Status
National Hockey League Co-Owner Current
Sean John Clothing, Inc. Part Owner Current
National Urban League Trustee Current
The Carter Center Trustee Current
D.A.R.E Chairman of the Board Current
Cafemom Chairman, Yucaipa Companies Current
University of California, Los Angeles Co-Chairman of the Burkle Center for International Relations Former
KB Home Director Current
Yahoo! Inc. Board of Directors Current
Occidental Petroleum Corporation Director Current
The Yucaipa Companies Founder Former
The Yucaipa Companies Chairman & Managing Partner Former
Golden State Foods Distributor Former
Food 4 Less Chairman Former
Fred Meyer, Inc. Chairman Former
Dominick's Chairman Former
Golden State Foods Chairman Former
Alliance Entertainment Chairman Former
Organization Position Status
Hoover Institution Current
ICx Technologies, Inc. Board of Directors Current
Occidental Petroleum Corporation Board of Directors Current
Occidental Petroleum Corporation Compensation Committee Member Current
The Federalist Society Founder Former
United States Department of Energy Secretary of Energy Former
State of Michigan United States Senator Former
Michigan Republican Party Chairman Former
Energy Limited Secretary Former
Harvard Law School Jd Former
Harvard University Degree Former
Organization Position Status
Public Broadcasting Service Trustee Current
Sundance Institute Trustee Current
The Samuel H. Kress Foundation Trustee Current
Los Angeles County Museum of Art Trustee Current
Los Angeles County Museum of Art Chairman Current
Maguire Properties, Inc. Director Current
The Samuel H. Kress Foundation Vice Chairman Current
Public Broadcasting Service Board of Directors Current
Occidental Petroleum Corporation Director Current
Jet Propulsion Laboratory Member of the Institute's Oversight Committee Current
Occidental Petroleum Corporation Dividend Committee Member Current
Tenet Healthcare Corporation Former
Sundance Institute Chairman Former
Stanford Law School Juris Doctor Degree Former
Stanford University Bachelor's Degree Former
Organization Position Status
Occidental Petroleum Corporation Environmental Committee Member Current
Lehigh University Visiting Professor of Management Former
Occidental Petroleum Corporation Board Director Former
Organization Position Status
University of California, Los Angeles (UCLA) Foundation Board of Directors Current
Occidental Petroleum Corporation Environmental Committee Member Current
Southern California University Former
Occidental Petroleum Corporation Governance Committee Chairman Former
Occidental Petroleum Corporation Board Director Former
Occidental Petroleum Corporation Audit Committee Vice Chairman Former

Executive News

  • Occidental to Seek Other Iraq Options If Initial Bidding Fails

    Los Angeles Times - 6/25/09 - View Story

  • Motorola Co-CEO Tops Pay Survey

    The Wall Street Journal Interactive Edition - 6/19/09 - View Story

  • An NHL season to remember

    Los Angeles Times - 6/14/09 - View Story

  • Mario Lemieux looking for another Stanley Cup title

    Los Angeles Times - 5/31/09 - View Story

  • Mario Lemieux looking for another Stanley Cup championship

    Los Angeles Times - 5/30/09 - View Story

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     OXY $28.67 -36.51 (-56.01% )
Average Volume 7,006,840
Shares Outstanding 810.58M
Market Cap 23.2B
Year High 89.18
Year Low 25
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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