Occidental Petroleum Board Elects Eugene L. Batchelder Chairman
May 01 2015 - 1:37PM
Business Wire
Occidental Petroleum Corporation (NYSE:OXY) announced today that
its Board of Directors elected Eugene L. Batchelder non-executive
Chairman, succeeding Ambassador Edward P. Djerejian, who has
retired from the Board.
Mr. Batchelder, 67, joined the Board as an independent director
in 2013, and has been serving as a member of the Audit;
Environment, Health and Safety; and Management Succession and
Talent Development committees. He has more than 40 years of
experience in the energy industry, including two decades in senior
management, most recently at ConocoPhillips, where he served until
his retirement in 2012.
“Gene’s energy industry experience and in-depth knowledge of key
corporate issues, including financial management, succession
planning, and compensation and benefits will benefit Occidental and
our shareholders. I look forward to continuing to work with Gene
and the full Board in the coming year,” said Stephen I. Chazen,
President and Chief Executive Officer.
“I join the Board in extending our deepest appreciation to Ed
for two decades of dedicated service to Occidental. It has been a
great privilege to work with him. Ed’s leadership during the past
two years as Chairman and counsel during his tenure on the Board
have been invaluable in creating shareholder value and positioning
the company for future success,” said Mr. Chazen.
About Occidental
Petroleum
Occidental Petroleum Corporation is an international oil and gas
exploration and production company with operations in the United
States, Middle East region and Latin America. Headquartered in
Houston, Occidental is one of the largest U.S. oil and gas
companies, based on equity market capitalization. Occidental’s
midstream and marketing segment gathers, processes, transports,
stores, purchases and markets hydrocarbons and other commodities in
support of Occidental’s businesses. The company’s wholly owned
subsidiary OxyChem manufactures and markets chlor-alkali products
and vinyls.
Occidental Petroleum CorporationMedia:Melissa E.
Schoeb713-366-5615melissa_schoeb@oxy.comorInvestors:Christopher M.
Degner212-603-8111christopher_degner@oxy.com
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