Occidental nears deal with activist Icahn on proxy battle: source

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Occidental Petroleum (OXY) Reports Election of Stephen I. Chazen as Board Chairman

March 24, 2020 8:08 AM EDT

Occidental Petroleum Corporation (NYSE: OXY) announced today that Stephen I. Chazen, the Chairman and Chief Executive Officer of Magnolia Oil and Gas Corporation, effective March 18, 2020, has been elected to its Board of Directors as Chairman of the Board.

Mr. Chazen has more than 30 years of experience in the oil and gas industry. Prior to founding the NYSE listed Magnolia Oil and Gas Corporation in 2018, Mr. Chazen served as Chief Executive Officer of Occidental from 2011 to his retirement in 2016 and as a director from 2010 to 2017.

"We are delighted to welcome Steve... More