It’s official: Occidental Petroleum brings former CEO back as chairman

Houston-based Occidental Petroleum Corp. (NYSE: OXY) announced March 24 that former CEO Stephen I. Chazen has been named chairman of its board of directors.

Chazen currently is chairman and CEO of Houston-based Magnolia Oil and Gas Corp. (NYSE: MGY), which he founded in 2018. In Occidental’s press release, Chazen noted that leading Magnolia would remain his primary focus, and he will not serve as an employee or executive of Occidental in any way, either interim or permanent.

“It should be noted…

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