Occidental Petroleum Names Stephen Chazen as CEO

Occidental Petroleum (OXY) has promoted Chief Operating Officer Stephen Chazen to the position of CEO, effective next May.

Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement.

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“Steve is a proven leader who has been an integral member of the senior management team for many years, and I am confident that he will continue…