Vicki Hollub News

The Oil and Gas Climate Initiative (OGCI) announced three new member companies that together represent 5% of global oil and gas production as it welcomed Chevron Corporation, Exxon Mobil Corporation, and Occidental Petroleum.The three new companies will become official members of OGCI as of September 24, 2018.With these additions, OGCI members now represent around 30% of global oil and gas production and supply close to 20% of global primary energy consumption. The 13 member companies represent regions including China, the Middle East, Latin America, Europe and now the United States, widening OGCI’s global reach and making its members’ collaborative effort in support of the Paris Agreement…

Occidental Petroleum Corp told regulators on Friday that a top executive, Willie Chiang, has suddenly quit - a month after Vicki Hollub was picked to eventually replace Chief Executive Steve Chazen. Hollub, a longtime Occidental employee, will become the first woman to head a major U.S. oil company. That is expected to occur next year. Chiang was the company's executive vice president, operations, and had reported directly to Chazen. An Occidental spokesperson was not immediately available for comment.  (Reporting By Terry Wade and Anna Driver; Editing by Bernard Orr)