Occidental Petroleum Names Vicki Hollub as First Female CEO of Major Oil Company

Occidental Petroleum (OXY) has named Vicki Hollub as its new CEO, making her the first female CEO of a major U.S. oil company. Hollub is a thirty three year veteran at Occidental and previously led development and expansion of wells in Texas and across the U.S. The Houston based oil and gas company announced that Hollub will succeed CEO Stephen Chazen who is set to retire in 2016. Hollub will continue to serve as president of Occidental's oil and gas operations during the transition period. Occidental's latest earnings were in line with analyst expectations as the company managed to increase oil production despite slumping oil prices.