Leadership named for Oxy California independent spinoff

Occidental Petroleum Corp. has appointed Todd A. Stevens as president and chief executive officer and William E. Albrecht as executive chairman of its independent spinoff California Resources Corp. (CRC).

The spinoff, formation of which was first reported in February, will be an oil and natural gas exploration and production company focused on conventional and unconventional assets exclusively in California, where it will hold 2.3 million net acres (OGJ Online, Feb. 14, 2014).

Stevens, a 19-year veteran of Oxy, has served as vice-president, corporate development, since August 2012, overseeing mergers and acquisitions, land management, and worldwide exploration. During 2008-12, he served as vice-president, acquisition and corporate finance, and vice-president, California operations.

Albrecht joined the company in 2007 as vice-president, California operations, and has been president of Occidental Oil & Gas-Americas, and vice-president of Oxy since 2011. He was responsible for Oxy’s operations in North and South America, including its health, environment, and safety; government relations; and social responsibility activities.

Oxy says it will determine CRC’s board at a later date.

Related Articles

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

MARKET WATCH: Crude oil futures end trading session higher in New York

08/29/2014

Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

EIA: US sees lowest pre-Labor Day gasoline prices in 4 years

08/29/2014 US retail prices for regular gasoline averaged $3.45/gal on Aug. 25, which was lowest price on a Monday preceding the Labor Day holiday in the US s...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected