Occidental Petroleum Corp. (NYSE: OXY) appointed Cedric W. Burgher as CFO, replacing Chris Stavros who is retiring, the Houston company said May 31.
Burgher has more than 30 years of experience leading CFO, financial and investor functions at a number of global companies, according to the company release. He most recently served as a senior vice president of EOG Resources Inc. (NYSE: EOG), where he led investor relations and reported directly to the CEO.
“Cedric has tremendous financial leadership experience at some of our industry’s most respected firms and we look forward to his contributions at Occidental,” Vicki Hollub, Occidental's president and CEO, said in a statement. “He is uniquely qualified to strengthen our ability to deliver industry-leading results while executing our financial strategy of low capital intensity, returns-focused investments and consistent, annual dividend growth.”
Burgher is a chartered financial analyst and holds a BBA from the University of Texas at Austin and an MBA from the University of Dallas.
Recommended Reading
Civitas Adds Former EOG Exec Lloyd Helms to Board
2025-02-26 - In conjunction with its recent $300 million Midland Basin bolt-on, Civitas Resources has increased its board to 10 directors.
Rising Phoenix Capital Launches $20MM Mineral Fund
2025-02-05 - Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Equinor Commences First Tranche of $5B Share Buyback
2025-02-07 - Equinor began the first tranche of a share repurchase of up to $5 billion.
Chevron Makes Leadership, Organizational Changes in Bid to Simplify
2025-02-24 - Chevron Corp. is consolidating its oil, products and gas organization into two segments: upstream and downstream, midstream and chemicals.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
2025-03-04 - Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.