LOS ANGELES, April 16, 2008 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that John W. Morgan, Executive Vice President, and President of Oxy Oil and Gas, Western Hemisphere, has elected to retire after almost 25 years of service with the company.
Commenting on Mr. Morgan's retirement, Oxy Chairman and Chief Executive Officer, Dr. Ray R. Irani said, "During his career, John has made substantial contributions to the profitable growth of our oil and gas business, and our success in shared services and asset realignment. As he retires to devote his time to family business matters, we thank him and wish him well in retirement."
Between now and year-end, Mr. Morgan will continue as an Occidental Petroleum Corporation Executive Vice President responsible for special assignments. Occidental organizations currently reporting to Mr. Morgan will be realigned within the company and will be the subject of a separate announcement.
About Oxy
Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on equity market capitalization. Oxy's wholly owned subsidiary, OxyChem, manufactures and markets chlor-alkali products and vinyls. Occidental is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of social responsibility in all of the company's worldwide operations.