Stephen I. Chazen

Occidental Petroleum announces subsidiary leadership

Occidental Petroleum announces subsidiary leadership

A little more than a month after filing documents to spin off its California operations, Occidental Petroleum Corp. has named the leadership team for its proposed subsidiary.

The longtime Los Angeles company announced in February that it was moving its headquarters to Houston and would spin off its California operations and assets into a separate publicly traded company. In early June, the new subsidiary filed documents with the U.S. Securities and Exchange Commission with the name California Resources Corp.

Occidental Petroleum appointed Todd A. Stevens president and chief executive of California Resources, the parent company announced Thursday. Stevens, who has served as...

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