Occidental Petroleum Corp. named Robert Peterson to serve as CFO, replacing Cedric Burgher who will “transition to another role within the company,” a filing on April 3 said.
Peterson has worked in various roles at Occidental since joining the Houston-based independent oil and gas company in 2014. He most recently led Occidental’s Permian EOR business as senior vice president since September 2019.
The company did not provide a reason for the leadership change. The CFO transition marks the second major management change at Occidental in recent weeks. A proxy filing earlier this week revealed that senior vice president Oscar Brown, one of the key figures in the Anadarko Petroleum deal, left in March, according to a report by Reuters.
RELATED:
Occidental CFO Talks Anadarko Saga, Rebuffs Sheffield Criticism
Burgher had served as Occidental’s CFO since 2017 when he joined the company from EOG Resources Inc.
Reuters contributed to this report.
Recommended Reading
Deep Well Services, CNX Launch JV AutoSep Technologies
2024-04-25 - AutoSep Technologies, a joint venture between Deep Well Services and CNX Resources, will provide automated conventional flowback operations to the oil and gas industry.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
TotalEnergies, Vanguard Renewables Form RNG JV in US
2024-04-24 - Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.
Ithaca Energy to Buy Eni's UK Assets in $938MM North Sea Deal
2024-04-23 - Eni, one of Italy's biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca's share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group.