Occidental (OXY) names Richard Jackson President and CEO, effective June 1st, 2026

Occidental's appointment of Richard Jackson as President and CEO suggests a potential shift in strategy or direction for the company.

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Al Jazeera sources say Tehran submitted new proposal yesterday, but source "added nuclear negotiations will not succeed under these circumstances, and it is likely that the focus will be on ending the war."

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Occidental (OXY) names Richard Jackson President and CEO, effective June 1st, 2026

Iranian state-run IRNA confirms text of proposal was delivered Thursday

[MARKET UPDATE] Risk on trade seen after Axios runs the news about Iran delivering its response, initially reported by Iranian journalist Massoumi; ES rose from 7,254 to 7,272 before trimming towards 7,265 while Brent fell USD 1.20/bbl before paring

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Given the timing set for June 2026, it may indicate preparation for long-term initiatives, which could be important for investor sentiment and could influence market positioning within the integrated oil & gas sector.

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