Oil Industry in Transition

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It’s been quite a tumultuous year for the oil and gas industry, from a historic pandemic that sent oil prices crashing to growing pressure and urgency for companies to align their strategies with the world’s escalating climate ambitions. Occidental Petroleum is one of those companies, which has faced those challenges and more, including how to manage the high profile acquisition of Anadarko shortly before the pandemic struck.

In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by the person navigating Occidental Petroleum through this period, its CEO, Vicki Hollub, who has been CEO since 2016. Vicki recently said Oxy would become not just an oil company but a carbon management company, and Jason asked her about that and more when they spoke a few days ago in front of a live virtual audience at the annual Climate Science and Investment Conference hosted by the Columbia Climate School and the Tamer Center for Social Enterprise at Columbia Business School.

During her 35-year career with Occidental, Vicki has held a variety of management and technical positions on three continents. Vicki started her career working on oil rigs in 1981, after graduating from the University of Alabama. She’s the most senior woman in the oil and gas sector and was the first woman to head a major American oil company.

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