Stephen I. Chazen was born in 1946. He earned a bachelor’s degree in Geology from Rutgers College. Stephen obtained a master’s degree in Finance from the University of Houston and later earned a Ph.D. in Geology from Michigan State University.
Stephen became a Managing Director in Corporate Finance and Mergers and Acquisition at Merrill Lynch. He then joined Occidental Petroleum in 1994 as Executive Vice President for Corporate Development a position he held until 1999 when he became Chief Financial Officer as well as Executive Vice President for Corporate Development. In 2004 Stephen became Chief Financial Officer and Senior Executive Vice President.
He became the President and Chief Financial Officer in 2007. Then in 2010 he was appointed as President and Chief Operating Officer. Stephen became President and Chief Executive Officer of Occidental Petroleum Corporation in May 2011.
Since joining Occidental, Stephen has recommended and implemented the company’s acquisition and divestiture strategy which has been a key factor in Occidental’s transformation into a major oil and gas company. He has been a successful executive in the financial services industry and this financial and management expertise along with his over 30 years experience in the oil and gas industry has enabled him to make valuable and significant contributions to Occidental.
It has been stated that according to a study by the Graziadio School of Business and Management at Pepperdine University, under his leadership, Occidental earned $3.4 billion in economic profit in 2011, and increase of $1.6 billion from 2010, making him the most value-generation business leader in Southern California.
Stephen was a previously a member of the Board of Directors of Washington Mutual, Inc. He is the Chairman of the American Petroleum Institute’s Board of Directors and serves on the Boards of Aquarium of the Pacifica and Catalina Island Conservatory.
Occidental Petroleum Corporation is an international oil and gas exploration and production company, and its OxyChem subsidiary is a major North American chemical manufacturer. The company in 2013, earned net income of $5.9 billion.
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