Vicki Hollub - Revision history

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Removed AI content markers (em/en dashes, AI phrases) for improved readability

← Older revision		Revision as of 07:55, 22 December 2025
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	\| alma_mater = University of Alabama		\| alma_mater = University of Alabama
	\| occupation = Business Executive, Petroleum Engineer		\| occupation = Business Executive, Petroleum Engineer
	\| years_active = ~~1981–present~~		\| years_active = 1981-present
	\| employer = [[Occidental Petroleum\|Occidental Petroleum Corporation]]		\| employer = [[Occidental Petroleum\|Occidental Petroleum Corporation]]
	\| organization = Occidental Petroleum Corporation		\| organization = Occidental Petroleum Corporation
	\| title = President and Chief Executive Officer		\| title = President and Chief Executive Officer
	\| term = April 2016 – present		\| term = April 2016 - present
	\| predecessor = Stephen Chazen		\| predecessor = Stephen Chazen
	\| board_member_of = Occidental Petroleum Corporation<br>[[Lockheed Martin]] Corporation<br>American Petroleum Institute		\| board_member_of = Occidental Petroleum Corporation<br>[[Lockheed Martin]] Corporation<br>American Petroleum Institute
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	=== Education ===		=== Education ===

	'''University of Alabama (~~1977–1981~~):'''		'''University of Alabama (1977-1981):'''
	Hollub attended the [[University of Alabama]], earning a Bachelor of Science degree in Mineral Engineering with a concentration in fuels and mineral resources in 1981.<ref name="education">[https://business.rice.edu/person/vicki-hollub Vicki Hollub - Rice Business], Rice University</ref>		Hollub attended the [[University of Alabama]], earning a Bachelor of Science degree in Mineral Engineering with a concentration in fuels and mineral resources in 1981.<ref name="education">[https://business.rice.edu/person/vicki-hollub Vicki Hollub - Rice Business], Rice University</ref>

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	== Career ==		== Career ==

	=== Cities Service / Early Occidental (~~1981–2012~~) ===		=== Cities Service / Early Occidental (1981-2012) ===

	'''Starting on oil rigs (1981):'''		'''Starting on oil rigs (1981):'''
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	* '''Ecuador:''' South American operations		* '''Ecuador:''' South American operations

	=== Executive roles (~~2012–2016~~) ===		=== Executive roles (2012-2016) ===

	'''Executive Vice President, California Operations (~~2012–2013~~):'''		'''Executive Vice President, California Operations (2012-2013):'''
	From 2012 to 2013, Hollub was Executive Vice President of Occidental's California operations.		From 2012 to 2013, Hollub was Executive Vice President of Occidental's California operations.

	'''VP and EVP, U.S. Operations (~~2013–2014~~):'''		'''VP and EVP, U.S. Operations (2013-2014):'''
	In October 2013, she was named both Vice President of Occidental Petroleum and Executive Vice President of U.S. Operations for Oxy Oil and Gas.		In October 2013, she was named both Vice President of Occidental Petroleum and Executive Vice President of U.S. Operations for Oxy Oil and Gas.

	'''President, Occidental Oil & Gas Americas (~~2014–2015~~):'''		'''President, Occidental Oil & Gas Americas (2014-2015):'''
	From 2014 to May 2015, she served as Executive Vice President of Occidental Petroleum and President of Occidental Oil & Gas Corp in the Americas, with oversight of Latin American operations and worldwide exploration.		From 2014 to May 2015, she served as Executive Vice President of Occidental Petroleum and President of Occidental Oil & Gas Corp in the Americas, with oversight of Latin American operations and worldwide exploration.

	=== CEO (April ~~2016–present~~) ===		=== CEO (April 2016-present) ===

	In May 2015, Occidental's board of directors selected Hollub to succeed retiring CEO Stephen Chazen. She assumed the role of President and CEO in April 2016, becoming the first woman to lead a major American oil company.<ref name="ceo-appointment">[https://www.dallasfed.org/fed/councils/energy/hollub Vicki Hollub - Dallas Fed], Federal Reserve Bank of Dallas</ref>		In May 2015, Occidental's board of directors selected Hollub to succeed retiring CEO Stephen Chazen. She assumed the role of President and CEO in April 2016, becoming the first woman to lead a major American oil company.<ref name="ceo-appointment">[https://www.dallasfed.org/fed/councils/energy/hollub Vicki Hollub - Dallas Fed], Federal Reserve Bank of Dallas</ref>
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	'''Corporate boards:'''		'''Corporate boards:'''
	* Occidental Petroleum Corporation – Board of Directors		* Occidental Petroleum Corporation - Board of Directors
	* [[Lockheed Martin]] Corporation – Board of Directors<ref name="lockheed">[https://www.lockheedmartin.com/en-us/who-we-are/leadership-governance/board-of-directors/vicki-hollub.html Vicki Hollub - Lockheed Martin], Lockheed Martin</ref>		* [[Lockheed Martin]] Corporation - Board of Directors<ref name="lockheed">[https://www.lockheedmartin.com/en-us/who-we-are/leadership-governance/board-of-directors/vicki-hollub.html Vicki Hollub - Lockheed Martin], Lockheed Martin</ref>

	'''Industry organizations:'''		'''Industry organizations:'''
	* American Petroleum Institute – Board of Directors		* American Petroleum Institute - Board of Directors
	* U.S. Secretary of Energy Advisory Board – Chair		* U.S. Secretary of Energy Advisory Board - Chair
	* U.S.-Colombia Business Council – U.S. Chair		* U.S.-Colombia Business Council - U.S. Chair
	* World Economic Forum Oil and Gas Community – Chair		* World Economic Forum Oil and Gas Community - Chair
	* Oil and Gas Climate Initiative – Member		* Oil and Gas Climate Initiative - Member
	* Khalifa University for Science and Technology (Abu Dhabi) – Board Member		* Khalifa University for Science and Technology (Abu Dhabi) - Board Member

	== Recognition and honors ==		== Recognition and honors ==

	* '''National Academy of Engineering''' – Elected 2024, for leadership in energy company management and advocating for carbon management solutions<ref name="nae">[https://engrhof.org/aehofmembers/vicki-a-hollub/ Vicki Hollub - Engineering HOF], Engineering Hall of Fame, 2024</ref>		* '''National Academy of Engineering''' - Elected 2024, for leadership in energy company management and advocating for carbon management solutions<ref name="nae">[https://engrhof.org/aehofmembers/vicki-a-hollub/ Vicki Hollub - Engineering HOF], Engineering Hall of Fame, 2024</ref>
	* '''WPC Dewhurst Award''' (2025) – For leadership and contributions to the energy industry		* '''WPC Dewhurst Award''' (2025) - For leadership and contributions to the energy industry
	* '''Fortune Most Powerful Women''' – Annual recognition		* '''Fortune Most Powerful Women''' - Annual recognition
	* '''University of Alabama Distinguished Engineering Fellow''' (2016)		* '''University of Alabama Distinguished Engineering Fellow''' (2016)

Maintenance script: Comprehensive CEO article: Occidental Petroleum CEO since 2016, first woman to lead major US oil company, Anadarko 7B acquisition, Warren Buffett financing, carbon management leadership, National Academy of Engineering 2024

2025-12-15T13:21:11Z

Comprehensive CEO article: Occidental Petroleum CEO since 2016, first woman to lead major US oil company, Anadarko 7B acquisition, Warren Buffett financing, carbon management leadership, National Academy of Engineering 2024

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Maintenance script: Added Category:Chief_executive_officers

2025-11-18T14:55:29Z

Added Category:Chief_executive_officers

← Older revision		Revision as of 09:55, 18 November 2025
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	[[Category:Occidental Petroleum]]		[[Category:Occidental Petroleum]]
	[[Category:University of Alabama alumni]]		[[Category:University of Alabama alumni]]

			[[Category:Chief_executive_officers]]

Maintenance script: Created CEO article: Occidental Petroleum CEO, first female US oil major CEO, married Glenn Vige, Anadarko acquisition controversy, Buffett-backed

2025-11-04T20:57:13Z

Created CEO article: Occidental Petroleum CEO, first female US oil major CEO, married Glenn Vige, Anadarko acquisition controversy, Buffett-backed

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{{Infobox executive
| name = Vicki Hollub
| birth_date = {{birth date and age|1960|1|1}}
| birth_place = {{flagicon|USA}} Birmingham, Alabama, U.S.
| nationality = {{flagicon|USA}} American
| education = BS Mineral Engineering
| alma_mater = University of Alabama (1981)
| occupation = Occidental Petroleum CEO
| spouse = Glenn Vige (m. 2001)
| net_worth = $20-48 million
| salary = $18.5 million (2024)
}}

'''Vicki Hollub''' (born 1960) is an American petroleum engineer serving as President and CEO of [[Occidental Petroleum Corporation]] since April 2016, making her the first woman to lead a major American oil company. Fortune named her #32 Most Powerful Women in Business (2016). Born in Birmingham, Alabama, she earned a BS in Mineral Engineering from University of Alabama (1981) and started on Mississippi oil rigs with Cities Service (acquired by Occidental 1982), rising through 35+ years to CEO.

Hollub gained fame and controversy for the $38 billion Anadarko Petroleum acquisition in 2019, personally securing Warren Buffett's financing. Activist investor Carl Icahn called it "one of the worst deals I've ever seen" as Occidental assumed $55 billion total debt. The 2020 oil crash (COVID-19 pandemic + Saudi-Russia price war) sent oil to $20/barrel, Occidental stock fell 75%, and Moody's downgraded bonds to junk. However, Hollub vindicated critics by paying off acquisition in 5 years, achieving $58.8B market cap. Buffett's Berkshire Hathaway now owns 28.8% of Occidental (Buffett: "she's running the company the right way"), and bought OxyChem for $9.7B in October 2025. Married Glenn Vige (independent oilman) in 2001, second marriage. Compensation $18.5M (2024).

==Early Life and Career==
Born 1960, Birmingham, Alabama. University of Alabama BS Mineral Engineering (1981). Started 1981 with Cities Service on Mississippi oil rigs. Cities Service acquired by Occidental 1982. Rose through ranks 35+ years to CEO April 2016.

==CEO Leadership==
First woman CEO of major US oil company (2016). Led controversial $38B Anadarko acquisition 2019. Committed Occidental to carbon neutrality (first major oil company with ambitious pledge covering all oil/gas sold).

==Personal Life==
Married Glenn Vige (independent oilman) 2001, second marriage. Alabama Crimson Tide football fan.

==Net Worth & Compensation==
Net worth $20-48M (owns 490,672 Occidental shares). Compensation $18.5M (2024), up from $17.7M (2023). 8.4% salary, 91.6% bonuses/stock/options.

==Berkshire Hathaway Investment==
Warren Buffett's Berkshire owns 28.8% stake (valued $11.9B Oct 2025), plus $8B+ preferred shares paying 8% dividend. Buffett said Hollub "running company the right way" after reading earnings transcript. October 2025: Berkshire bought OxyChem for $9.7B cash (largest Berkshire deal since 2022).

==Controversies==
**Anadarko Acquisition (2019)**: Paid $38B, assumed $46B debt total, snatched from Chevron. No shareholder vote. Carl Icahn called it "one of worst deals ever," said board bought it to save their jobs, borrowed $40B+ at "massive" 65% premium. T. Rowe Price (6th-largest shareholder) criticized.

**2020 Crisis**: $55B debt amid COVID oil crash sent prices to $20/barrel. Stock fell 75%. Moody's downgraded to junk March 2020.

**Vindication**: Paid off acquisition in 5 years, $58.8B market cap, quieted doubters.

[[Category:1960 births]]
[[Category:Living people]]
[[Category:American women CEOs]]
[[Category:Occidental Petroleum]]
[[Category:University of Alabama alumni]]