Margaret M. Foran Elected to Occidental Petroleum Board of Directors

09.12.2010  |  Business Wire

Occidental Petroleum Corporation (NYSE:OXY) today announced that
Margaret M. Foran has been elected to its Board of Directors. Her
election brings the current Oxy Board to 15 members, 13 of whom are
independent outside directors.

Ms. Foran, 56, is Chief Governance Officer, Vice President and Corporate
Secretary of Prudential Financial, Inc. (NYSE:PRU). Prior to joining
Prudential, she was Executive Vice President, General Counsel and
Corporate Secretary at Sara Lee Corporation; Senior Vice President,
Associate General Counsel and Corporate Secretary at Pfizer Inc.; and
Vice President and Assistant General Counsel at J.P. Morgan & Co.

Ms. Foran is a former Director of The MONY Group Inc. and MONY Life
Insurance Company. She served as Co-Chair and a Director of the Council
of Institutional Investors (CII) and is the current Co-Chair of the CII
International Corporate Governance Committee. She is the former Chair of
the American Bar Association Committee on Corporate Governance and
presently sits on the ABA′s Business Council. Ms. Foran is the former
Chair of the Coordinating Committee of the Business Roundtable Corporate
Governance Task Force. Her professional affiliations include the
Standing Advisory Group of the Public Company Accounting Oversight Board
(PCAOB) and the Economic Club of New York. Ms. Foran holds B.A. (Magna
Cum Laude) and J.D. degrees from the University of Notre Dame.

About Oxy

Occidental
Petroleum Corporation is an international oil and gas exploration
and production company with operations in the United States, Middle
East/North Africa and Latin America regions. Oxy is the fourth-largest
U.S. oil and gas company, based on equity market capitalization. Oxy′s
wholly owned subsidiary, OxyChem, manufactures and markets chlor-alkali
products and vinyls. Occidental is committed to safeguarding the
environment, protecting the safety and health of employees and
neighboring communities and upholding high standards of social
responsibility in all of the company's worldwide operations.