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Peterson

Peterson

New Occidental CFO

Occidental Petroleum has named company insider Robert Peterson as its new chief financial officer.

The appointment, effective immediately, comes when the shale producer is struggling with a massive $40 billion debt load from its purchase of rival Anadarko Petroleum, an ill-timed bet on rising oil prices. Peterson, 49, has served in various positions at the company and was most recently senior vice president in Occidental's Permian enhanced oil recovery business.




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