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Vicki Hollub

President, Chief Executive Officer & Director, Occidental Petroleum

Search every verified Vicki Hollub interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Vicki Hollub, who recently retired as president and CEO of Occidental Petroleum while remaining on its board, discussed her transition and the company's carbon capture work at the 2026 KBH Energy Center Symposium. She said that stepping down from the CEO role has allowed her to spend more time with family, and she described Occidental's CO2 enhanced oil recovery operations as a way to both improve the environment and help other companies reduce their footprints. Hollub also predicted that U.S. oil production could peak between 2027 and 2030, potentially making the country a net importer by 2035 to 2040, and she argued that CO2-based enhanced oil recovery could add 50 to 70 billion barrels of reserves. During Occidental's Q4 2024 earnings call, Hollub emphasized the importance of the 45Q tax credit for developing direct air capture technology, stating that the company had been in discussions with members of Congress and new cabinet members about the business case for such projects. She noted that Occidental's strategy regarding its Stratos and King Ranch direct air capture facilities had not changed, and she expressed optimism about reducing costs faster than originally expected.

Recent appearances

Notable quotes

“We expect that we could hit peak production in the United States between 2027 and 2030. And that peak production then, what we'll end up doing with that is probably becoming a net importer in the 2035 to 2040 range, and net significant importer. And what that means for us is we feel like for the energy independence of the United States, we now have to play our role, and we have to play our role stronger, and that is ”

“What really drove our big strategic moves was the fact that we owned significant CO2 enhanced oil recovery projects in the Permian Basin. And I remember I was working in the Rockies trying to grow a business in the Rockies when I was asked by the company to go work in the Permian. And I thought, 'Permian, man, that's kind of been around for a while. What more is there to do there?' And then when I got there and start”

“What our model and other models that have been generated by third party sources show is that the you know forgetting about the wars and all that those impacts that the US would would get to peak supply of oil between 2027 and 2030 that peak number would be about 15 million barrels a day. We're at about 13.7 now. So we will hit a peak in the US. that peak will start to that means our production will start to decline a”

“I believe we are. We're a net exporter of oil, but we um well, we're net importer of oil, I should say it like that, but a net exporter of oil plus products. Uh so that's why we are energy independent and why I view it to be that way. In addition to that, if we were to if if we were get to get into a situation where we could not import any oil, our shell industry would have the capability to ramp up very quickly to g”

“Europe should have come in and helped. Europe needs oil. Europe is very dependent on oil but they have no uh rational and reasonable strategy around not only getting gas into Europe but are getting oil either. um this I think the war would end a lot sooner had we had NATO and um and the Europeans helping with the the situation because we absolutely cannot live with an Iran regime that u that is developing nuclear wea”

“Oil is a global commodity and that's why we feel the impact here too but mostly in the United States. Um but what what the situation is is normally between international prices if you use Brent normally Brent is a higher price than our domestic production which is WTI normally that's the the measure we use. So normally we do have less expensive oil here in the United States. And if you go back and look at 2010, in 20”

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