Stephen Chazen Biography and Net Worth

Stephen I. “Steve” Chazen is Chairman, President and Chief Executive Officer of Magnolia Oil and Gas Corporation.  Mr. Chazen was elected as Chairman of the Board of Occidental Petroleum in March 2020.

Mr. Chazen retired as Chief Executive Officer of Occidental in April 2016. He began his career at Occidental in 1994 as Executive Vice President Corporate Development.  He was named Chief Financial Officer in 1999 and served as Chief Financial Officer until 2010. Mr. Chazen was appointed President of Occidental in 2007.  He was then named Chief Operating Officer in 2010 before being appointed Chief Executive Officer in May 2011.  He was elected to the Board of Directors in 2010.  Before joining Occidental, Mr. Chazen was Managing Director in Corporate Finance and Mergers and Acquisitions at Merrill Lynch.  He worked as Director of Project Evaluation and Reservoir Engineering at Columbia Gas Development Corporation from 1977 to 1982.  He began his career with Northrop Corporation in 1973 as a Laboratory Manager at the Johnson Space Center.

Mr. Chazen is a former Chairman of the Board of the American Petroleum Institute and the Catalina Island Conservancy.  Mr. Chazen was appointed to the University of Houston System Board of Regents in 2018 and serves on the Advisory Board at Rice University's Baker Institute for Public Policy.   He is a Director of Houston Methodist Institute for Academic Medicine, the Williams Companies and the National Park Foundation.

Mr. Chazen holds a Ph.D. in Geology from Michigan State University, a master's degree in Finance from the University of Houston, and a bachelor's degree in Geology from Rutgers College.