Dr. Ray R. Irani has had a significant impact on Occidental Petroleum Corporation, where he served as CEO from 1990 to 2011 and then as Executive Chairman until 2013. He opened doors in the Middle East, securing strategic agreements that...
Dr. Ray R. Irani has had a significant impact on Occidental Petroleum Corporation, where he served as CEO from 1990 to 2011 and then as Executive Chairman until 2013. He opened doors in the Middle East, securing strategic agreements that helped Occidental become one of the largest oil and gas companies in the U.S. During his time, the company grew substantially, even while he focused on keeping debt low, which paid off during tough economic times. Notably, in 2009, he earned nearly $97.4 million—reflecting the company's strong performance that year. His leadership style was all about tying his compensation to company success, ensuring his goals aligned with shareholders. Dr. Irani is not just a business leader; he holds a PhD in Chemical Engineering from USC, which adds a strong technical background to his leadership. After stepping down, he left a legacy of financial health and strategic growth at Occidental that still influences the company today.