Stephen Chazen’s holdings in Magnolia Oil & Gas show his commitment to the company. At one point, he had significant investments in Occidental Petroleum, where he was previously President and CEO. The transition to Magnolia saw fluctuations, reflecting both market...

Stephen Chazen’s holdings in Magnolia Oil & Gas show his commitment to the company. At one point, he had significant investments in Occidental Petroleum, where he was previously President and CEO. The transition to Magnolia saw fluctuations, reflecting both market dynamics and his strategic decisions. Over the years, he has evolved from being heavily invested in Occidental, where at one point his wealth was tied to up to $11 million in stock awards in 2015, to focusing on Magnolia's growth. His holdings are indicative of his confidence in Magnolia's potential as a rising player in the oil sector.