Full-Time

Manager Capital Projects

Posted on 9/16/2025

Occidental Petroleum

Occidental Petroleum

10,001+ employees

Oil, gas production; carbon management focus

No salary listed

La Porte, TX, USA

In Person

Category
Architecture & Civil Engineering (2)
,
Required Skills
SAP Products
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • B.S. in Engineering with 10+ years of project engineering experience, including a minimum of 5 years in a chemical or petro-chemical plant
  • Must be able to develop strong relationships with project sponsors, outside engineering, construction and equipment supply firms
  • Must be capable of handling multiple assignments and leading technical staff with projects ranging in size from $25K to $10MM, with an annual budget up to $30MM and an active portfolio of up to $80MM
  • High proficiency in SAP and Microsoft applications (Word, Excel, PowerPoint, Projects and Outlook)
  • Field experience with installation of chemical plant equipment
  • Excellent written and verbal communications skills. Ability to read, write and speak in English
  • Excellent interpersonal skills including the ability to work as part of a team
  • Ability to work weekends and holidays and respond to callouts or off-hour emergencies on a non-routine basis
  • Physical requirements – Must be able to lift 40 lbs., climb ladders and stairs. Walking, bending, stooping is required. Must be able to wear personal protective equipment. Must be able to respond to visual and audible alarms.
Responsibilities
  • Maintain protection of the environment and the health and safety of our employees, customers, and the communities in which we operate and/or transport our products, as our highest priority
  • Prepare and administer capital programs, methods, systems, and practices for reducing costs and improving safety, productivity, reliability, and employee and plant efficiency
  • Execute approved capital projects to ensure safe, timely, and economical completion in accordance with AFE requirements. Acts as the liaison with Operations. Oversees projects, coordinates the work of required engineering disciplines, provides cost control and prepares project procedures
  • Responsible for the project engineering, design and capital construction groups and all project forecasting, scheduling, estimating, and reporting
  • Oversees the project development and implementation efforts which includes coordinating design functions, specifying, requisitioning and expediting project elements, approving purchase requisitions, reviewing vendor information and maintaining project documentation
  • Communicates any design and technical issues to technical and non-technical functions through reports, memos, design documents and presentations in a manner that is concise, factual and effective
  • Maintains overall responsibility for prioritizing, development and execution of annual capital budget and allocation of funding. Ensures capital spending is within +/- 2% of allotted budget
  • Recommends action to improve the quality of the engineering, design and construction functions, working on new engineering methods and giving technical seminars and training programs. Responsible for developing capital team members to increase bench strength of team and to ensure they are successful in role
  • Ensures all project management tasks are maintained including, but not limited to, routine project updates and forecasts, project cost control, maintaining project documentation, and project close-out and archive
  • Responsible for ensuring all projects stay within their approved budget of +10/-5% estimate.

Occidental Petroleum (Oxy) is a global energy company that produces oil and natural gas and also works in carbon management and renewable energy. It operates by extracting and selling energy products to a worldwide customer base, while continuously investing in technology to lower costs and reduce environmental impact. Its operations span the United States, Middle East, Africa, and Latin America, and the company runs renewable projects such as a solar facility in the Permian Basin to support its energy mix. Compared with rivals, Oxy differentiates itself through its focus on environmental, social, and governance (ESG) metrics, low-cost operations, and the use of renewable energy and carbon-management initiatives to improve efficiency and reduce emissions. The company’s stated goal is to achieve net zero emissions from its operations by 2040 and net zero emissions from the use of its products (end-use) by 2050.

Company Size

10,001+

Company Stage

IPO

Headquarters

Houston, Texas

Founded

1920

Simplify Jobs

Simplify's Take

What believers are saying

  • Rapid deleveraging to $13.3 billion debt enables shareholder returns acceleration.
  • Jackson's CEO appointment brings international operational expertise for disciplined capital allocation.
  • Gulf of America production up 5.1% YoY with $250M expansion planned.

What critics are saying

  • Jackson's background in traditional oil operations, not low-carbon technology commercialization.
  • Oil below $55/barrel compresses free cash flow 30-40%, threatens deleveraging.
  • Carbon management business remains pre-revenue with unproven unit economics at scale.

What makes Occidental Petroleum unique

  • Permian Basin dominance with $35-40/barrel breakeven cost advantage.
  • Integrated three-pillar model: upstream, OxyChem chemicals, low-carbon ventures.
  • CO2-enhanced oil recovery monetizes carbon while increasing production simultaneously.

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Benefits

Professional Development Budget

Conference Attendance Budget

Company News

Yahoo Finance
Apr 3rd, 2026
Occidental Petroleum CEO retires as firm pivots to carbon management and debt reduction

Occidental Petroleum has announced CEO Vicki Hollub's retirement, with Richard Jackson taking over as the company shifts focus towards carbon management and balance sheet transformation. The leadership change follows the sale of OxyChem, refocusing the firm on core energy and low-carbon businesses. The transition comes as Occidental emphasises carbon management alongside financial discipline. At $62.97, shares trade roughly 3% above the $60.88 analyst target, though analysts suggest they remain 45.5% below estimated fair value. Key investor considerations include capital allocation following the OxyChem sale and spending balance between low-carbon projects and traditional oil and gas. The company carries high debt levels, with profit margins declining from 9.8% to 6.3%, making Jackson's execution on leverage and profitability crucial.

Yahoo Finance
Mar 27th, 2026
Occidental Petroleum hits 52-week high as CEO Vicki Hollub to retire after four decades

Occidental Petroleum has raised $120 million in a Series C round led by Ribbit Capital, valuing the company at $1.45 billion. Sequoia and Kleiner Perkins participated, with Emerson Collective joining as a new backer. The pre-revenue company is developing "Mathematical Superintelligence", an AI system focused on advanced reasoning that claims to eliminate hallucinations by requiring outputs in Lean4 programming language, which can be verified for correctness. Its flagship model, Aristotle, achieved top-level performance at the International Mathematical Olympiad in July. Founded in 2023, Harmonic has now raised $295 million across three funding rounds in 14 months. The company currently offers Aristotle via a free API and plans to commercialise in safety-critical industries like aerospace and finance.

Yahoo Finance
Mar 20th, 2026
Occidental up 15.6% since last earnings despite revenue miss, production rises

Occidental Petroleum reported fourth-quarter 2025 earnings of 31 cents per share, beating the Zacks Consensus Estimate of 19 cents by 63.2%, though down 61.3% year over year. Total revenues of $5.42 billion missed estimates by 7.8% and declined 5.2% year over year. Total production volume was 1,481 thousand barrels of oil equivalent per day, exceeding the company's guided range. Shares have risen 15.6% since the last earnings report, outperforming the S&P 500. Occidental strengthened its balance sheet by completing the OxyChem sale on 2 January 2026, reducing debt by $5.8 billion and bringing principal debt to $15 billion. Strong fourth-quarter production was driven by robust contributions from Permian assets, with Gulf of America volumes up 5.1% year over year.

Yahoo Finance
Mar 11th, 2026
Occidental boosts debt tender to $1.2B and removes covenants on 2031 notes

Occidental Petroleum has completed a heavily subscribed cash tender offer, increasing its purchase cap from $700 million to $1.20 billion for several series of senior notes and debentures. The company paired the enlarged tender with consent solicitations that removed covenants and shortened redemption notice on its 6.125% 2031 Notes. The move represents a step towards simplifying Occidental's debt structure and increasing financial flexibility. The company recently raised its quarterly dividend to $0.26 per share, demonstrating how management is allocating cash between shareholders and creditors. Whilst the debt tender and covenant changes appear incremental rather than transformative, investors should monitor oil price volatility and leverage risks. Analysts project mixed outlooks, with some forecasting revenue declining to around $26.2 billion by 2028.

Yahoo Finance
Mar 5th, 2026
Buffett's Occidental Petroleum rises 18% despite falling oil prices and $5.8B OxyChem sale

Occidental Petroleum rose 18.07% to $53.68 over the past year, outperforming despite falling oil prices. The company beat earnings estimates every quarter in 2025, with Q3 delivering a 29.90% EPS beat at $0.64 against consensus of $0.49. The transformative development was Occidental's sale of OxyChem to Berkshire Hathaway for $5.8 billion, which closed in January 2026 and enabled significant debt reduction to $15 billion. Full-year 2025 EPS reached $2.21 on revenue of $22.4 billion. Shares recently surged 6% on US-Iran tensions and Strait of Hormuz supply concerns. However, the consensus analyst target price of $51.88 suggests the stock is slightly overvalued at current levels, with 16 Hold, six Buy and four Sell ratings.

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