Occidental Petroleum elected Robert “Bob” M. Shearer to its board of directors. Shearer was a former managing director at BlackRock Advisors and has more than 35 years of experience in securities and leading investment management firms. Before retiring from BlackRock in 2017, he was co-head of BlackRock’s Equity Dividend team and a member of the Fundamental Equity Platform within BlackRock's Portfolio Management Group. He was also the portfolio manager for both the BlackRock Equity Dividend Fund and Natural Resources Trust. Previously, he managed the Merrill Lynch World Natural Resources Portfolio for Merrill Lynch Investment Managers, which merged with BlackRock in 2006. Shearer held senior leadership roles at David L. Babson & Company, Concert Capital Management, and Fiduciary Trust Company International. As a senior research officer for Citicorp Investment Management, he focused on the oil industry, including exploration and production, pipelines, and oilfield services. Shearer holds an undergraduate degree in economics from the University of Wisconsin, a master’s degree in international management from the Thunderbird School of Global Management, and an MBA from the University of Wisconsin. He is a Chartered Financial Analyst.
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