Stephen Chazen - Magnolia Oil Chairman

MGY Stock  USD 28.19  0.60  2.08%   

Chairman

Mr. Stephen Chazen serves as Chairman of the Board, President, Chief Executive Officer of the Company. He has served as our Chief Executive Officer and President since February 2017 and will serve as Chairman of our board of directors following the completion of this offering. Mr. Chazen retired as Chief Executive Officer of Occidental in April 2016 and remains a member of the companys board of directors. Mr. Chazen began his career at Occidental in 1994 as Executive Vice PresidentCorporationrate 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. Mr. Chazen was elected to the Board of Directors in 2010. Before joining Occidental, Mr. Chazen was Managing Director in Corporationrationrate 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. Mr. Chazen began his career at Northrop Corporation in 1973 as Laboratory Manager at the Johnson Space Center, where he worked until 1977. Mr. Chazen is a former Chairman of the American Petroleum Institute. He also serves on the Board of Advisors of Rice Universitys Baker Institute for Public Policy and is a member of the Senior Cabinet of the Presidents Leadership Council at Houston Methodist Hospital. Mr. Chazen is a Director of Ecolab Inc. and The Williams Companies, Inc., and Chairman of the Board of the Catalina Island Conservancy since 2017.
Age 74
Tenure 7 years
Address Nine Greenway Plaza, Houston, TX, United States, 77046
Phone713 842 9050
Webhttps://www.magnoliaoilgas.com
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.

Magnolia Oil Management Efficiency

The company has Return on Asset of 0.1203 % which means that on every $100 spent on assets, it made $0.1203 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2219 %, implying that it generated $0.2219 on every 100 dollars invested. Magnolia Oil's management efficiency ratios could be used to measure how well Magnolia Oil manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Magnolia Oil's Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to rise to 0.15 in 2024, whereas Return On Capital Employed is likely to drop 0.12 in 2024. At this time, Magnolia Oil's Return On Tangible Assets are fairly stable compared to the past year. Intangibles To Total Assets is likely to rise to 0.01 in 2024, whereas Total Assets are likely to drop slightly above 2.3 B in 2024.
Magnolia Oil Gas has 409.55 M in debt with debt to equity (D/E) ratio of 0.31, which is OK given its current industry classification. Magnolia Oil Gas has a current ratio of 2.21, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Magnolia to invest in growth at high rates of return.

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Magnolia Oil Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company was incorporated in 2017 and is headquartered in Houston, Texas. Magnolia Oil operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 192 people. Magnolia Oil Gas (MGY) is traded on New York Stock Exchange in USA. It is located in Nine Greenway Plaza, Houston, TX, United States, 77046 and employs 247 people. Magnolia Oil is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Magnolia Oil Gas Leadership Team

Elected by the shareholders, the Magnolia Oil's board of directors comprises two types of representatives: Magnolia Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magnolia. The board's role is to monitor Magnolia Oil's management team and ensure that shareholders' interests are well served. Magnolia Oil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Magnolia Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
James Larson, Independent Director
Tom Fitter, Investor Executive
John Walker, Director
Stephen Chazen, Chairman of the Board, President, Chief Executive Officer
Arcilia Acosta, Independent Director
Christopher Stavros, Chief Financial Officer, Executive Vice President
Brian CPA, CFO VP
Timothy Yang, Executive Vice President, General Counsel, Corporate Secretary
Edward Djerejian, Lead Independent Director
Steve Millican, Senior Vice President of Operations.
Dan Smith, Independent Director
Jim Johnson, IR Finance
Angela Busch, Independent Director

Magnolia Stock Performance Indicators

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