Natural Resources >> CEO Interviews >> March 5, 1999
Joe B. Foster – Newfield Exploration Company (nfx)
JOE B. FOSTER is Chairman, President, and Chief Executive Officer of
Newfield Exploration Company, headquartered in Houston. Previously, Mr.
Foster was Chairman of Tenneco Oil Company and Executive Vice President
and director of its parent, Tenneco Inc. He was with Tenneco for 31
years and also served as Chairman of the Tenneco Gas Pipeline Group. Mr.
Foster was born in Arp, Texas and attended Texas A&M University. He
graduated in 1957 with a Bachelor of Science degree in petroleum
engineering and a Bachelor of Business Administration degree in General
Business. In May, 1997, he was named a Distinguished Alumnus of Texas
A&M University. Mr. Foster currently serves as Chairman of the National
Petroleum Council, an industry advisory body to the U.S. Secretary of
Energy, and in 1995-1996 served as Chairman of the Offshore Committee of
the Independent Petroleum Association of America. He is a Director of
Memorial Hermann Hospital System and has served as Chairman of the
Houston Museum of Natural Science, the Greater Houston YMCA, and the
Texas A&M Development Foundation. He also serves on the Boards of Baker
Hughes Incorporated and New Jersey Resources Corporation. Profile
TWST: Can you give us a brief overview, and a little bit of the history
of the company, just to kind of set the stage for the readers?
Mr. Foster: Newfield was founded in 1989 by myself and