I wish her the best and appreciate what she did for all us employees during Covid and the tough times we went through. She could have laid off many of us, and most kept their jobs, or took a generous VSP. I say this as an employee and not an... — read more
Trinidad
Congrats on the Exxon farmin. Offsets APC Guyana acreage that has been in force majeure for years . Also remember it had a high gas risk associated with it.
Possibility that Oxy and ConocoPhillips merge?
Eventually top tier locations will be reduced and reserve replacement will become a priority. Probability that Oxy merges with another company in the next 2 years
Is Oxy being marketed for sale?
This is the first time since coming to Oxy 10 years ago that I have really convinced myself that we are actively trying to get bought. Between the aggressive debt reduction, new CEO, divestiture of non core assets (Oxychem), delaying long term... — read more
Overhead increased
Adding all the extra employees to Denver City from the properties offloaded greatly increases overhead. Cost cutting? Fuzzy math?
How has AI impacted work?
Has Al increased the probability for layoffs at Oxy?
Why do production and reservoir engineers usually get promoted faster than facilities
Looked at a lot of the managers here and most of them are either a PE or RE. Have not seen many FE. Im in FE, is it better to switch to a PE role
Berkshire Hathaway: Oxy needs to simplify
Time to simplify and monetize Oxy asap. The games and PowerPoints no longer work…serious integrity issues in the field coupled with disappointing performance results. New CEO will soon need to create a vision and reduce company footprint to only the... — read more
Can Oxy Coast doing the same thing with the same people on the same assets…
Will Oxy pivot or concentrate on areas of strength or continue this bifurcated shyte show for ever…Oxy Greenway, Oxy Woodlands, Oxy International…when are all parties collaborating and when will Oxy have the courage to divest assets that no longer... — read more
Low Carbon Ventures?
What is the deal with Stratos? I haven't seen an update in months, and there is nothing on the 1.5 website. What about the other ventures? Terralithium? Cemvita? Net Power? Is any of this panning out? No news is bad news?
You were only dreaming....
That Oxy stock was on the way up. Down 6% in early morning trading..$55... If the stock drops back into the $40's again, you are waist deep in alligators. Aunt Vickie isn't here to look after you.
Thank you, Vicki Hollub!
With a heart full of appreciation, l want to say a BIG THANK YOU to our amazing CEO, Vicki Hollub. Thank you for all you did for Oxy’s employees. Thank you for more than doubling Oxy’s production and for your wisdom and foresight in lowering Oxy’s... — read more
Just moved into new role as a fresh engineer and disliking the role/team
Background, fairly new engineer less than 3 YOE and im on a new team (not by choice) and the team is not what I was expecting it to be. This role/work is better suited for someone with more experience. I want to leave this team already and advice on... — read more
Ding-Do-g! The Witch is Dead
This is my favourite Wizard of Oz song.
Will RJ take away WFH Mondays?
Hopefully not, but he starts June 1st as CEO. What do the Kalshi betters at oxy think? It’s a sure way to be disliked and have huge turnover immediately, but he may not care and follow Chevron and Conoco footsteps.
Free at last
Sold the rest of my stock yesterday. Finally my liberation day from Oxy. Wish I could say the last six years of holding this paper was fun but it wasn't. Lots of luck with new management and I hope the stock price doesn't drop back into the 40's... — read more
Which asset su-ks the most?
I work in resources and all i will say is from experience so far Delaware both TX and NM are pretty bad management wise
Occidental Petroleum CEO Vicki Hollub said the war in the Middle East would be settled more quickly if NATO and European countries backed the US
Occidental Petroleum CEO Vicki Hollub said the war in the Middle East would be settled more quickly if NATO and European countries backed the US and Israel’s military strikes against Iran.
Bandit
So do we think the recent discovery announcement will be worthy or a Gulf group chasing glory days of old & fighting to stay relevant?
Test post
Test only
Oil prices
So how is the American public going to react when we pull out of the Iran war without opening the straight up. People have hinted that prices will come down. But they won’t because the US is tied to world supply and demand. So now the other... — read more
Barrin’s: Occidental CEO’s Tenure May Be Over. It Hasn’t Been Good for the Stock.
Occidental CEO’s Tenure May Be Over. It Hasn’t Been Good for the Stock.
Sold at $60
Waited a long time to see Oxy over $60 again. Couldn't resist selling. Still have more if the administration starts bo----g oil and gas fields.
When RJ becomes CEO, will he push for more people in the field?
Heard he wants more folks to be in west Texas
Layoffs in general......
Layoffs do happen often in this industry, but right now is especially bad for finding a new job. If you think there are layoffs coming start putting out the resumes and making connections now. I know people that have been looking for work for a year... — read more
Another M&A win for Vicki and Oxy
https://www.barrons.com/articles/berkshire-deal-for-occidental-chemicals-unit-is-a-winner-51a720f0?siteid=yhoof2 OxyChem valuation up ~$3B since Oxy sold. Deal was done in tax inefficient manner. Oxy retained Environmental liabilities. Oxy didn’t... — read more
Thinking no layoffs are coming is not very smart
Oxy cuts when oil prices are down, when they are up, when results are bad, and even when they are good. Basically, it can happen at any time. It is best to always expect layoffs here.
Raise A Disappointment
Bonus payout was good but anyone else get laughable salary adjustment?
Crude prices / Oil stocks?
With the big jump in oil price, I expected stock price of the oil majors (particularly the ones that don’t ship through the strait) to jump proportionately. They are actually flat or slightly down. Thoughts?
Bonus & Raise
Any rumors on what bonus payout will look like ? I’m over due for a promotion but it looks like this year will be another year of waiting.
Any layoffs coming?
Looking at the 4Q results and current price of commodity prices, do you anticipate Oxy might be force to do layoffs this 2026?
DAC time to make this project a reality whether it makes sense economically or not
DAC will create direct and indirect jobs and give new technology entrants an opportunity to test this technology. The highlights More jobs in a tough economy Test new tech and discover new tech Burn lots of natural gas to create electricity to run... — read more
Occidental Petroleum 2026. What major changes do you foresee for this year?
Oxy involved in a major divestment or is purchased as a reserves play? Leadership direction and composition? Stock price and fundamentals? Overal morale and employee engagement?
What is happening at the Midland office?
Lots of EMS, fire and law enforcement on site.
DAC Dilemma
Vicki made a huge bet on DAC. To me, the business case was always shaky even if it works PERFECTLY. I’m told it is over schedule and over budget, and we just got rid of OxyChem, which could have been a critical resource. What if it doesn’t work? ... — read more