Oxy will write down $9 billion on its assets in the 2nd quarter. This is the 3rd consecutive quarter of asset writedowns. The $9 billion will represent nearly half of Oxy's total market capitalization.

Any truth to this?

ExHR friend (Haha that sounds funny on this board) has given me the heads up that a layoff is being planned for perhaps to day or just before the holiday weekend. Soooooo who besides middle management is ripe for the pickin this round? .. — read more 

These last three months might have been the most important learning process in you education. You basically saw the industry hit rock bottom, and now oil is at $41.37. I have had a 30 plus year career in the business and this has been one of the... — read more 

Lol.

Smart A– Cedric was finally terminated after being removed from his throne. Maybe they realize now their actions were financially irresponsible and reckless? Bye bye Ced

Smart A– Cedric was finally terminated after being removed from his throne. Maybe they realize now their actions were financially irresponsible and reckless? Bye bye Ced

Last week a group of LAPC with approved VSP exit dates of Aug had their VSP revoked. Honoring an agreement means nothing to Oxy and the upper management. They were forced to sign a new employment agreement for most with an exit of end of 2021 or... — read more 

I work with a bunch of LAPC complainers, always asking my supervisor to change their schedule. Tired of it. We were asked to welcome them to the Oxy team but they want us to work APC way. We always had a laid back job now we have to be on top of them... — read more 

I know a lot of people wanted to go the Chevron way, but go read their board. They are going through the likes of vsp and layoffs. It looks like you have to apply for 4 jobs and if not picked then you get the EOI. I think the EOI is like e the Oxy... — read more 

Well I saw in the Chronicle where Oxy is leasing at Greenway through 2031. I sure hope the owners clean up the building and do things like add new carpet, paint, replace ceiling tiles and so on. The paper makes it sound like a really nice place, but... — read more 

I know this is probably the unpopular opinion, but I am pretty disgusted to learn that OXY is only restoring our salaries on July 1st so that they can qualify to the CARES act funds. This is not because they care about us, this is not a classy move... — read more 

I noticed the under 40 year old age group are leaving Oxy. Big big big problem. Should not have given them VSP. HR should be calling them back. HR messed this up badly.

So what’s up with all the GOM promotions for team leads and oims? What about the other people in line for promotions?

✓ Employee Salaries, Reduce (pt1) ✓ May 2020, Executive Change in Control now in place ✓ Name your price leaves executed ✓ Employee Salaries, Reinstate (pt2) Plans to sell Oman Word that VH may be exciting Bonus before bankruptcy... — read more 

Very impressed that they actually restored salaries. Great news! Shows some decency!

Been hearing a rumor from middle management that we are getting our 30% back starting July 1st, has anyone heard the same/ can confirm this.

It's easy when you're a salaried office worker to get roped into working evenings and weekends to get a critical project done...but why do that now when it's clear OXY literally doesn't give a sh**? You could be the best employee they've ever had... — read more 

I know of a handful of people who had submitted voluntary leave offers in the last couple of weeks, all of their offers denied. Got counter-offers from Oxy HR last week (pretty low offers from what I understand), all of the employees denied those Oxy... — read more 

Just heard that V may step down this year. Any truth to this?

Job Losses: More than 100k oil and gas jobs lost in the U.S. (-45k in Texas) ⁦ @RystadEnergy⁩ says. It expects a wage decline of at least 8-10% going into 2021. Here’s a completely empty man camp in South Texas last... — read more 

Covid cases going up, I really hope OXY doesn't try to make us go back to the office anytime soon! Its everywhere in Houston.

Oxy is an organization with a history of married working couples, brother and sisters, son and daughters. I am calling on saving more money by letting one go! There are managers and technical staff related all under the same business unit or... — read more 

The RAW dog is coming back.

Protests couldn’t come any worse time for Oxy. Protests are so relevant to Oxy culture inside. VH strives for gender equality and ignores all other inequalities.

I say we all show up at a Greenway to protest OXY and it’s terrible policies and criminal activity!?!? If we all showed up together at once, maybe they’ll start listening. It just might make the Wall Street insiders who voted to keep VH think twice... — read more 

Highest hospitalization rate on record for Houston area in the past few days. I’m curious how OXY is planning to return to work safely. Seems like Covid really ramped up since reopening. They really should just keep allowing us to safely work from... — read more 

Has anyone heard what the plan is for banking excess PTO? They put that on hold due to COVID. We were going to get to one time bank up to 120 hours to pay on departure before they pulled the date to further notice. I’m sitting on 200+ hours - plus... — read more 

https://www.thestreet.com/investing/chesapeake-energy-plunges-amid-chapter-11-bankruptcy-risk?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

https://www.marketwatch.com/story/california-resources-could-file-for-bankruptcy-this-weekend–wsj-2020-06-08?siteid=yhoof2&yptr=yahoo

BOA advised OXY during the acquisition of Anadarko (against most analyst and industry leaders telling otherwise) Of course they would bait people today with a stock upgrade. Pump and dump is the oldest trick in the... — read more 

https://www.bloomberg.com/news/articles/2020-06-08/occidental-said-to-review-middle-east-assets-in-bid-to-cut-debt?sref=I5jUJbND

They said there would be no counter offers on the name your price VSP if yours wasn’t accepted. However they did send out counter offers last week. Anyone taking them? I heard they aren’t good. Has anyone left with the name your price deal?

It seems all the pieces of the puzzle are coming together. Expect announcement in a few weeks I should say.

34 as of market open.

Do the executives get the new change in control package that was just put into place if the company goes into bankruptcy?