This is the dumbest most bizarre email I think I have received in my 35 year career in this industry. The ONLY reason they are doing this is the APC COC. Otherwise they would simply go and whack a bunch of people and be done with this... — read more
Paycuts coming again
Did everyone catch the fact that the email says: "Maintain capital activity at current significantly reduced (or lower) levels through the remainder of this year and likely into the first quarter of 2021"... All that means for us L-APC folks... — read more
Voluntary Resignation Offer
LOXY. Just received the email requesting (if I want) what my number of months severance would need to be to voluntarily resign. Is this a sign of layoffs to come? If not then what are people putting / what is management expecting? If I fill it out I... — read more
Oscar Brown sold shares
SEC filing yesterday, sold 30,000 shares
Who would you like to be the next CEO if you had a choice?
Is there anybody internally that you would like to be the CEO?
Is there any hope for OXY?
I'd like to hear what you think about OXY? Any hope this company survives? If yes, what are the conditions for survival? Do you suggest staying in the company?
We can share this website to major shareholders
Tell them How much we resent our management - top down How much we hate salary cut How much we want to wfh to compensate the pay cut Then use our vote
Management position at a discount rate...
I bet many of these managers are unhappy themselves with the paycut. They are paid at a discounted rate, compared to their peers in the industry. And yet they have to pretend they are okay with that and at the same time convince others to stay... — read more
Chevron Next
Any predictions on what the Chevron premium on the stock price will be?
You know ... everyone is really powerless here ...
Just sayin ...
ConocoPhillips Office and lack of due diligence
This was another clueless act from a clueless management..... while they were thinking of buying APC without any due diligence , they bought that old ConocoPhilips building with no analysis, what so ever, on what happens if we actually go through... — read more
goodbye Oxy pension
”As you are well aware, the combined impacts of the COVID-19 pandemic and the disruption of the oil markets have had a significant impact on Occidental and require that the company significantly reduce costs. Consequently, Occidental will freeze... — read more
More concerned about money than employee safety
"The updated MSA with Industrial Scientific has been approved and we have begun migrating from the MX4 quad gas monitors back to the Tango single gas monitors. Based on current inventory numbers, our new approach should save Permian Resources as a... — read more
Cronies did not get salary cuts, they are double dipping !!!
Check our all the cronies from Oxy who we thought left or were not give top position in the recent minor shake up on the board are double dipping. These guys orchestrated salary cuts to employees , technically these people did not get any cut at... — read more
Icahn chimes in with new thoughts on Oxy
Icahn interview. Short bit about Oxy starts around 20:30. He sounds more optimistic. Says company has great assets, is all in now with his guys on the board, and sees a lot of upside. Thinks the anadarko deal was “still one of the most ridiculous... — read more
I got mine
Took my package in 2019. Checks still coming, every 2 weeks. Sweet! I love Oxy.
Denver Office shrinking
Check out the Denver Business Journal today. Oxy put floors 13-18 on the market last week. No email or any other communication sent out.
Trim the Middle
‘Nuff said. A bloated middle makes an organization slow during tough times. Cut out excess middle managers who don’t effect the bottom line. Fire underperforming management. Lean and mean is how operators need to be approaching these times of low oil... — read more
Conditioned to Tolerate Danger
OXY faces another year of living dangerously: https://www.bloomberg.com/opinion/articles/2020-05-06/occidental-petroleum-earnings-buffett-bondholders-reign
Lesser of two evils
Not that we have a choice, but what are your thoughts on WFH permanently vs. salary cuts? Based on the earnings call today I gleaned that they’re planning on the salary cuts remaining for at least a couple of years. Would it be more palatable if WFH... — read more
We need a new management team!
I keep hearing we should stay positive. I cannot agree more. But one thing I have learned is that if a car is about to hit you, you cannot simply stay there and think positive hoping that it prevents the accident somehow!... We need a new management... — read more
Key takeaways from earnings call?
Thoughts?
COVID 19 IN THE MAILROOM
MANAGEMENT HASNT TOLD ANYONE BUT SOMEONE IN THE MAILROOM HAS TESTED POSITIVE FOR COVID 19
Don't count your chickens....
before they hatch! Oxy f-ups again & again & again... https://www.reuters.com/article/us-total-occidental-algeria/total-told-it-cannot-acquire-anadarko-algeria-assets-idUSKBN22H1WD
Contractor layoffs are here
Well this week we lost more great contractors that were actually doing their jobs so that Oxy could avoid paying out severance packages. #TEAMOXY
You Decide
Occidental is hiring Moelis & company to help it restructure. Hertz is doing the same thing. You decide. Is this good or bad? https://www.autoblog.com/2020/04/24/hertz-rental-car-debt-layoffs-coronavirus/
How many useless layers of management are there at Oxy?
Honestly, we could function just as well if not better without so many of them. But who gets laid off in the end? Employees who actually contribute something useful to the company. Until this issue is address, don't expect to see anything change... — read more
Pension(s) funding status
It was my understanding from HR (have it in email), that everyone in the pension plan would receive a package in their home mail in April 2020, that would provide current information on the plan(s) including how well they are funded today. I was... — read more
Saving VH by getting rid of the middle management
This is the option that VH has to take to reorganize oxy, getting ride of the mutli-layer management. There is no need a manager for less than 10 people. They create nothing but micromanaging, wasting unnecessary meetings, micro managing just to make... — read more
Who will hire us? Who will hire them?
Oxy took a boatload of professionals from Big Pharma, NASA, and aerospace during the boom years. One came straight from designing planes to be a “reservoir engineer”. Some were smart enough to continue education and got Masters degrees in O&G. Others... — read more
Layoffs coming
Are layoffs coming soon?
Hostile Takeover from Chevron
I am surprised that no one has brought this up yet, but in addition to the financial train wreck VH got OXY into by buying APC, she literally did a hostile takeover from Chevron and stole APC right from under their nose. Does anyone else find this... — read more
Work from home rumors?
Rumors that partial WFH will be a policy even after stay-at-home is lifted and we go back to the office. Have u heard rumors on this ?
True Character of OXY ?
Disappointed that financial challenges have caused an almost complete loss of character, values, and integrity ?? Perhaps someone was talking about OXY apparently. Let's talk now. Oxy decisions make no sense? Counter intuitive ? What’s going... — read more
All L-APC VSP gone next week?
It looks like Oxy is suddenly getting rid of all L-APC that chose VSP and are still there, even those that they chose to extend separation dates on. What’s going on?
Carl Icahn
Looks like old Carl is having a rough time lately. Hertz is about to file for bankruptcy. He owns 40%. They have defaulted on their lease payments, and they have until May 4th to work out agreements with their lenders or they will have to... — read more
Will oxy join diamond club ? Heard the situation is tight on 31st.
https://www.marketwatch.com/story/hess-occidental-petroleum-were-bankrupt-diamond-offshores-biggest-customers-in-2019-2020-04-27
Dysfunctional Family
Sick and tired of seeing these emails from the higher ups in Oxy management calling us family. Its utter BS and incredibly belittling. I hope they read these, see these or are told about what is said in these threads here. We despise all of Oxy's... — read more
True Character ?
Disappointed that financial challenges have caused an almost complete loss of character, values, and integrity in some folks. Unfortunately, the current financial situation has REVEALED folk's character, rather than building it. Bullying... — read more