Topics regarding layoffs at Occidental Petroleum Corp.

Topics regarding layoffs at Occidental Petroleum Corp.

Sneaky Stragegy

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 

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?

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?

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 

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.

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| 3880 views | | 9 replies (last May 12, 2020)
Post ID: @OP+14QEBM7H

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 

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

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/

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 

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 

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| 5210 views | | 15 replies (last May 7, 2020)
Post ID: @OP+14LUogT0

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 

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 

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