https://www.marketwatch.com/story/occidental-petroleum-ceo-base-salary-rose-65-in-2019-total-compensation-grew-13-2020-04-17 Occidental Petroleum Corp. OXY, +5.24% disclosed Friday that Chief Executive Vicki Hollub received a 6.5% increase in base... — read more
OXY Deepwater
Losing money hand over fist. Dream on if you think someone is going to buy the assets for 5bn at 30 dollar oil.
Tiger King Wins
Netflix now valued at more than Exxon Mobil - my head is exploding
Can some explain letter VH just sent?
$600 million reductions? We can’t cut oil, most likely employees?
Is Ch. 11 imminent?
I'm trying to come up with a scenario of how OXY legitimately avoids BK, and besides a bail out from an increase in commodity prices, I just don't see it. They are clearly strapped for cash (paying Buffett his quarterly dividends in common stock)... — read more
CoC after Bankruptcy?
Does CoC for LAPC employees still hold up after an OXY Ch. 11 Bankruptcy filing? That Bankruptcy is looking like a freight train coming down the tunnel right now.
$APC + $OXY + Heat --> BK + CO2
^Title of latest SEC filing^
Layers of Management
Why does Oxy have extra layers of management? Things were simpler at APC.
Supplemental Retirement Account - Bankruptcy
What happens to our supplemental Retirement money incase of bankruptcy?
Buffet's 1st quarter payment is in common shares
Buffet and Icahn will continue gaining control of this company. Interesting fights between the two may develop. We're in the middle.
Dont let them...
Quantum Energy CEO on supporting Texas proration: “Don’t let the make-believe free markets destroy our Texas energy industry”
Unemployment Benefit after taking VSP
Have any colleagues been successful collecting Unemployment benefit after taking VSP? I'm the unlucky one that hasn't find a job yet. Don't know if VSP will make me disqualified from unemployment benefit. Thanks!
How many jobs will this equal to?
Since that's the only way Oxy knows how to make up for any kind of losses - in layoffs. A home explosion in Firestone on April 17, 2017 k–led two men. On Monday, the COGCC levied an $18.25 million on Kerr McGee, a subsidiary of Occidental... — read more
Re-opening Greenway, must have a cautious approach
OXY needs to take a very cautious approach in reopening Greenway. Greenway is quite dense and has crowded elevators. We need to see how this reopening of other places work first, number of new cases, etc. Most of us are working quite efficiently... — read more
Turning off the pump...
Source below... North America’s Oil Industry Is Shutting Off the Spigot Energy producers are resorting to the desperate measure of shutting in productive oil wells By Ryan Dezember and Vipal Monga Updated April 13, 2020 12:55 pm... — read more
What an embarrassment
This whole place is a disgrace. I was quiet until that shameful letter they wrote for all employees to send. The more appropriate title would have been "Help make Vicki Hollub look like a complete fool." Embarrassing a company is trying to use a... — read more
When we return to work............
Hopefully we will all get that chance one day, but I am thinking things are going to be real different in how we interact with each other. I for one will not be getting on a crowded elevator, and will be trying to skip any meetings over a few people... — read more
Happy Easter
Come and see! He is Risen!
Entire EC Needs to Be Fired
Is it just me, or does no one else believe in or respect the EC at OXY? I am amazed that there can be 40B in shareholder destruction without VH and the rest of her minions losing their jobs. Your employees have lost all respect for you/this company... — read more
Oxy wants federal help?
Article in Houston Chronicle, Friday April 10: Oxy wants U.S. govt financial aid for the oil industry, even as it (largest producer in Permian) urges Texas regulators not to interfere with market forces. Vicki Hollub, CEO, is urging employees... — read more
I have the solution!
Set up a book club and pack HR with SJW's. We'll be making money in no time. Believe me it's true.
Houston Housing Market
What’s it like out there, guys? Thoughts on the next 3 months? I’m trying to decide between waiting it out or getting my house sold before the markets floods due to unemployment.
You cut but not us...............
Exxon, Chevron, and Oxy plus some do not want to cut production, but have OPEC do so. Are we going to be part of not reducing production to increase prices? Crazy... — read more
Stock up a little..............
Stock $16.45 after hours on possible news of Saudi and Russia truce. Could we actually be coming out of this a little.
APC Deepwater Assets
APC deep water assets are cash flow negative at oil prices less than 60 USD
Two Questions Only
When and where is the next shareholder sale meeting? I’m retired Oxy and I sold most of my OXY shares about 2 years ago. Unfortunately, I still have 3,100 shares of that TP I didn’t sell. Stupid me. I assume the meeting is in May In... — read more
Distrust of Management
Will the distrust that management has created with its employees cause a brain drain when the price oil goes back up and things turn around? I would think yes, especially since 30% pay cut is so far below market. I for one have a year left of my MBA... — read more
Help Save my Job In the Oil and Gas Industry
What does everyone think about that email?
If (When) Oxy is acquired...
Would that be a triggering event for Legacy APC CoC? Don't you know CVX has that $1 Billion break up fee primed and ready to put down as a down payment!
Sports Analogy Competition
Real oxymorons will get this. Please come up with the best sports analogy that captures the incompetence, lack of leadership, and complete disregard to employees. Ask yourself what would Bear Bryant have said. As prize I’ll offer my LTI of Oxy... — read more
Is Hawaiian Shirt Man Out?
Seems like in the organizational announcement today his name was conspicuously absent. And some of the people being shuffled previously reported to him. Maybe hopeful thinking.
I can’t live of my pay with the 30% reduction
I know that none of us are happy with this, but I was wondering if there are more people in the same position, SInce this was announced I’ve been looking at the numbers and, with my mortgage, two kids in coleridge and with my wife’s medical bills I... — read more
The importance of great leadership
By now, everyone should understand the importance of great leadership to a company and country. I am seriously disappointed after looking at what’s happening to our country and company. Lack of leadership. Everyone has heard about the new CFO on... — read more
Two VPs of Land?
Why does OXY have two VPs of Land? I am a geologist by background but my father works as a Landman and told me that he has never heard of two VPs for the same position at any company he has worked for. This is just another example of unnecessary... — read more
Hackett as next CEO?
Rumor on the street is that Chazen is trying to recruit his buddy Jim Hackett to take the CEO role from Vicki. Deal would be a four year gig, no salary, all options. Hackett took over Ocean Energy when it was struggling with the Ocean/Seagull merger... — read more
No Communication
Why can’t OXY management understand that open communication is a key component to success? OB out, RP replaces CB and not a single email announcement or chain of command notification. This has got to be one of the top reasons the acquisition... — read more
New CFO.............
Occidental appoints Robert Peterson as CFO ://www.sec.gov/ix?doc=/Archives/edgar/data/797468/000114036120007995/form8k.htm