Is it true due budget cutting?
Fun while it lasted
https://finance.yahoo.com/news/conoco-reportedly-eyes-occidental-petroleum-takeover-163448560.html
$43 is the new $75
Just like at APC. We hit $110 a share and then went into freefall. Wound up floundering in the $40's till we were bought. Our debt wasn't the same but if VH keeps paying it down as a focus, you will start looking attractive for someone who wants part... — read more
Diversity and Inclusion
We were already a diverse and inclusive company before the GF Thing and OXY hopped on the D-E-Ibandwagon like other companies but rebranded as DIB. Why do we need this silly group DIB? Meetings and games yapping about our diversity and inclusiveness... — read more
Exxon Open for M&A on Heels of Pioneer Deal
https://www.hartenergy.com/exclusives/exxon-open-ma-heels-pioneer-deal-213707
Is Oxy ok or not ok?
I guess we will find oil the next two days with the earnings release and the all revealing conference call.
Bumerangue Discovery
BP just announced an Oil discovery in the Santos Basin, Brazil. Three times the size of Manhattan and a 500 meter oil column. Largest discovery for BP in the last 25 years. Exxon has 12 billion barrels of oil in Guyana, ENI 35 TCF gas in the... — read more
Legal Issues with Oxy
Besides Chevron, are there other companies that have had major conflicts or legal issues with Oxy? I saw they’ve filed lawsuits against Wells Fargo and Sanchez Energy in the past. Any others in the U.S. that have clashed with them?
Hall of Fame
Spend 10's of billions of dollars on two wasted acquisitions, your stock is worth 25% less than it was a year ago...and... You are inducted into a Texas hall fame. Upside down world we live in ....
Houston insurance
In Houston, is Kelsey Seybold the best with Oxy PPO? Just joined and new here...based around Stafford/Sugar Land. thanks
Chevron fired 80% of Hess staff
Chevron let go of 80% of Hess employees—should we expect the same outcome down the road?
Slip Sliding Away...
Here come the $30's.... At least it's warm weather for you to go get another job...
Vicki is 8th highest paid Exec in Houston
According to the Houston Chronicle’s annual exec pay analysis, Vicki was 8th highest paid CEO in Houston area and made $18.5mm in 2024 compensation. That’s a lot of moolah but it takes a special kind of person to destroy shareholder value and... — read more
AI and the workforce...
Starting to look like the real threat to jobs is the AI revolution. Five years from now the whole landscape for employment opportunities might be totally different than today. Add in the offshoring of jobs to places like India for cheap labor, and it... — read more
They prune posts here...
Like I see people brutalize their crepe myrtles... Someone has the delete sensitivity knob turned to maximum here. I go on a quick vacation, come back and half of the posts are gone. So much for free speech. Let's see what the Big Beautiful Bill does... — read more
Early Retirement offers in idustry. Think Oxy will offer anything?
Reading other boards a few companies such as Hess, Chevron, Conoco-Phillips are offering early retirements. I don't think Oxy will do layoffs based on Vicki saying as much, but in the past there has been offers of a VSP. It seems we might be primed... — read more
No one paying attention?
WTI went crazy during Desert Storm.... Just wait till someone blinks here.
Oil price crashing
Yikes.
Will Oxy start moving engineers to midland?
I've seen some emails about temporary assignments in West Texas as well as the high ups saying maybe new engineers in the rotation program will stay out in midland longer than the program
Nothing like Middle East tension...
To tweak the stock price. Good thing huh...Without it Oxy would be in the 30's now. Enjoy the summer.
Oxy - One of Warren Buffett’s Rare Flubs
Oxy - One of Warren Buffett’s Rare Flubs Surprise Surprise Surprise
Oil at 74.00 plus............
Woke up to a war starting between Israel and Iran. We have so much more to worry about than what is usually posted on this web site. The last thing the USA needs is for us to get deeper into this conflict. This is not what we want or need for our... — read more
New office building
Are the plans to build new building still full steam ? Why can't we move outside 610 loop? Trafficisalways bad coming in or out. Something on Beltway 8 south of I10 will be really great and reduce driving time for majority of the employees.
June layoffs
Is that happening or not?
Legacy Oxy Blows
While y’all overpaid for CrownRock at least us guys and 1-3 girls are providing real efficiencies to this bloated corporation.
Bahahahahahahahahahhahaahahhahaha!!
But if Chevron loses then he may need a different big deal, like Oxy [Occidental Petroleum], to cement his long legacy,” said Paul Sankey, an oil analyst. https://www.ft.com/content/29b40eae-6be7-49a5-b1d2-4cbb4f1d230c
Crownrock Timing Looks Terrible Right Now
We are strapped with debt and oil price is only going to keep dropping.
3.7 billion in carbon capture projects cancelled
https://www.eenews.net/articles/doe-axes-clean-energy-grants-worth-nearly-4b/ It doesn’t mention Oxy, so I am assuming we are safe?
New High Water Mark?
$70,60,50,40..... I bet the shareholders can count.... Time to do some spring cleaning on the executive floor.
Management?
Is there any incentive to pursue manager position? I would like to get a opinion if there is any significant monetary benefit in moving to be a manager in comparison to staying technical. Is stock or cash component higher? Recently was asked by my... — read more
True loss of $25.3 billion
On April 29, 2016, when Vicki Hollub became CEO, Occidental Petroleum was valued at $54.43 billion, with oil at $45.92 per barrel. As of May 2025, oil has risen to $60 per barrel, yet Oxy’s market cap has dropped to $40.42 billion. Stripping out... — read more
Jimw Cramer Notes Occidental Petroleum (OXY) is “Not Going to Go Anywhere”
https://www.msn.com/en-us/money/markets/jim-cramer-notes-occidental-petroleum-oxy-is-not-going-to-go-anywhere/ar-AA1FjLjq “Let me take it from here. As you heard… I talked about not thinking about where you bought it… thinking about where you’re... — read more
What Happened?
There was a recent post throwing VH accolades and telling us how wonderful Oxy was and then...Bo-m...It was removed. Anyone that tells me that Oxy does not control the content on this site is certifiable...
VH Making huge mistake on CO2 capture
Non value add and wokely unnecessary. Probably why Berkshire stopped buying - wasted capital.
DEI promotions
it’s so tough to get promotion as a white male in this company. when do we go back to merit-based promotions? root out DEI evil.
Attractive Acquisition Price.
Even with a 25% premium, Oxy stock is just over $50.00. Could be tasty enough to bite.
Is carbon capture losing its gov funding?
I heard this may be the case.
Is Occidental Petroleum (OXY) The Most Crowded Hedge Fund Stock That is Targeted by Short Sellers?
https://www.msn.com/en-us/money/markets/is-occidental-petroleum-oxy-the-most-crowded-hedge-fund-stock-that-is-targeted-by-short-sellers/ar-AA1EImRq
Why would any college students or our interns choose this industry?
It seems like the constant bo-m and busts are becoming more frequent, and with the addition of climate change and the renewable industry being the future, I truly question why our interns would choose to work in the oil industry. Maybe there is... — read more
Question for the day
It seems like most are taking the day off for Mothers Day. How nice. The question for today is if Oxy goes private will morale amongst workers increase or decrease.