Lots of rumors... when is the sale happening ?
Stock Price
Down over 5% to $39 and change. Looking good to clear out useless office space. That means you.
Occidental Plans to Cut Spending by 40% Next Year
Occidental quarterly profit fell short of forecasts due in part to the $37 billion acquisition of Anadarko Petroleum Corp. Shale drilling in the Permian Basin will account for the biggest chunk of the cuts. The combined Occidental-Anadarko entity... — read more
Anyone else having a great time watching the dumpster fire of an integration transpire?
I’m going to be honest. I enjoy coming in and doing nothing. I enjoy my boss no longer pretending he gave a sh– about my career. I enjoy watching desperate (dumb) people trying to cling onto whatever semblance of their old “career” still exists... — read more
Help desk
How does Occidentals help desk compare to Anadarko? I have heard it’s pretty horrible.
Question for Oxy Folks
Why is your company so inept and what led you to join this dumpster fire of an organization back when you did? This transition is being led with all the grace of mongoloid figure skater.
Reposting with the updated Anardo disgrace that so many have called out Oxy over.
Bumping the facts back up about Oxy and their track record in light of the continuing deserved decline of the company. Nearly under $40 now - but somehow they will twist that in to something to be proud of. Re-posting to keep the facts out about... — read more
Lower overhead by adding more VPs?
WES announced 14 VP and 3 SVP
And The Trend Continues
Stock price is now $40.51 and one year ago it was $72.18. The dividend is about 7.75%. Well, something will have to change to reverse this. Want to guess what that could be?
Oxy
It amazes me more each day how poorly Oxy is run.
Now that VSP is done, what is the timing for actual layoffs of Oxy and legacy APC
I suppose they are waiting until WES gets spun off and for other asset sell off to close (GOM etc.), but what else is holding them up?
Anadarko "Leadership"
By now most Oxy folks have gotten a taste of Anadarko leadership (and I use that term very loosely). You've seen the nepotism and cronyism that resulted in complete incompetence across several departments. Which department surprises you the most with... — read more
Over 60 ? 65 ?
I would not make any long term plans. You will be asked to "retired". No Exceptions !
The smartest post I've ever read
A Japanese company and a North American company decided to have a canoe race on the St. Lawrence River. Both teams practiced long and hard to reach their peak performance before the race. On the big day, the Japanese won by a mile. The North... — read more
Could Oxy screw up this APC acquisition any better?
I’m Embarrassed at how ridiculous Oxy is looking at their lack of planning and execution in absorbing APC. The majority of APC staff are spending their days playing games on their cell phone while incompetent Oxy leadership and HR continue to... — read more
APC VSP
So, the VSP packets FINALLY went out to APC employees, but at our CAO town hall this week, they made a HARD pitch to beg us to stay and not take the package. Huh?
Careers at Oxy
Have encountered several ads appear from Oxy over the last week. We’re hiring! Careers at Oxy! Really? What the heck?
Is it true? 4 more officers added to the roster?
Did I hear correctly they now have 5 Vice Presidents in IT; 4 new ones named today?
Greenway or Woodlands
Any thoughts on the potential to move headquarters to The Woodlands? If The Woodlands campus has room to expand, it seems like a much more desirable place to be than Greenway.
Stock Price
5 years ago the stock price was over $92 and now it is at $42.37. Great. Probably will go lower. Not a good sign for stable employment.
Anadarko/OXY HR controls this website Posts are being deleted, my ip is blocked.
Anadarko/OXY HR controls this website Posts are being deleted, my ip is blocked. Careful now!
Bumping the facts back up about Oxy and their track record in light of the continuing deserved decline of the company.
Re-posting to keep the facts out about Oxy since all you people could come up with was name calling and thumbs down (apparently Piper Alpha etc DIDN'T happen according to Oxy staff thumbing this down and despite the facts that can be easily... — read more
Not moving to Energy Corridor... Move to Woodlands instead?
Houston-based Occidental Petroleum Corp. (NYSE: OXY) reportedly won't be moving to the Energy Corridor after all. According to real estate industry publication Realty News Report, CFO Cedric Burgher said the company will sell the campus it... — read more
How is OXY taking the APC VSP
VSP is being offered to 40+. It sounds like good news for both sides.
Oxy Compensation
What is Oxy’s Bonus structure and does Midland have a geographic uplift?
Darn
Stock is now down $1.38, over 3% drop. Futures are down 390 points. You should be worried. China threatening to buy Iran oil and bust the sanctions. If that happens, oil prices will tank.
Are we going to be better or worse off now the Anadarko deal is finalized?
I don't care about management, we all know how well this will work for them, but what about the rest of us at Oxy? Any chances this actually turns out to be a good thing for us?
OXY 401K + Retirement Plan
I’m up to speed on the 5 + 7 401K but I heard there was an added 7-12% retirement plan. Does this exist? If so, what is the program’s name (APC called it PWA)? What type of program is it, low risk savings, stock, defined benefits or something... — read more
FYI
The OXY-Anadarko combined work force is approximately: 15,000 employees The OXY-Anadarko combined net production is approximately: 1.4 MMBOEPD For comparison: ConocoPhillips net production is approximately: 1.3 MMBOEPD ConocoPhillips... — read more
Welcome packet
Read the welcome packet for 'You are Oxy'. Most of it was the same information in the emails. What was new was the Service Credit information. Legacy Anadarko employees will receive credit for service for all benefits EXCEPT retiree medical. ... — read more
Oxy Stock
Stock is currently a little over $45/share, about the same price as December 2000. Crude is around $51/barrel. This is becoming the perfect storm in regard to Anadarko acquisition.
Layoff Start Date?
What are everyone's guesses on when layoffs will begin/be announced.
Oxy Sells $13 Billion in Debt for Acquisition
Occidental Petroleum sold $13 billion in debt to help finance the acquisition of Anadarko Petroleum. You can read about it on the internet.
Pay Scale
I wonder how management going to handle the different pay for employees doing the same job. I’m assuming APC employees make more based on here-say.
Layoffs coming
Sounding like layoffs are coming and they are going to be deep. Looks like not enough people taking the VSP.
Retirement packages
Anyone know when the retirement packages will be finalized, and when the retirees are leaving?