Topics regarding layoffs at Occidental Petroleum Corp.

Topics regarding layoffs at Occidental Petroleum Corp.

Stock Price

Down over 5% to $39 and change. Looking good to clear out useless office space. That means you.

by
| 3220 views | | 10 replies (last November 14, 2019)
Post ID: @OP+11TSjOUg

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 

by
| 5280 views | | 11 replies (last November 10, 2019)
Post ID: @OP+11RnfJXr

Help desk

How does Occidentals help desk compare to Anadarko? I have heard it’s pretty horrible.

by
| 4040 views | | 6 replies (last November 8, 2019)
Post ID: @OP+11HsIqI2

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.

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?

by
| 4310 views | | 5 replies (last October 21, 2019)
Post ID: @OP+11yfy8Zu

Oxy

It amazes me more each day how poorly Oxy is run.

by
| 5500 views | | 3 replies (last October 17, 2019)
Post ID: @OP+11sjmbJ2

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 

by
| 5260 views | | 8 replies (last November 11, 2019)
Post ID: @OP+11mnnFyK

Over 60 ? 65 ?

I would not make any long term plans. You will be asked to "retired". No Exceptions !

by
| 3260 views | | 5 replies (last November 18, 2019)
Post ID: @OP+11ljbZ6F

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 

by
| 2840 views | | 4 replies (last October 2, 2019)
Post ID: @OP+11f3URw0

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 

by
| 4780 views | | 9 replies (last October 9, 2019)
Post ID: @OP+11fxKqTb

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?

by
| 3640 views | | 4 replies (last September 7, 2019)
Post ID: @OP+10N2bVnO

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.

by
| 2880 views | | 6 replies (last September 10, 2019)
Post ID: @OP+10H1uxNU

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.

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.

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?

by
| 1660 views | | no replies yet
Post ID: @OP+10jRtYsA

Start a new thread - post a news comment, question or message:

: