I'm an embedded contractor with APC. I respect APC, and have done very well with them as an embedded contractor. With 30 years in the patch, APC hired me due to my experience level in all O&G sectors. My work hours are flexible, and the pay is... — read more
Oxy Compensation
As an APC employee just curious what hourly employees make at OXY. APC starts around $35/hr and the high end is $65/hr in the Permian with a 10-20% annual bonus. Curious if OXY has different pay scales or are all hourly people doing the same job paid... — read more
I think there will be a layoff of lower performers at Oxy with a larger layoff from APC
I think there will be a layoff of lower performers at Oxy with a larger layoff from APC. Oxy will need to keep technical staff from GOM and the Rockies if we keep those assets. We will also want to keep the better performers from APC. This will all... — read more
Is job cut coming soon to meet Wall Street’s expected synergy?
How many percent of employees will be cut from both OXY and APV? Anyone can share your opinions?
Ouch
https://seekingalpha.com/article/4266389-stay-away-occidental-petroleum-following-markets-reaction-recent-acquisition
Retiree medical options
From the town hall at APC, it was mentioned that both companies will have a voluntary 55+ retirement option. Will this include retiree medical for those at APC that qualify for the benefit?
WTI Down Big
Currently at $57.77, down 5.9%. Great.
Stay away
Make sure you conform and there is nothing different about you compared to the gang already there. You'll be persecuted until you have to quit your job if you are different and the people doing it will tell you that you deserve it. Don't challenge... — read more
Next up: Merger with ConocoPhillips
The resulting company would be a MAJOR player in the L48 with strong positions in the Permian, Eagle Ford, Bakken, and Niobrara. And once the office move is complete, we will already be co-located.
Oxy and sems
Does oxy have sems? Will they take on sems?
Integration Process
Hearing that it will take over a year after closing to merge Anadarko's data with Oxy. Why so long? Is it due to Oxy working on the SAP project now?
Pros and Cons
Is there any pros to this acquisition for current Oxy employees bedsides maybe different exposure? I can think of quite a few cons. Namely, won’t all this debt negatively affect our raises/bonuses? Will Oxy employees have to compete with anadarko... — read more
OXY of The Woodlands?
Will OXY take over the two buildings Anadarko has in the Woodlands?
Oxy is gonna have to thread the needle on oil price and cost savings to make this work
You are right to be concerned. Oxy is buying APC at around 80x earnings. Here are some ballpark numbers...please check my math. Oxy debt at close without further asset sales (after Total sale) will be around $28B ($12B financed on closing + $8B... — read more
Damage
To damage shareholders like this was a huge over-reach. At the very least, the shareholders were entitled to a vote. Now we need to take steps to remove the entire board and executive management. No shareholder of any company gets treated the way we... — read more
How long will VH stay on
How long will VH last? Worst deal for oxy shareholders. I say next year she gone including other numb nuts on 31st
Chevron Calls It Quits
Well Oxy, it is all yours now. Chevron gets an easy billion and you own the store. Major shareholders are very angry, to put it mildly.
Should be an interesting shareholder meeting
Stock price in the $50's. $10 billion of preferred shares w/ 8 percent dividend issued to Buffet OXY shareholders have been stream-rolled
Office employees face a harsh reality
I believe that those APC employees working in the field have a much better chance of retaining their jobs at as it is those fields in Permian that Oxy, and Chevron are after, and we will need people. This includes IT, automation as well. Those... — read more
Oxy culture and organization question
For the APC people we all have friends at Oxy and there are mixed reviews on the culture. How is the first line leadership? Also, any departments there that are poorly managed that we should hope for a severance package rather than suffer at Oxy?... — read more
What is behind the $10B arrangement w/ Buffett? Is it prudent? Is it legal? Will shareholders get to weigh in?
Buffett to provide $10 B to OXY: Why? Buffet to receive: $10B in newly issued preferred shares w/ 8% dividend: Is OXY cut-off from cheaper sources of capital particularly on an after-tax basis (dividends are not deductible whereas interest expense is... — read more
LTIs and RSUs
Well, this deal will k--l everyone's retention bonus LTIs/RSUs. With the increased debt and leverage plus dilution of shares, the stock price will take a huge hit. I wonder if it will encourage some of the more experienced folks to jump ship. If... — read more
Desperation
Is it just me or does this move by VH to get Anadarko seem pretty pathetic? Am I the only one who can't really fathom why they are so dead set on getting APC when there are probably a dozen smaller independents out there that seem to align better... — read more
Anadarko Offshore Operators Need to Know!
What's the operator pay over there? What kind of benefits? 401k - Pension - HSA? Is training all overtime, split, or straight time? Help us out, we are constantly hearing BS from all sides. Set us straight!
Chevron is the better offer. Chevron stock performance has significantly exceeded OXY since VH has been CEO
VH became CEO in April 2016. Take a look at OXY stock performance relative to Chevron since April 2016. Chevron performance has been significantly better. OXY should be on the sale block soon.
Company E-mail About Anadarko Bid
Can someone post the e-mail that went out?
Why are so many people leaving?
Occidental is far from the worst place to work for - and yet I see so many people leaving on their own every week. I'm afraid it's going to turn into somebody leaving every day very soon, the way things have been going. So what's happening? What am I... — read more
We should just buy the rest of Apache
I mean, we already hired half of Apache and put them in charge. The people they have left over there couldn't possibly be any worse.
Hiring Freeze
Anyone know what's up with the hiring freeze?