Topics regarding layoffs at Occidental Petroleum Corp.

Topics regarding layoffs at Occidental Petroleum Corp.

OXY Embedded Contractor Question

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 

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.

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| 1430 views | | 1 reply (May 23, 2019)
Post ID: @OP+Zcw0VFv

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?

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| 1570 views | | 1 reply (May 17, 2019)
Post ID: @OP+Z6hjCKV

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 

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.

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 

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 

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| 1930 views | | 1 reply (May 1, 2019)
Post ID: @OP+YPbv7oj

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!

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 

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| 1950 views | | 2 replies (last April 24, 2019)
Post ID: @OP+YIRQB6A

Hiring Freeze

Anyone know what's up with the hiring freeze?

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| 3320 views | | 4 replies (last December 23, 2019)
Post ID: @OP+YqUNwww

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