The problem with the fires is that the housing was too dense. Because of the fires with time you will see more Californians moving to places like Texas. First Austin then Houston then Dallas and eventually Waco and Tyler. The Democrats are coming... — read more
Under $50 again
Starting to feel familiar... Good ship Oxy is floundering and the are rocks ahead....
Diversity program
President Donald Trump signed an executive order Monday ending “radical and wasteful” diversity, equity and inclusion programs in federal agencies, with DEI offices and programs being ordered to shut down.
Bonuses
What’s the word on bonuses? Target, under, or none?
305 Days
Is all you get paid for working 20 plus years at Oxy in a change of control package . No wonder you are irritated with the APC staff that got more than twice as much money. Oh I forgot, stock grants vested and long term incentives vested, plus much... — read more
Post Deletes
Just had my post deleted. Considering what they leave here for content, I consider it a complement. Oxy HR is a touchy bunch.
What does WB see?
Besides paying a 8% preferred dividend WB gets for his investment (PS..no one else gets this). Oxy's one year return on investment is -22%... Why not invest in Nvidia for example...Up 118% this year. I did and it more than offsets my Oxy position... — read more
Trump administration and low carbon ventures
What is the take on LCV with the Trump presidency? Incoming DOE Secretary Chris Wright reportedly believes that global warming is happening, but that is not going be a disaster and that the cost of fighting it is not worth it. If so, it seems that... — read more
This site
This site is so boring. If you want to be more like Shell, Chevron, or Exxon then please get some meaningful discussion going.
We still have it pretty good...
If you look at Exxon, Chevron, Conoco, and a few others layoffs are on the horizon for them. At least with Vicki she has been good about not having layoffs like other large companies. At Exxon they seem to use PIPS as a way to drive out many... — read more
What’s going on with the stock price? (no sarcasm please)
Seriously, please keep the sarcasm and snarky comments out of this. Why is the price still going down? COP and EOG are positive today. Crude is up close to 2%. Oxy‘s last earnings report looks good. Lots of debt, but the debt reduction plan is going... — read more
Congratulations and Merry Christmas!
Congrats on a new 52 week low stock price! Enjoy your 1 year membership to the Jelly of the Month club courtesy of uncle Warren and Aunt Vicki.
LANDMAN on Paramount+
I wince at some of the glaring technical mistakes, but if you look past that it’s a really entertaining show. Discuss below!
Low performers are the problem
If Oxy would just get rid of the low performers that would be a step in the right direction. They just let them hang on for some reason and it brings the whole company down. I know people they do the bare minimum and do that not well, but they get a... — read more
Drill baby drill, good or bad
Does anyone think that the proposed “drill baby drill” approach will result in anything but negative outcomes for the upstream oil companies? Lots of layoffs coming from this approach.
RIP DIB
DIB will cease to exist as a stand alone group with a VP, and will just be another HR program by the end of 2025.
The Great Languish
Stuck at $50.00... Bad news. Laggards are soon devoured and the bone scattered. It's just a matter of time.
Employee Harassment
For any employee harassment, contact crt@usdoj.gov or http://fbi.gov/tips
Q3 earnings
Q3 earnings look good except for high debt and pi-s poor dividend. Certainly no need for layoffs. No sarcasm here. Really.
TRC Capital Investment
Told you that you if languish long enough , a target you will be.... by Canadians!. Wonder if Canadians care about WFH and bonus season whining comrades?....
Retirement and RSUs
Anyone know what requirements must typically be met for the Company to consider your wanting to leave a “retirement” in order to get paid a pro rata portion of any unvested RSU awards?
Occidental Petroleum Layoffs 2025
This is a generic discussion thread to capture comments about potential Occidental Petroleum layoffs? Any chatter, news or rumors?
You Think Its Bad Here Go To BP or BPX
I just left Bpx and I gotta tell you! That place is garbage. You'll regret your choice to go there. The culture is toxic. The business decisions are trash and the opportunity for career growth is non existent. We have it pretty good here at OXY... — read more
Chevron and COP ending WFH 01/2025
Will oxy follow suit? The hybrid schedule is the only thing keeping me in this dying industry:
$50.63
Welcome back to Feb 28,2022; the last time we were here. You languish in purgatory for a much longer and it will be bye bye Oxy... Hello Chevron or Exxon..You pick. You brag about being a big boy.... stock market doesn't think so.
What’s with the Teslas in the parking lot?
Don’t we work for an oil and gas company? Seems pretty hypocritical to be paid by oil and gas for a living g and yet drive a Tesla to work that uses far less of the product we produce.
Congratulations!
Occidental Petroleum Corporation (NYSE:OXY) is an energy giant that acquires, explores, and develops oil and gas properties. The company has had a rough go in recent months, resulting in the stock shedding more than 10% in market value, making it one... — read more
How do bonuses work?
I believe our target is 20% but I've seen people get more than that. Will this year bonuses be good?
New engineer here and just got my 1st project. How to be successful
New graduate here and was wondering how do I be successful, it seems the engineering department I'm in is sorta a mess and not getting too much help from the senior engineers so kinda on my own
Staffing and people needed
I don’t see Oxy laying off at all. It seems we are understaffed in many departments with no lack of work. In my department which is technical you could literally work 12 hour days and still have the same workload the next day. It is not about being... — read more
Oxy Stock in Free Fall
What is happening?
Where’s sugar daddy Warren?
https://www.barrons.com/articles/berkshire-hathaway-occidental-petroleum-losses-c796291a?siteid=yhoof2 Uhoh. Warren is losing faith in us and isn’t going to keep propping up our stock. “On Occidental’s third-quarter conference call, Holub cited... — read more
CEO fired for poor share price performance
Tim Duncan, CEO of Talos, was fired for poor share price performance. Talos also hopped on the carbon capture bandwagon. Oxy’s share price has been on a consistent negative trend over Vicki’s tenure. She’s leading the company to invest in money... — read more
$54 share price
Keep sliding and see what happens. Even your crazy debt load won't stop someone from buying you at a fire sale price. Keep your resume current, going to need it.
Shell laying off hundreds in low carbon and exploration
https://www.msn.com/en-us/money/markets/shell-to-cut-20-of-oil-exploration-jobs-extending-ceo-s-cost-cutting-drive-reuters/ar-AA1pEIcP?ocid=BingNewsSerp I wonder how far behind Shell that Oxy will be. This whole thing seems like it has been a way to... — read more
Stock Price
Why are you trading so low when the limited amount of information trickling out of the quarterly presentations looks so good? Lots of happy Oxy geo staff this week mingling at the AAPG/SEG convention in Houston this week. Can't find oil except thu... — read more
Mohnish Pabrai on Munger/Buffet and OXY
One time, I was talking to (Charlie Munger) and he mentioned that he would love to have an investment in Exxon if he could get a commitment from the management that they would do no more cap-ex and they would simply run all the oil fields with the... — read more