Gulf, Me, Africa Oxychem?
Permian is never going to sell as its a toxic Ponzi scheme
Keep selling .. need another $2 billion in Q4
23 replies (most recent on top)
@2jvy+17fI5T0Y Hahahahahahaha. And wait for WTI to go back to $100/barrel. Hilarious.
SELL SELL SELL $$$$$$$$$
Everyone knows shale is close to a scam. No one is buying it. Only Permian EOR can trade some real cash
@2jvy Honesty and zero politics in shale teams??? 🤣 impossible...
Don’t make me laugh
Get Turak Makto !
They know that EOR is the backbone. They need to look into the shale leases, rank them, and start selling. The trick is to keep the evaluation honest and keep politics and emotion out of it. Oh, and don’t point fingers and don’t punish the guilty unless they deserve it.
Permian EOR is the backbone of OXY. OXY NEEDS EOR. Leave EOR alone!
When bad management decision is made, they will keep making worse decisions unless the management team change. With current management team, they will probably chose the good performers to go.
What makes us furious most is that the real value adding job does not bring us any benefit, no promotion , no salary raise, and no record. Besides, Once you do something good and open doors for more opportunities, they move you away and put someone they like to collect the fruits. Those fruits help them to move up so we get more layers to exploit us.
This toxic culture is really demotivating . Wanting a Clean house to the management is a dream for “justice “.
Agreed. The problem is that the slackers often have a better line of BS and are perceived as being valuable. They are the ones who are supposed to do technical work but make up
conclusions from powerpoint slides originating from different and inconsistent assumptions. Generally no one calls them on this sloppy work. We might as well hire people without technical degrees.
I think the good performers that are doing real job want to have the lay-off . It is really unfair for us that are working hard to do all the work with slackers just enjoy the vacation like WFH.
It is time to just lay people off based on a combination of performance, current need, skills base, and retraining potential. Enough of this nice person approach. It has become a spoiled workforce.
I keep seeing post that seems like the people are saying they want to be laid off. I for one need a job and want to keep working. With the reduction of properties maybe Oxy will get the ones out that don't want to be here. They have their reasons, so I respect that each person has their own reasons. LOXY will just be pushed out the door with less of a severance and that just makes good business sense, but don't push good workers out and keep the ones that don't want to be here. The name your price game worked, but since oil is at 40 maybe pay a little more out and let those that want out the ability to leave. If you are LAPC and want out you just need to accept less or stay here and pitch in to help Oxy through these times.
If they dont sort the Algerian lease extensions soon they will likely lose them and they will lose a bit fat cash cow
If they sell more assets and don’t have a workforce reduction there is something wrong.
I would be interesting if OXY shows his net cash flow including acquisition cost for different businesses, OxyChem, Permian Resources, Permian EOR and International from 2015
I bet the next one will be the Permian EOR. Hope then oxy will be debt free with all the glorious shale play left
LAPC is expiring. we may want to sell it before it all goes away in a puff... we may never get to drill it and develop it the way she wants it! lots of check board leases need tittle opinions. all the knowledgeable landmans are gone! we are left with 2 VPs and a young demotivated base. try flooding the shale, overpromise and underdeliver
This is like having a garage sale at home every month so that you can pay the mortgage for the next month.
all I can say is everything is on the table. “we will sell at the right price” she has said before. the vultures are circling above and we are badly hurt, no defense. desperation is plenty.
Oxy!
I don’t see what will International oil will be left after the next sale unless it includes Algeria
So sell the assets and fire the employees so they dont infect another company?
Oxy employees have no honesty, integrity, ethics or accountability - so can't sell those out.