I know a lot of folks have issues still working for Oxy, but really they have been great with WFH during the pandemic. They were very understanding about the freeze, and have reached out to help employees that need help. Say what you will, but Oxy has been there for the employees during some tough times recently, so I think the company is doing a very good job for the employees. I have worked a few oil companies and have not found any that exceed the support Oxy offers their employees.
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Oxy will never recover from this acquisition until all angry people are gone.
It just shows how spoiled Anadarko employees are. Go find any oil company giving huge bonuses for the work done in 2020. Oxy at least is giving people 50% of their target, and many did not even earn that. There is no way APC would of given 100% of a target during 2020, so you really can't hold that up as a measurement. Many companies merged and went bankrupt in 2020, and you still think you deserve a huge bonus. I just don't get the mentality of some of you in regards to what you think you deserve. If you did not have that COC in place you would be hosed like the rest of us. The fact you have security for another year should be your bonus. I view you guys like a kid you buy a car for. You get them a nice Toyota and they come back and say they really wanted a Mercedes. Your not getting a COC so why continue to complain during these times.
Good grief. It’s not wfh. The culture was torn apart by the mistrust caused by the acquisition and the subsequent different treatment of legacy employees. And now the latest is even more evidence of how hard it will ever be to build a united culture. LAPC are screaming “unfair” at not receiving individual contribution credit in the bonus calculation and LOXY are saying “seems ok to me. I’m grateful.” This just highlights again how different we are and how clueless Oxy is at attempting to bring us together.
Something must have changed in the past few years. The company did a lot for Oxy employees during Hurricane Harvey. There was a lot of genuine caring from all levels of management. It could be the fact that people are not in the office so there is significant emotional distance between people now. If you the company to care then this work from home must end.
Oxy says a lot of things, but when things get tough, don't be surprised to find a knife in your back. Everything is fleeting, even this. I would hope organizations would be understanding about the freeze, seeing that electricity was going in and out or not there at all. I've worked at other companies and they've done more.
Any opinions as to how bad the petroleum job market is now compared to last year at this time( pre covid)? Are people getting jobs now that oil prices are doing well?
What is LAPC vesting in that would allow for a person to leave? Would you really leave with no jobs out there? I say if it works out for you good luck, but I don't think you will find a company with the same benefits in this environment. It is time to go if you are so unhappy. Just take it with you.
LOXY is rotten to the core
LAPC vesting's are coming - open your bank accounts as ore Oxy cash pours in
Sell your stock and warrants immediately as this company stock is dead money
But who knows you might also get a 200% bonus. This place runs in odd ways, always has and always will.
I think the bonus will be 100% of target! Especially since the target was decreased
@1uog, sounds like you know for sure they are giving out bonus then. Also, you are one with 25% target.
Just FYI not all employees in West Texas got their 30% pay back as of to date in talking about Anadarko Employees so at least some of y’all got your pay back!!!!!
As long as I get a bonus that covers the 3 months of salary reduction I’ll be fine. The whole industry is terrible and I doubt most companies in the Permian will be giving bonuses this year.
The 30% reduction was for 3 months, so it was a 7.5% reduction for 2020 salary only.
@dzn, with the 30% reduction, it turned out more like a demotion for you.
Of course not the same standard for the rest of us. Vicki and her buddies who made such a sh–ty deal don’t deserved to get their sal back before they fixed the problem they started. Don’t forget they already have enough in their bank. They don’t really need the adjustment for retirement or anything.
I was told I earned a raise and promotion last year that was put on “hold” due to oxys boneheaded apc acquisition and the price of oil. Then we took a 30% salary cut for 3 months, and as of right now haven’t received any kind of bonus for 2020 and likely won’t get a raise again this year. All while VH gets her salary raised back to $1MM annually for completely screwing the company. Oxy only holds low level employees accountable but none of the higher ups. Any of what I said above is just one example that shows they don’t treat employees well. Bureaucracy and different standards for different people.
It is their treatment of shareholders that is bad. Some employees are also shareholders and have lost significant money over the last year. You could argue that they should have known better but there was no indication that the dividend was going to be taken away.
Better how? What is it that they’re doing wrong regarding employees? I still don’t get what certain employees complain about
You can also say that their employees have stood by them through rough times and deserve to be treated better.