It’s been about six months since the CR acquisition closed. What do the CR folks think of Oxy? What they expected? Better? Worse?
Are they being treated any better than the Anadarko employees?
13 replies (most recent on top)
@nx+1, time to move on old fa-t.
You can always leave if it’s so bad. That way you won’t have to say “our” or “we” anymore. You will be free from that burden.
@m6+1 Nice list of constructive counter arguments, using facts and examples, putting forward a strong argument for a different opinion and defending the company like an adult. The Oxy way, right? You just proved my entire post. I'm guessing you are in safety and wear a 'Piper Alpha Proud' badge, right?
@ht+1, and yet you are still at Oxy. LMFAO.
Just ride the wave at the expense of the shareholders. This company will never be bought. The Board of Directors will keep buying more companies to keep the debt level high. No other company will want this trash. How did this company get this way?
It is an insult to those who worked for this company as well as the great people who are working for it now.
Oxy pays competitively... I am legacy APC and discussions with friends still there is that their pay and benefits package is equivalent to APC. I worked at a company that considered itself a mini major. Work conditions were not ideal but my pay was truly outstanding. CR employees must have had access to a change of control package during the buyout. The ones who stayed had a reason to do so. Ride the wave and cash out when Oxy is bought.
Why would a CR employee stay? CR ki-led it, and their people are generally decently respected by the broader public E&P and PE space.
Unless you're wanting to "rest and vest" at OXY for the next 20 years, why not take the 30-50% pay bump to work with smarter, more motivated peers elsewhere?
Silo type departments constantly playing the CYA game and always looking to blame someone else (one development engineer who was despised at Elk Hills actively mentors this here LJ), our safety department doesn't care about safety and just undermines people without providing real solutions or constructive plans or input. We are not respected by our peers as an operator with one of my former reservoir engineers leaving due to zero development/support/management for an independant where he is giving the freedom to grow and not be constrained by managers who hire women from bars instead of qualified people. Then there is our operations track record that includes all of the embarrassing and significant incidents over decades of time that have made the company name toxic. How much did we lose on ND? The pay is poor compared to other O&Gs (My friends at Chevron get an 8% match for 2% contribution on 401K) and our turnover of staff hardly reads like a desirable place to work. Look at the debt, we cant develop good assets we have to acquire them. I could go on and on but you get the picture.
please elaborate @d1+1jk4cfx9r
My best guess is the CR employees can handle a mid weight e&P company like Oxy. If you have that much prep before meetings , management has little faith in it's staff. Could also be the dreaded paralysis by analysis disease that is the fatal flaw for most stricken with it...
Could it be it is just culture shock with CR employees not used to working in a big oil environment with plan after plan after plan and pre-meetings for pre-meetings before the meeting. Not to mention 5 levels of review on a PowerPoint ahead of a meeting with a VP.
Former CR here. Occidental is everything we were warned about and worse. No hiding why this company has the reputation it does. Now seeing it firsthand.
CR folks have to be thinking that they were better off fours ago.