https://www.bloomberg.com/news/articles/2020-06-08/occidental-said-to-review-middle-east-assets-in-bid-to-cut-debt?sref=I5jUJbND
11 replies (most recent on top)
Chazen tried to sell these assets before he left the company. Just another one of his less than stellar ideas. He always wanted to get rid of successful business deals that Irani was the sponsor off. He destroyed more value then he ever created at Oxy. Just review old press releases. The assets he purchased were always sold for about 10 cents on the dollar.
Sell something for f— sake. Total won’t buy Algeria. Total won’t buy Ghana. You won’t sell Permian. You won’t sell GoM. You f—ing can’t keep it all!
More cash to waste on the PSPS (Permian Shale Ponzi Scheme)!
Losing money? No worries! Double down on it! We’re sure to make a profit next year. We’ll figure it out.
If not, golden parachutes for all execs. A win-win situation. Damn the employees, full speed ahead!
@tqg+15nLcUrR if they go, the mystery of what Sandy Lowe actually does may never be answered.
Shameful? What OXY has done to employees, shareholders and everyone they have come in contact with is shameful. Loser
These comments are shameful.
The bit about any inappropriate activity regarding Oman was very offensive.
Maybe the international executive leadership can go with it.
VH gave us the longest “heartfelt” public condolences when the sultan passed. I guess now he’s dead, the deals over. I wonder if she had some bribery going on and now the new leader won’t serve her. Open your eyes people. She is a crooooookkkkk!
Yet another company mortgaging cashflow positive assets to fund the shale money pit.
Oh man...