Thread regarding Occidental Petroleum Corp. layoffs

Merge with conocophillips is also a solution. Let’s see what happens.

Oxy will never, never overcome this train wreck of a deal. Oil will have a bad season soon enough and with $40 oil, Oxy will be drowning in debt and starving for cash. Piece by piece they will sell off assets and then the hard truth will have to be faced; they will cut the dividend...... Nail in the coffin, the stock will plummet. Next the super majors will buy up the truly valuable assets and Oxy will be an empty shell. Run now and save yourself the inevitable pain. Oxy is a sinking ship.

The market agrees with the capital destruction at Oxy. Market cap of Oxy is now $34 Billion, when Oxy paid ~$57 Billion for Anadarko including debt. What a train wreck.

https://finance.yahoo.com/news/icahn-says-occidental-won-t-212309458.html

Oxy staff have no control over this website. It’s privately owned. Take off your tinfoil hat.

Something to think about next time you wanna spice up your post with a name drop or a personal insult. ?? My post stayed up there for a month until Oxy staff took exception and went on a tantrum tirade - didn't stay up long after they spat the pacifier out at the facts I posted. You always get the best reactions with the truth -giw, but some people would rather post about petty site policies than the real issues at Oxy and with their staff. Its a deflection tactic used by a certain kind of person.

I think if VH didn't bet the house on this move, then with Chevron buying APC and few years down the road, Oxy's position and ability to compete in West Texas would have diminished to the point of becoming irrelevant.
If that's the case, then the aggressive move and overpaying is holding the line against the majors taking leading positions in WTX and a valiant last stand that could become a winning bet.
I understand that no matter what the top brass will get ahead and currently people on the ground have their lives impacted and possible more to come unfortunately.
I am not saying there was no other way but that was likely the choice, stay the path or mix it up and try to get ahead.

@11Z1gOA4-klk, seriously? Have you seen the homepage of this site? Do you think that of all those companies listed there, only the Oxi staff is “smart enough” to complain and ask for something to be pulled down? Doubt that. Yet, somehow, hundreds of thousands of employees manage to pass relevant info to each other. Bottom line, anyone can complain, hell, even you and I can report every single thing posted here, but if something gets pulled down it’s because it’s either illegal or violates the site rules.
Something to think about next time you wanna spice up your post with a name drop or a personal insult.

Does it mean white collar criminals?

Careful?

You miss the points made.

And setting ex-APC staff vs ex-OXY staff is a non-productive exercise when the villains of the whole charade are the EC’s of APC and OXY.

Oxy’s EC and upper mgmt abettors pursued APC for almost 2 years, continually upping the offer with more and more cash.

APC’s EC and their mgmt abettors string Oxy along until - voila! - CVX came in at the stroke of midnight with a lesser value offer that was immediately accepted by RAW and his EC. No crimes committed there? Funny that RAW and his EC more than doubled their exit compensation with that CVX deal.

Then, Oxy pursued APC with ever more zeal to beat out CVX with a deal that made no sense.

At least APC EE’s can get CoC and their stock holding values increased quite nicely.

OXY EE’s got a lesser VSP and left or are staying; both with much reduced stock values.

So RAW and his cronies got a boatload of cash for messing up APC and VH and her cronies made a terrible deal that may be the worst capital destruction in O&G M&A history. Whatever happens in the future, VH and her cronies will get big-to-huge payouts anyway, despite throwing Oxy shareholders out with the trash. Remaining Oxy and remaining legacy APC EE’s will bear the brunt in the future. Hopefully they can save the company and their honor, knowing that VH and cronies will get lion’s share of the goodies. And if they work their butts off and it all falls apart anyway, they’ll get the short end of the deal and VH and her cronies will still get a big payout to bow out.

The whole thing is that Crony Capitalism gives capitalism a bad stink.

Careful OP. Oxy staff are known to complain to this website when people speak up against them. They push to have dissenting posts taken down - just like they silence the people they persecute in their workplace environment. Its part of the Oxy culture. Still, got to love them getting what they deserve right now.

Dumbest move in O&G Mergers!!!