I don’t understand why everyone is so stressed about depressed stock price? Look at all Shale producers and majors they are in the same boat like Oxy. Companies like ConocoPhillips cut their dividends long back during 2017. It is a good decision to cut dividends until oil goes to values where they are sustainable. Now if there is still resentment about Anadarko take over, grow the f up. No one had time machine to know these extraordinary changes in world and oil markets. Stop constant complaining and start thinking of innovative ways to contribute to better do the business.
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Are you an F’ing mo–n, OP?!?! It’s called risk management! Yes, nobody has a crystal ball, but you don’t go out and leverage yourself to buy a Lamborghini when you can only afford a Lexus! VH bypassed the shareholder vote because she knew that the wiser investor community would say no to such a mo–nic deal. She doesn’t deserve any sympathy for being incompetent and arrogant. She should not be the CEO of what was once a great company. And frankly, soon she won’t be. Icahn will put a stop to that. Chill out?!?! What do you think he’s going to do with our company now that he’s the largest shareholder? You think we’ll all have our jobs a year from now? No, we’re going to be broken into pieces and sold off, and we’ll be lucky to keep our jobs with the highest bidders. Don’t compare us to COP or anyone else in the industry, because nobody else is in the same situation as us. I’m not sure if you’re blind or just plain stupid, but STFU.
This guy is part of the kool aid gang. You must be getting a golden parachutes or you are compensated more than you are worth. If you are part of the decision makers then you you don’t deserve to work at Oxy. We are in the situation because of people like you. Oil was at $26 in 2016. Do people on 31st floor have amnesia.
Everyone knew APC was a terribly risky and overpriced deal, even most of those with misaligned interests that pushed for it!
@OP+13WDjTr4 can you list any innovations in the past 5 years that you guys feel very proud of? see how many scams? full of shames from top to down.
It doesn't take a time machine to realize one shouldn't bet the company on oil prices going up when major producers are sitting with a couple million barrels a day of spare capacity.
Seriously, the employees don’t have any input into what’s done and not done, most of them are great full for a job but with the amount of stress and low moral at work it’s hard to want to go to work, they have no control, no input , nothing but to just wait and watch. Not like anyone else is doing much hiring right now.
Legacy Oxy at it’s finest...
Stop drinking kool aid atleast now.