Thread regarding Occidental Petroleum Corp. layoffs

Ol' Pro Wirth slam dunks Auntie V once again

https://www.cnn.com/2020/07/21/business/chevron-noble-deal-michael-wirth/index.html

The Anadarko episode helped shape the decision to make a play for Noble Energy now, Wirth told CNN Business in an interview.
"[It] reinforced our existing commitment to discipline, focusing on value creation and understanding risk," the Chevron CEO said. "We're not going to chase value."
But don't call it a bidding war.
"We never got into a war. The other party (Occidental) actually bid against themselves multiple times," Wirth said. "The war wasn't with us. It was within."

Everything rises and falls on leadership.

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| 7591 views | | 5 replies (last July 24, 2020) | Reply
Post ID: @OP+164NfbTM

5 replies (most recent on top)

You have to admire how well they Anadarko execs played it. I know they made out like bandits but they deserved it, because the shareholders made out as well. And the employees were pretty well taken care of, many walked away with two years of pay. They made Oxy rain money from the sky for that Permian acreage. They went out in grand style, right before the world came crashing down.

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Post ID: @2gtf+164NfbTM

Apply cold water to burned area

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Post ID: @2jrf+164NfbTM

All in an Oxy days work.

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Post ID: @1ydo+164NfbTM

The entire article is a reminder of just how bad of an exec she is.

Pathetic.

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Post ID: @1zwt+164NfbTM

From the article:
"We remain committed to our dividend, which is vitally important to our shareholders," Wirth said. "Not everyone in our industry has been able to say that."

Here's looking at you VH.

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Post ID: @1dpt+164NfbTM

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