Topics regarding layoffs at Occidental Petroleum Corp.

Topics regarding layoffs at Occidental Petroleum Corp.

Massive Loss of Jobs

Job Losses: More than 100k oil and gas jobs lost in the U.S. (-45k in Texas) ⁦ @RystadEnergy⁩ says. It expects a wage decline of at least 8-10% going into 2021. Here’s a completely empty man camp in South Texas last... — read more 

Covid 19

Covid cases going up, I really hope OXY doesn't try to make us go back to the office anytime soon! Its everywhere in Houston.

OXY - the home of Inequality

Protests couldn’t come any worse time for Oxy. Protests are so relevant to Oxy culture inside. VH strives for gender equality and ignores all other inequalities.

Protest

I say we all show up at a Greenway to protest OXY and it’s terrible policies and criminal activity!?!? If we all showed up together at once, maybe they’ll start listening. It just might make the Wall Street insiders who voted to keep VH think twice... — read more 

Covid Cases Rising Drastically in Houston

Highest hospitalization rate on record for Houston area in the past few days. I’m curious how OXY is planning to return to work safely. Seems like Covid really ramped up since reopening. They really should just keep allowing us to safely work from... — read more 

PTO Policy

Has anyone heard what the plan is for banking excess PTO? They put that on hold due to COVID. We were going to get to one time bank up to 120 hours to pay on departure before they pulled the date to further notice. I’m sitting on 200+ hours - plus... — read more 

Well...bye 2.0

https://www.thestreet.com/investing/chesapeake-energy-plunges-amid-chapter-11-bankruptcy-risk?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

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Post ID: @OP+15nk2hms

Well....bye.

https://www.marketwatch.com/story/california-resources-could-file-for-bankruptcy-this-weekend–wsj-2020-06-08?siteid=yhoof2&yptr=yahoo

BOA and VH are crooks

BOA advised OXY during the acquisition of Anadarko (against most analyst and industry leaders telling otherwise) Of course they would bait people today with a stock upgrade. Pump and dump is the oldest trick in the... — read more 

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Post ID: @OP+15npT7Kd

Oman for sale?

https://www.bloomberg.com/news/articles/2020-06-08/occidental-said-to-review-middle-east-assets-in-bid-to-cut-debt?sref=I5jUJbND

Counter offered on VSP?

They said there would be no counter offers on the name your price VSP if yours wasn’t accepted. However they did send out counter offers last week. Anyone taking them? I heard they aren’t good. Has anyone left with the name your price deal?

Executive Change in Control

Do the executives get the new change in control package that was just put into place if the company goes into bankruptcy?

Return to the Office

How does everyone think return to the office will go? Will it start July 1st for non-management employees and will there be a rotating system or will we all return at once?

Why Corporate Jets?

Why does VH have 5 corporate jets if there is no money? Who is using those private jets? There is no money but you can have jets and fuel and no where to go. Doesn't make a lot of sense no one talks about that.

Anonymous

OP, shut the h*ll up. No one wants to be here anymore for 70% pay to do 4X the work. OXY is a disgrace. You are clearly a yes man middle manager or HR. Either way, you are disliked by everyone at the company.

Why Oxy won’t fail

Has it occurred to anyone here that Buffett and Icahn money is invested and that’s a good damn guarantee we will survive. Vicki was bold. Every company is doing poorly. We need to stop b–ching about this being anything other than a pandemic issue... — read more 

Stock price over $20!

All, does anyone know why the stock is up over 27% at the moment? Maybe word leaked someone is looking at buying us out? fingers crossed

The virus was just an excuse

So oil was 36.35 on 3/11 and we were all making our regular salaries, and then oil took a steep turn for the worse, and then started the climb back up to 5/15 price of 29.43. The day the pay cut was announced oil was 24.00. Today the price of oil is... — read more 

How to pack a Golden Parachute.

CASH - The executive would receive a cash severance amount equal to 2.00 times (or, in the case of the Company’s chief executive officer, 2.99 times) the sum of (A) the executive’s base salary (based on the highest base salary in effect at any time... — read more 

I’m committed

I’m committed, committed to giving all of me despite the circumstances. The decisions made whether good or bad will not cause me to complain but focus on what I can do to be a better employee. My parents NOT Oxy instilled this in me! In the end... — read more 

We are Oxy!!!!

Remember guys, We are Oxy!!!, we are the best damn company to ever grace the oil and gas industry, we always are coming with revolutionary ideas and have the best leadership anyone can ever ask for, don't be surprised we end up buying out Chevron or... — read more 

ROCS. “One team. One goal.”

“ROCS safety portal is live.....All Oxy employees should use the safety portal to report all safety and environmental incidents or near misses...” Next sentence advises it doesn’t apply to LAPC employees.

Fireside Chat with VH???????

BWAHAHAHAHA!!!!! This is insane on so many levels!!! This proves once again how clueless she is. Fireside Chat - Oh yes we all feel so close to Aunt Vi. Let's just cozy up to her around the fire after she's jacked around with us for over a year... — read more 

Stop wasting so much money on the carbon stuff

VH states we have to have a climate change story. But why can’t that story involve shelving of the carbon projects until the company is in good shape again? They are the reason our cash flow is still challenged and the company can’t even afford... — read more 

Pension

I know our 401k is protected by federal laws. But is our Oxy pension protected too in a ch 11 or 7 bankruptcy? The answer to this will determine if I need to leave Oxy now or later. If anyone knows, or has already spoken to a labor/corporate lawyer... — read more 

New BOD

Icahn is our daddy now! He will control VH like a puppet and if prices do not recover layoffs are coming with minimal severance. OXY HR - You are the scum of the Earth. Most employees look at you with the same disgust as the rest of management.

Job Board

Hilcorp is hiring a JIB Accountant https://www.hilcorp.com/work-at-hilcorp/careers/ Go for it! Oxy is a deadend h-hole.

Failed IT Integration

It’s a shame to see how this failed integration has revealed the incompetence of Oxy IT management. We’re now 10 months from the merger and hardly anything has been integrated. L-APC still operate on a separate computer system and struggle to... — read more 

Oxy announces dividend

Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on July 15, 2020, to stockholders of record as of June 15, 2020. This is an update... — read more 

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