From her start in 2016 to mid 2025, Oxy’s value dropped from around ~$54 billion to around ~$40 billion.
Occidental Petroleum cut to Sell equivalent, Devon Energy upgraded at J.P. Morgan
Occidental Petroleum (OXY) -2.5% in Monday's trading as J.P. Morgan downgraded shares to Underweight from Neutral with a $44 price target, cut from $51, citing relative valuation and the company's above-average balance sheet leverage given a cautious... — read more
Layoffs
Why didn’t VH have Q&A at her townhall. Seems like something is brewing. Surely she knew people would ask about the VSP and layoffs.
RJ to be the next CEO?
Literally he just talked about is life and growing up for a quarterly meeting, seems like she's trying to pass on the crown to him
No expected layoffs
It seems there might not be any layoffs from the general pool of people with the exception of those that took the VSP. VH didn’t address it and it seems the company is well position for the future. What’s your take on the townhall? Have you heard any... — read more
Anyone not taking VSP fear an involuntary severance?
Just wondering if those who are declining the VSP they are eligible for have a concern about being laid off involuntarily with less benefits.
Last month at Oxy coming up.....
Took the VSP and now going to the next phase in my life. Oxy has been really good to work for and I appreciate being able to leave on my own terms with the help of the VSP. I wish all those that are taking the VSP well on this new journey in life... — read more
visas
Are visas being renewed for foreign workers on temporary assignment in the US?
Karma troll
Karma troll, why are you sad? Karma troll, oxy isn’t that bad. The grudge you carry is a burden. For that your wife and kids are certain. Move on with your life and let it go. You will be happier that’s for sho.
Forced ratings
Overheard in the hallway that managers are being forced to rank their teams across all the ratings, even the lower ratings. Has anyone heard this ??
Layoffs?
When are they happening, best guesses?
VH vision is paying off at Oxy
There is no doubt that VH and her leadership team are doing a terrific job at Oxy. She is focused on her goal of making Oxy a great company. Her almost one decade of experience as the CEO has made Oxy a well respected and recognized name in the oil... — read more
Tragedy king look
Piper guy yes we are hereby naming you tragedy king! But did you saw the great financial results not trying to rub it in. Wishing you and your family the same negativity multiplied 100000 times.
Any chance of OxyChem VSP?
I wouldn’t be eligible but my boss would be, and I’d love for him to move on. But I’m guessing there’s no way - OxyChem will probably be hiring more if anything.
Happy Days
Occidental Petroleum (OXY) is preparing for its Q3 earnings report, expected to show a 52% decline in earnings year-over-year. Recent developments, including a 10% drop in stock value and mixed analyst opinions, are reshaping the company's investment... — read more
Layoffs coming to Oxy!!! Test the direction and resolve of new COO and refresh Oxy (people, culture, assets)
A few weeks ago thee question of layoffs was posed. The response was VH promised no Layoffs and we are lean and mean… The street and influential groups think Oxy is stale and requires a rebrand both within its teams and its assets. A definition of... — read more
Expand the VSP to 55+
Please…I know a lot of coworkers who would take it easily!
Layoff risk
Who is most at risk of being laid off? Is it based on salary typically or what is the criteria?
Do we have enough 60+ people
Do we have enough 60+ people in Oxy that will be enough not to trigger an involuntary layoffs? I don’t know what percentage of people they are looking at reducing if it will come down to letting more people go in the coming months. What’s your take... — read more
VSPs
Just came through… thoughts/details?
Any word on the street regarding layoffs for 2026?
Has anyone heard any rumor or gist from leadership or a manager regarding if there will be any layoffs planned for 2026?
Oxy and Chevron merger? Lots of efficiencies
As Oxy gets smaller, less complex and has less runway…it’s time to think about an exit plan…the leadership has to be thinking that Buffet is less than 600 days from expiration and self enrichment is the best strategy for the company. Oxy will not... — read more
The Big Beautiful Layoff of 2026. predict when and what’s the narrative?
Something huge is afoot at the highest echelons of Oxy…We are witnessing real time projects to simplify the companies process and eliminate inefficiencies. There’s increasing chorus to perform a 15-20% layoff in 2026 to satisfy the market and reduce... — read more
Oxy chem sale not leading to redundancies
There’s been a lot of snarky posts indicating that the sale of Oxychem to Berkshire Hathaway is going to lead to a lot of people not having any work to do resulting in layoffs. I don’t see this happening. Berkshire Hathaway is well known for not... — read more
Oxy selling Gulf of America assets? Individually or the whole thing?
Seeing lots of 2nd tier GoA acquisition players both in the office and some have made it offshore. This is not platform tie back or host opportunities. What GoA assets are on the market? Does the strategy to simplify and improve asset quality make... — read more
Did Christmas Come Early?
https://www.digitaljournal.com/pr/news/vehement-media/berkshire-hathaway-acquire-occidental-petroleum-112390417.html#google_vignette
VP AI?
We have one? What exactly is our mission statement?...
Employee Engagement Survey
Was this actually anonymous like oxy said? I’ve heard mixed stories on whether these are actually anonymous or not.
Going to be a rough start to the day...
Oil opening in 58.00 range and Oxy stock in 41.00 range. Hopefully, we have a lot of our oil hedged much higher.
401K Catchup contributions going away in 2026
I guess I was a sleep at the wheel and misssed this announcement. Did anyone hear from Oxy about the new rules for the catchup portion of our 401K. It looks like you might still be able to add to a Roth, but I used the pre-tax catachup for years now... — read more
What’s the word on the street?
With the low oil price environment which doesn’t seems like it will improve soon, any news on the street if there will not be layoffs in Oxy? Any thoughts if the OxyChem sales will lead to headcount reductions in the upstream side of the business?
Barron’s: Occidental’ s CEO Is a Favorite of Warren Buffett’s. She’s Been a Bust for Investors.
One of Warren Buffett’s favorite CEOs,Occidental Petroleum’s Vicki Hollub, hasn’t delivered for investors. Since Hollub, 65, became CEO in April 2016, Occidental stock has been in the bottom 10 stocks among the 50 in the S&P oil and gas exploration... — read more
Oxy Door Dash
Sadly, Occidental Petroleum's EBIT actually dropped 8.8% in the last year. If earnings continue on that decline then managing that debt will be difficult like delivering hot soup on a unicycle... — read more
Layoff coming?
With RJ taking the COO role, will there be layoffs coming?
P/E was high, now will be even worse
Oxy P/E at the end of 2024 was 19. It was 26 last week before the chemical sale announcement. Average P/E for oil sector is ~14. This is what has held the stock price down - no investor wants to pay an exorbitant price for a stock with minimal... — read more