Topics regarding layoffs at Occidental Petroleum Corp.

Topics regarding layoffs at Occidental Petroleum Corp.

Hunger Games

Hunger Games, Lord of the Flies, Hundred Flowers Campaign...its not going unnoticed by those on the outside. https://twitter.com/Midland_Mafia/status/1260293502140907527

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Post ID: @OP+14W1Ac1p

Let's make a deal! C'mon down!!!

Just remember folks, VH makes a million dollars a month. Now take these Wal-Mart floaties before we push you off the Titanic.

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Post ID: @OP+14WZwinF

Oxy Debt

$6.5 billion due in 2021. Good luck, you will need it.

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Post ID: @OP+14WQINC2

Greenway Return

I think the plan was June 1st. How does the voluntary separation change things? Do the d—beats that are leaving really care about HSE? Even worse about the executives don't show up. I would not want to be exposed and then lose my job a week... — read more 

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Post ID: @OP+14W2WoXY

Shut the heck up. if you are so

Good as you think, file for one year severance and go get another job and if you are not that good stay and shut the heck up.

Ask for at least 24 months

Everyone ask for at least 24 months, no less. Leave them no choice but to accept the lowest offer of 24 months.

Why such drastic measures if oil prices are rising?

According to Crude Oil Prices Today WTI and MARS is back up over $24/bbl. Why is OXY management still trying so hard to alienate all of their employees. When and where will it all end? Moral is already at an all time low and with additional... — read more 

Case Study- The OXY Story

God I hate VH and I hate this company. Case studies will be written by grad students for the next 50 years on how corporate greed and mismanagement of fiduciary duty to stockholders completely ruined a once great company.

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| 1580 views | | 4 replies (last May 13, 2020)
Post ID: @OP+14WNffmL

Opinion: 'Double or Nothing’ Gamble

OKB and MPU initiated the idea of APC acquisition and executed the plan to finalize said transaction. That transaction included getting $10B (at 8% per year) from Berkshire simply to avoid a shareholder vote they knew they would NOT win. How did... — read more 

Sneaky Stragegy

This is the dumbest most bizarre email I think I have received in my 35 year career in this industry. The ONLY reason they are doing this is the APC COC. Otherwise they would simply go and whack a bunch of people and be done with this... — read more 

Paycuts coming again

Did everyone catch the fact that the email says: "Maintain capital activity at current significantly reduced (or lower) levels through the remainder of this year and likely into the first quarter of 2021"... All that means for us L-APC folks... — read more 

Voluntary Resignation Offer

LOXY. Just received the email requesting (if I want) what my number of months severance would need to be to voluntarily resign. Is this a sign of layoffs to come? If not then what are people putting / what is management expecting? If I fill it out I... — read more 

Is there any hope for OXY?

I'd like to hear what you think about OXY? Any hope this company survives? If yes, what are the conditions for survival? Do you suggest staying in the company?

Management position at a discount rate...

I bet many of these managers are unhappy themselves with the paycut. They are paid at a discounted rate, compared to their peers in the industry. And yet they have to pretend they are okay with that and at the same time convince others to stay... — read more 

Chevron Next

Any predictions on what the Chevron premium on the stock price will be?

ConocoPhillips Office and lack of due diligence

This was another clueless act from a clueless management..... while they were thinking of buying APC without any due diligence , they bought that old ConocoPhilips building with no analysis, what so ever, on what happens if we actually go through... — read more 

goodbye Oxy pension

”As you are well aware, the combined impacts of the COVID-19 pandemic and the disruption of the oil markets have had a significant impact on Occidental and require that the company significantly reduce costs. Consequently, Occidental will freeze... — read more 

More concerned about money than employee safety

"The updated MSA with Industrial Scientific has been approved and we have begun migrating from the MX4 quad gas monitors back to the Tango single gas monitors. Based on current inventory numbers, our new approach should save Permian Resources as a... — read more 

Icahn chimes in with new thoughts on Oxy

Icahn interview. Short bit about Oxy starts around 20:30. He sounds more optimistic. Says company has great assets, is all in now with his guys on the board, and sees a lot of upside. Thinks the anadarko deal was “still one of the most ridiculous... — read more 

I got mine

Took my package in 2019. Checks still coming, every 2 weeks. Sweet! I love Oxy.

Denver Office shrinking

Check out the Denver Business Journal today. Oxy put floors 13-18 on the market last week. No email or any other communication sent out.

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| 3910 views | | 9 replies (last May 12, 2020)
Post ID: @OP+14QEBM7H

Trim the Middle

‘Nuff said. A bloated middle makes an organization slow during tough times. Cut out excess middle managers who don’t effect the bottom line. Fire underperforming management. Lean and mean is how operators need to be approaching these times of low oil... — read more 

Conditioned to Tolerate Danger

OXY faces another year of living dangerously: https://www.bloomberg.com/opinion/articles/2020-05-06/occidental-petroleum-earnings-buffett-bondholders-reign

Lesser of two evils

Not that we have a choice, but what are your thoughts on WFH permanently vs. salary cuts? Based on the earnings call today I gleaned that they’re planning on the salary cuts remaining for at least a couple of years. Would it be more palatable if WFH... — read more 

We need a new management team!

I keep hearing we should stay positive. I cannot agree more. But one thing I have learned is that if a car is about to hit you, you cannot simply stay there and think positive hoping that it prevents the accident somehow!... We need a new management... — read more 

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