Preface: If you have come to this thread to b–ch then move along. Hoping to get some serious thoughts here. Do you think that management will accept offers piecemeal as they come in? Or do you think they will wait for the window to close on the... — read more
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
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.
What is the bare minimum of people we need to function??
How low can we go? I can’t imagine the workplace getting much smaller than it already is???
Oxy Debt
$6.5 billion due in 2021. Good luck, you will need it.
Stop humiliating the employee , just do layoffs
Name your price - this is so humiliating. This most bizarre letter from a company ever.
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
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.
One last time I wanted to say F--- you Management!!!!!
F— you Management. It was not our fault!
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 would anyone take this Offer...it takes too long to pay you!? Am I missing Something?
So much could happen by the time you received the total sum...why would anyone take a package that isn't a lump sum or close to a lump sum? What am I missing?
Why are they Excluding so many groups?
If they want people to volunteer, why are they excluding so many groups? Why can't field locations, GOM, Accounting, etc. apply?
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.
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
Oscar Brown sold shares
SEC filing yesterday, sold 30,000 shares
Who would you like to be the next CEO if you had a choice?
Is there anybody internally that you would like to be the CEO?
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?
We can share this website to major shareholders
Tell them How much we resent our management - top down How much we hate salary cut How much we want to wfh to compensate the pay cut Then use our vote
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?
You know ... everyone is really powerless here ...
Just sayin ...
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
Cronies did not get salary cuts, they are double dipping !!!
Check our all the cronies from Oxy who we thought left or were not give top position in the recent minor shake up on the board are double dipping. These guys orchestrated salary cuts to employees , technically these people did not get any cut at... — 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.
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
Key takeaways from earnings call?
Thoughts?
COVID 19 IN THE MAILROOM
MANAGEMENT HASNT TOLD ANYONE BUT SOMEONE IN THE MAILROOM HAS TESTED POSITIVE FOR COVID 19