Exxon, Chevron, and Oxy plus some do not want to cut production, but have OPEC do so. Are we going to be part of not reducing production to increase prices? Crazy... — read more
Stock up a little..............
Stock $16.45 after hours on possible news of Saudi and Russia truce. Could we actually be coming out of this a little.
APC Deepwater Assets
APC deep water assets are cash flow negative at oil prices less than 60 USD
Two Questions Only
When and where is the next shareholder sale meeting? I’m retired Oxy and I sold most of my OXY shares about 2 years ago. Unfortunately, I still have 3,100 shares of that TP I didn’t sell. Stupid me. I assume the meeting is in May In... — read more
Distrust of Management
Will the distrust that management has created with its employees cause a brain drain when the price oil goes back up and things turn around? I would think yes, especially since 30% pay cut is so far below market. I for one have a year left of my MBA... — read more
Help Save my Job In the Oil and Gas Industry
What does everyone think about that email?
If (When) Oxy is acquired...
Would that be a triggering event for Legacy APC CoC? Don't you know CVX has that $1 Billion break up fee primed and ready to put down as a down payment!
Sports Analogy Competition
Real oxymorons will get this. Please come up with the best sports analogy that captures the incompetence, lack of leadership, and complete disregard to employees. Ask yourself what would Bear Bryant have said. As prize I’ll offer my LTI of Oxy... — read more
Is Hawaiian Shirt Man Out?
Seems like in the organizational announcement today his name was conspicuously absent. And some of the people being shuffled previously reported to him. Maybe hopeful thinking.
I can’t live of my pay with the 30% reduction
I know that none of us are happy with this, but I was wondering if there are more people in the same position, SInce this was announced I’ve been looking at the numbers and, with my mortgage, two kids in coleridge and with my wife’s medical bills I... — read more
The importance of great leadership
By now, everyone should understand the importance of great leadership to a company and country. I am seriously disappointed after looking at what’s happening to our country and company. Lack of leadership. Everyone has heard about the new CFO on... — read more
Two VPs of Land?
Why does OXY have two VPs of Land? I am a geologist by background but my father works as a Landman and told me that he has never heard of two VPs for the same position at any company he has worked for. This is just another example of unnecessary... — read more
Hackett as next CEO?
Rumor on the street is that Chazen is trying to recruit his buddy Jim Hackett to take the CEO role from Vicki. Deal would be a four year gig, no salary, all options. Hackett took over Ocean Energy when it was struggling with the Ocean/Seagull merger... — read more
No Communication
Why can’t OXY management understand that open communication is a key component to success? OB out, RP replaces CB and not a single email announcement or chain of command notification. This has got to be one of the top reasons the acquisition... — read more
New CFO.............
Occidental appoints Robert Peterson as CFO ://www.sec.gov/ix?doc=/Archives/edgar/data/797468/000114036120007995/form8k.htm
Every shareholder needs to vote
If you hold any Oxy stock, no matter how minimal your holding, you need to be sure to vote. First, be sure to vote OUT any remaining of the APC acquisition board members, there are 2 plus VH. There are other items on the ballot that probably need to... — read more
"Synergies"
Hey EC and Board, see how great the merger is!? Isn't this a wonderful thing!? LOXY and LAPC dislike each other a ton, but we all really dislike you more as we've all been screwed over. Sure, no one saw a pandemic disease shutting down the world. No... — read more
Does OXY COC Apply to Layoffs or Just Acquisition of the Company?
What would a legacy OXY employee be entitled to if laid off before the company was acquired (assuming no bankrupcy)
COC is two years of pay for job grade 26?
Could mean a 20 month pay difference. Anyone know who or what roles are job grade 26?
Oxy Change of Control Severance Plan
Check out the Oxy COC that HR just sent out via the Q&A document. Effective February 2020. They basically cut and pasted most of the sentences from the APC COC. Looks to be not too shabby. Too bad it probably won't matter. Oxy Grade 26 > gets 24... — read more
Executive Severance Changes
Severance packages implemented for executives today. “(1) Cash Severance. The executive would receive a cash severance amount equal to 1.5 times (or, in the case of the Company’s chief executive officer, two times) the sum of (A) the executive’s... — read more
Ousted Oxy SVP Oscar Brown received $1.2 mil cash for "unlocking" value from APC transaction
Oxy just posted their proxy to the SEC website. https://www.sec.gov/Archives/edgar/data/797468/000120677420001012/oxy3677661-pre14a.htm#p50 Page 44 - Recently Brown got $1.2 million for last year's "performance". Today he got fired. Quote... — read more
Job prospects
To the VSPers, what are the job prospects like for those of us leaving Oxy soon? I know its tougher since the virus and all, but I need a realistic picture of what to expect. I’m not an oil and gas specific employee, so I can work outside this... — read more
Oil CEO’s to meet with Trump on Friday
Woods of XOM, Wirth of CVX, Hamm of CLR and Hollub of OXY to meet with Trump on Friday. Which one of those 4 CEO’s should be ashamed? VH, no self-awareness, no guilt, just a combination of ignorance and greed! Still hanging on to her own bit of... — read more
Accountability
Oscar is out!
Confirm the formula APC VSP leaving 2020
Can someone confirm the VSP formula for me please if you are LAPC but leaving in 2020 after the bonus was paid? What salary (plus bonus?) do you add together to get total base pay? God bless you. I cannot figure this out and I’m so stressed... — read more
Would love for Vicki to eat crow once
Does anyone remember the annual meeting last year where Vicki called out financial pundits who were so critical about the APC purchase, namely Jim Cramer from CNBC? I wonder if she'd have half the decency to eat crow and admit to his face that he was... — read more
Wait, we are not actually bankrupt yet.
I know these uncertain times, consisting of Covid, the oil crash and this clusterf–k of an acquisition, is causing a lot of FUD. With that said, does Occidental really lack the free cash on hand for the short term (6-12 months)? Maybe i’m confused... — read more
LAPC need a volunteer
LAPC: Would anyone be willing to submit this and report back on your result? Goal being for the 4.9% deduct to be rescinded. Good Reason: A material reduction in your Base Salary as compared to your Base Salary immediately prior to the Change of... — read more
Question for LAPC
I’m curious. I read these boards to try and understand the history of Oxy and APC. I actually was just hired by Oxy right before Christmas, so I know I’m on the chopping block. I’ve accepted that. I’m not eligible for an package really, but I am... — read more
L-OXY, look at the bright side ....
You're getting paid 70% of your base salary to perform home improvement projects !!! Best projects for home resale: Any maintenance activity Bathroom upgrade or addition Kitchen upgrade
Oxy’s Notice and Severance Package
Updated on Jan 1, 2020. Just in case you were wondering what it may look like if ever that day comes. https://oxylink.oxy.com/Docs%20Forms%20%20Plan%20Info/Summary%20Plan%20Documents/Notice%20and%20Severance%20Pay%20Plan.pdf
Bankruptcy
How close are we?
The Real Price Of Texas Crude Oil
S. crude prices at Texas slide to near $10, lowest since late 1998 By Devika Krishna Kumar and Laila Kearney ReutersMarch 30, 2020, 1:33 PM EDT NEW YORK (Reuters) - The United States' flagship crude oil grade plunged on Monday to trade at about... — read more
Are staff reductions possible with pay cut ?
What you guys think? Are staff reductions still likely after 30% pay cut? Can anyone with insights of any such discussion please comment?
Who does she thinks she is? Nick Saban
That wasn’t an update, it was a poor half time speech.