I’ve got over a million in cash on the sidelines right now, my house is paid off and my wife and I only earn about $230,000 a year at present from good jobs with a solid, diversified multi national company worth over $125 billion. My job is secure... — read more
Is it going to be a combo of layoffs and salary reductions?
Maybe know tomorrow?
Warren Buffett Literally Owns OXY Now
Look at the market cap...
Wow!
OXY at $10.10 / share a short while ago. MCAP = $9.3 Billion Warren Buffett’s preferred shares (not taxes levied?) worth $10 Billion (with guaranteed $800 million per year dividend). Dangerous territory for OXY in its 100th year of existence! — read more
Layoffs?
Did layoffs really start today for 26 completions engineers? What is everyone hearing on when larger layoffs are happening?
Survival Mode, Entered...
Eeverything is on the table to cut cost and save the company. Commonsense tells you with rigs laying down and being released that not as many people are needed, plus the billion dollar plus budget cut. It is happening to all oil companies and not... — read more
Halliburton just annouced furloughs, every other week off, unpaid...
Winter has arrived...
Oxy Stock
The stock price is $11.34, almost exactly the same as it was in March of 2000. Twenty years of gains wiped out.
Corporate Email
What is Vicki’s email referring to? Are they going to announce more layoffs while we are working from home?
COVID-19 Case - Greenway Plaza
Heard Health club sent out emails because a person working out there March 7 was DX’d with Coronavirus. It could have been LIFETIME as I just heard they have closed the club indefinitely and pending per governmental notice. What if this person an... — read more
Additional Poison Pill
Due to the current very shaky financial footing Oxy is on, I would like to suggest Oxy mgmt include a couple more layers to last week's Poison Pill. These would : ) Show the employees that Oxy mgmt wants to protect and provide for THEM in the... — read more
Summer internships?
Any idea how the severe drop in WTI will affect the summer internship program, if at all?
Chevron to buy OXY
Let's vote here. Upvote = Yes, Chevron should buy OXY. Downvote = No, Chevron should not buy OXY
WTI Sinking
Now under $30/barrel. Thank you Vicki.
Next up. We need to delay 3rd quarter close
It’s not going to be good anyway. Keyboard warriors get on it.
The CDC Recommends Canceling Events with 50 or More People for the Next Eight Weeks
Which puts the surprise spring company party that our gracious board was planning at risk.
PLEASE CLOSE GREENWAY OFFICE FOR OUR SAFETY!
More and more cases are cropping up by the minute, Dr Fauci just spoke again on CNN and said EVERYONE MUST SELF DISTANCE! This is getting crazier by the minute. And we all in GW have crowded elevators, etc. And don’t think workman’s ... — read more
10 Year Plan
That worked out real well. More like the 10 day plan right now.
Over/Under
What’s everyone’s best guess on a price VH wouldn’t say no to and take her golden parachute down to Galveston Bay and do a little kayaking? 30B? 40B?
Mass Layoffs, Not the Answer
Layoffs are not the answer to the situation OXY is in. OXY has 7.38 B in operating cash which can be used to pay salaries, G&A costs while digging out of the hole. We are stretched thin enough as it is and more people who took VSP are leaving... — read more
Oxy COVID19 response, come to work you lazy ...!
APC folks, how do you like now Oxy dealing with pandemics! When dealing with Hurricane Ike we were released the day before!, everybody else in the industry had plenty more time. Now Vangolen is asking everyone who can to show up!. Is this a way to... — read more
I think we can all agree.....
that VH & Icahn both are bad for employees. Either way, we are doomed. Props to VH that she didn't do layoffs in 2016 but the Anadarko deal was a shot to the head which will lead to mass layoffs in 2-3 months. Feel terrible for those employees who... — read more
Carl Icahn - A perspective
Carl Icahn has a long history as an activist and corporate takeovers. His latest target as we all know is Occidental, framed by his excuse the deal was poorly funded and timed, etc. This is just an excuse. Rather, it is because of his long standing... — read more
Waiting on VSP date. Let us go!!!!!!!!!
I’m still waiting for my VSP date to arrive. Yes, there are quite a few of us who want to leave and are being held hostage. In addition to not wanting to get out of bed in the morning to attend the daily pewp show, now we have to worry we won’t... — read more
Let us work from home, you cowards
Things are broken beyond repair when this is the only thing we have to keep us going as employees.
3 O'Clock High, Behind The Field House
Occidental Petroleum adopts a limited duration stockholder rights plan - a poison pill - as day after Carl Icahn said he had acquired a nearly 10% stake and promised to shake up the company's board. If approved, the rights plan would be exercisable... — read more
Being laid off now will be worse than usual
Just think about it, all oil companies are in the process of reducing costs. Even if there are a few that are not considering laying off some of its employees just yet, they are certainly not going to start hiring right now. Basically, those laid... — read more
Who wants a piece of me?
So when Icahn breaks us up and sells us into pieces, What are the guesses as to how it will play out? Who will buy perm? All of it? Part? Oxychem? GOM?
Riding the Titanic to the bottom
From bad to worse to clusterf-k. I should be working for CVX right now. Or comfortably COC'd out. I can't predict everything that CVX would have done, but we already know they going to keep the Woodlands campus, keep Mozambique and many of the other... — read more
Tough Times.............
I know we spend a lot of time pointing fingers and calling for heads on this sight, and I also think we paid more for Anadarko than we should. There were mistakes made that included poor judgement at the top. But I would say take some time and... — read more
Good luck everyone!
It is very hard yes. But everyone of us will survive. I’m considering shifting careers. There could be some other ways to survive. Just wanna wish good luck to each and everyone of y’all.
VH quote
Someone posted the same VH quote about the Anadarko deal before but it is worth repeating. “We were not going to let it be taken away... This is too important for our shareholders.” What a statement full... — read more
Action
31 doesn’t have real concept of magnitude of disgruntled rank and file employees. Employees financial well-being has been damaged or destroyed. Employees should organize and stage a protest. At least an online petition to demand resignations and... — read more
Celebrate?!
2020 is Oxy’s 100th year Time to celebrate Woo woo!
Bonuses
Heard the APC folks had it built into their package so they should for sure get their bonuses
OXY Mkt cap @ $10.56B USD
OMG VH, Bravo!
Vicki is toast
We ran off the naysayers. We took positivity classes. We placed the most inexperienced people in management positions. We overreacted to everything. We put all our eggs in one basket. One basket—Permian. We fed the chickens the finest grain and... — read more