So after everything settles from this Oxychem sale and the debt reduction is the company better off then if they never would have purchased APC?
Enterprise wide restructure
Nov or Dec roll out and now none surprised.
Stock question......
I know someone out there will be able to answer this. If we get rid of OxyChem and use the proceeds to pay down debt how does that affect the stock price and market cap. Right now our market cap is appx 44 billion. If we are losing such a large asset... — read more
OxyChem Sale a prelude to being sold?
Doesn’t the sale make Oxy more attractive to a buyer like XOM or Chevron?
Reuters: Occidental in talks to sell OxyChem unit for at least $10 billion
https://www.reuters.com/business/energy/occidental-talks-sell-oxychem-unit-least-10-billion-ft-reports-2025-09-28/
Impact of new H1B visa cost
How will the new 100 k fee for additional H1B visas impact Oxy?
Can we avoid layoffs in 2026?
Worried I see colleagues let go at other companies today. Why are we different?
$46.10
All these awards VH receives and yet the stock sits in the mid 40's. When Oxy is sold and she rides away with her ridiculous executive severance package, I hope all this blathering on this blog was worth it. She'll move on and you will be stuck... — read more
Why Oxy don't do layoffs
Occidental Petroleum increased production by 14.8% year-over-year (YoY) to 1.395 million barrels of oil equivalent per day (BOE/day). Cost Management: This production increase was achieved while keeping absolute operating costs unchanged, leading to... — read more
U.S. Oil Majors Slash Jobs Despite Trump’s Fossil Fuel Push
The number of U.S. rigs in operation has fallen this year, by around 69 to 414, according to Baker Hughes. Kirk Edwards, the president of Texas-based Latigo Petroleum, said, “We've gone from ‘drill, baby, drill' to 'wait, baby wait’ here in the... — read more
Layoffs
At ConocoPhillips. 20-25% of their staff. This is happening to a real oil and gas company, not like you…. The ride is coming to an end. Don’t forget to take your belongings.
Retirement....
Just curious how many of us at Oxy are ready to retire and can, but find it hard to walk away from the job because of the pay and benefits. I am still able to perform at a high level, but the routine of waking up so early and then working all day... — read more
the layoff.com censoring posts unfavorable to Oxy now
what’s up the layoff.com why are you censoring posts unfavorable to Oxy now? did they pay you off?
Jobs are hard to come by these days..
Been looking for a change and there is nothing out there. I have many friends that put in applications all day long and get nothing. Anyone having any luck with petro-tech jobs? It is not only this industry as well, buy seems to be across the board.
Berkshire-Hathaway stepping back from Oxy while quietly cozying up to Chevron
https://seekingalpha.com/article/4814798-chevron-q2-berkshire-hathaway-added-more-so-did-i
Vicki Hater
Where’d all the Vicki haters go? The more they show up, the more security detail Vicki gets—and a few shiny titles of inner circle depends on the hate here.
Could oil go same way as chipmakers
Could big oil have to give up equity share to the government to pay back green energy and carbon capture grants given to them? This could lead to a national oil company which the administration would live to have.
New building construction cancelled?
Is it true due budget cutting?
Fun while it lasted
https://finance.yahoo.com/news/conoco-reportedly-eyes-occidental-petroleum-takeover-163448560.html
$43 is the new $75
Just like at APC. We hit $110 a share and then went into freefall. Wound up floundering in the $40's till we were bought. Our debt wasn't the same but if VH keeps paying it down as a focus, you will start looking attractive for someone who wants part... — read more
Diversity and Inclusion
We were already a diverse and inclusive company before the GF Thing and OXY hopped on the D-E-Ibandwagon like other companies but rebranded as DIB. Why do we need this silly group DIB? Meetings and games yapping about our diversity and inclusiveness... — read more
Exxon Open for M&A on Heels of Pioneer Deal
https://www.hartenergy.com/exclusives/exxon-open-ma-heels-pioneer-deal-213707
Is Oxy ok or not ok?
I guess we will find oil the next two days with the earnings release and the all revealing conference call.
Bumerangue Discovery
BP just announced an Oil discovery in the Santos Basin, Brazil. Three times the size of Manhattan and a 500 meter oil column. Largest discovery for BP in the last 25 years. Exxon has 12 billion barrels of oil in Guyana, ENI 35 TCF gas in the... — read more
Legal Issues with Oxy
Besides Chevron, are there other companies that have had major conflicts or legal issues with Oxy? I saw they’ve filed lawsuits against Wells Fargo and Sanchez Energy in the past. Any others in the U.S. that have clashed with them?
Hall of Fame
Spend 10's of billions of dollars on two wasted acquisitions, your stock is worth 25% less than it was a year ago...and... You are inducted into a Texas hall fame. Upside down world we live in ....
Houston insurance
In Houston, is Kelsey Seybold the best with Oxy PPO? Just joined and new here...based around Stafford/Sugar Land. thanks
Chevron fired 80% of Hess staff
Chevron let go of 80% of Hess employees—should we expect the same outcome down the road?
Slip Sliding Away...
Here come the $30's.... At least it's warm weather for you to go get another job...
Vicki is 8th highest paid Exec in Houston
According to the Houston Chronicle’s annual exec pay analysis, Vicki was 8th highest paid CEO in Houston area and made $18.5mm in 2024 compensation. That’s a lot of moolah but it takes a special kind of person to destroy shareholder value and... — read more
AI and the workforce...
Starting to look like the real threat to jobs is the AI revolution. Five years from now the whole landscape for employment opportunities might be totally different than today. Add in the offshoring of jobs to places like India for cheap labor, and it... — read more
They prune posts here...
Like I see people brutalize their crepe myrtles... Someone has the delete sensitivity knob turned to maximum here. I go on a quick vacation, come back and half of the posts are gone. So much for free speech. Let's see what the Big Beautiful Bill does... — read more
Early Retirement offers in idustry. Think Oxy will offer anything?
Reading other boards a few companies such as Hess, Chevron, Conoco-Phillips are offering early retirements. I don't think Oxy will do layoffs based on Vicki saying as much, but in the past there has been offers of a VSP. It seems we might be primed... — read more
No one paying attention?
WTI went crazy during Desert Storm.... Just wait till someone blinks here.
Oil price crashing
Yikes.
Will Oxy start moving engineers to midland?
I've seen some emails about temporary assignments in West Texas as well as the high ups saying maybe new engineers in the rotation program will stay out in midland longer than the program
Nothing like Middle East tension...
To tweak the stock price. Good thing huh...Without it Oxy would be in the 30's now. Enjoy the summer.
Oxy - One of Warren Buffett’s Rare Flubs
Oxy - One of Warren Buffett’s Rare Flubs Surprise Surprise Surprise