Any updates on the Townhall? VSPs timing?
Does Greenway plaza s---?
Photos are going around of tiny offices. APC sounds like it’s moving Permian staff to Greenway?
Tuition Reimbursement?
What is oxy’s policy on tuition reimbursement? 100% tuition paid? 80%? How long do you have to stay in order to not have to repay back tuition?
VSP
Will VSP packages be delivered to you or mailed to your home?
Timing
Will the voluntary retirements happen before or after closing? For Oxy and Anadarko?
Some people here will not be around for 2020
If crude oil price averages well below $60 for the rest of the year, then more cost cutting will obviously be necessary. Investors hate reducing the dividend, so look for more asset sales, project budget reductions/ cancellations and higher layoff... — read more
Still Going Down
Oil is down 2.8% at $51.78 as I write this. Looks like $80 oil won't happen this year. The know-it-all experts will be wrong again. How do you like those low gasoline prices in Houston? How do you like losing your job?
Anadarko CEO to Get $98 Million Payout in Occidental Deal
https://www.wsj.com/articles/anadarko-ceo-to-get-98-million-payout-in-occidental-deal-11559936273?from=singlemessage&isappinstalled=0 300M goes to Anadarko executives only. WOW!
misdemeanor and OXY
What is OXY's limitations on hiring with misdemeanors?
Not moving to Century Park?
Just read the email...the move to the Energy Corridor is postponed indefinitely. What the heck is going on? Rumors are flying that we will be moving to the Woodlands, and some are saying we may stay at Greenway. What a cluster!
The Woodlands
So with the email today, is it a fair assumption that we will be moving to The Woodlands when the GWP lease expires? Business wise, I don’t see why we would spend $400 mil renovating the old COP building when Anadarko already owns 2 nice towers... — read more
Was This Deal Suppose to Work This Way?
Stock has fallen to $47. Market Cap has decreased to $35B (Anadarko market cap is also $35B). Was it suppose to work this way?
Occidental Petroleum VSP
Voluntary Separation to be offered? Anyone knows?
Adios Oxy
And don’t forget adios to VH and the other oxymorons.
Oil Going Down
WTI closed today at $53.36. If it does not recover back to around $60 in a month, then expect the potential lay off pool to get larger.
OXY Embedded Contractor Question
I'm an embedded contractor with APC. I respect APC, and have done very well with them as an embedded contractor. With 30 years in the patch, APC hired me due to my experience level in all O&G sectors. My work hours are flexible, and the pay is... — read more
Oxy Compensation
As an APC employee just curious what hourly employees make at OXY. APC starts around $35/hr and the high end is $65/hr in the Permian with a 10-20% annual bonus. Curious if OXY has different pay scales or are all hourly people doing the same job paid... — read more
I think there will be a layoff of lower performers at Oxy with a larger layoff from APC
I think there will be a layoff of lower performers at Oxy with a larger layoff from APC. Oxy will need to keep technical staff from GOM and the Rockies if we keep those assets. We will also want to keep the better performers from APC. This will all... — read more
Is job cut coming soon to meet Wall Street’s expected synergy?
How many percent of employees will be cut from both OXY and APV? Anyone can share your opinions?
Ouch
https://seekingalpha.com/article/4266389-stay-away-occidental-petroleum-following-markets-reaction-recent-acquisition
Retiree medical options
From the town hall at APC, it was mentioned that both companies will have a voluntary 55+ retirement option. Will this include retiree medical for those at APC that qualify for the benefit?
WTI Down Big
Currently at $57.77, down 5.9%. Great.
Stay away
Make sure you conform and there is nothing different about you compared to the gang already there. You'll be persecuted until you have to quit your job if you are different and the people doing it will tell you that you deserve it. Don't challenge... — read more
Next up: Merger with ConocoPhillips
The resulting company would be a MAJOR player in the L48 with strong positions in the Permian, Eagle Ford, Bakken, and Niobrara. And once the office move is complete, we will already be co-located.
Oxy and sems
Does oxy have sems? Will they take on sems?
Integration Process
Hearing that it will take over a year after closing to merge Anadarko's data with Oxy. Why so long? Is it due to Oxy working on the SAP project now?
Pros and Cons
Is there any pros to this acquisition for current Oxy employees bedsides maybe different exposure? I can think of quite a few cons. Namely, won’t all this debt negatively affect our raises/bonuses? Will Oxy employees have to compete with anadarko... — read more
OXY of The Woodlands?
Will OXY take over the two buildings Anadarko has in the Woodlands?
Oxy is gonna have to thread the needle on oil price and cost savings to make this work
You are right to be concerned. Oxy is buying APC at around 80x earnings. Here are some ballpark numbers...please check my math. Oxy debt at close without further asset sales (after Total sale) will be around $28B ($12B financed on closing + $8B... — read more
Damage
To damage shareholders like this was a huge over-reach. At the very least, the shareholders were entitled to a vote. Now we need to take steps to remove the entire board and executive management. No shareholder of any company gets treated the way we... — read more
How long will VH stay on
How long will VH last? Worst deal for oxy shareholders. I say next year she gone including other numb nuts on 31st
Chevron Calls It Quits
Well Oxy, it is all yours now. Chevron gets an easy billion and you own the store. Major shareholders are very angry, to put it mildly.
Should be an interesting shareholder meeting
Stock price in the $50's. $10 billion of preferred shares w/ 8 percent dividend issued to Buffet OXY shareholders have been stream-rolled
Office employees face a harsh reality
I believe that those APC employees working in the field have a much better chance of retaining their jobs at as it is those fields in Permian that Oxy, and Chevron are after, and we will need people. This includes IT, automation as well. Those... — read more