Topics regarding layoffs at Occidental Petroleum Corp.

Topics regarding layoffs at Occidental Petroleum Corp.

Townhall thoughts

Any updates on the Townhall? VSPs timing?

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Post ID: @OP+ZJ35JlP

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?

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Post ID: @OP+ZG9WkDr

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 

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| 3050 views | | 1 reply (June 16, 2019)
Post ID: @OP+ZyjQ624

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?

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 

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 

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.

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| 1430 views | | 1 reply (May 23, 2019)
Post ID: @OP+Zcw0VFv

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?

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| 1570 views | | 1 reply (May 17, 2019)
Post ID: @OP+Z6hjCKV

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 

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.

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 

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