Come back Terminator, we need you
California Resources is going down, its not a question if? but when.
Oxy spun off California resources and dumped their 6 Billion dollar debt onto this newborn. California resources has a lot of smart people but no one can save us at this point. Oil prices are bound to drop futher and other california operators like... — read more
No mention of California?
I'm surprised there was no mention of the number of staff members shoveled off with the gross mismanagement and incompetent running of the California assets such as Elk Hills and Vintage. These fields were run in to the ground until they had to be... — read more
Heres to lower oil
This shit company and its shit, bigoted employees are suffering right now. I've warned off a number of people in engineering from accepting jobs at this place - thankfully many of them took positions with other companies. With luck, oil will go lower... — read more
Layoffs being made in February
Layoffs coming in February. Head of Domestic HR rolling out staff cuts for Permian Basin (Houston and Midland)as well as California - though not sure how this will be rolled out given the spinoffs in Vintage/Elk Hills etc. Cuts will be bigger than... — read more
OXY Layoffs 2015
We cut capital spending at the end of last year, I think we had 18% cut. This tells a story. There will be less capital, less projects, so less work for all of us. The management will have to cut deep and wide and we should expect layoffs to reach... — read more
The type of people at this company would deserve it
Hopefully Oxy will take the usual knee jerk, idiotic reaction to a dip in oil prices that they usually take. The type of bigoted, petty employee this company attracts would deserve it anyway. Moved on to one of the majors after experiencing this so... — read more
Chazen's Strategy
Let's see what he can do in 2015. I think we'll see layoffs, the prices keep dropping and there is a reorg in works, so I can tell you that things are not looking good.
Developer
Oil prices dropping fast in addition to all of their other problems - Oxy had layoffs in 2009 when oil plummeted - watched a few people get dos boot. Look for layoffs at Oxy in TX very soon unless oil rebounds in a big way, and I don't see it! Bon... — read more
OXY Problems
We have number of problems, let's see what happens in 2014
No layoffs during this downturn
Still doing pretty good - I am not with the company any more but I used to work for it here in LA. I hear all good things, bonuses are good and folks still like it. There is still much room to grow. OXY is a winner...
i think we cut 50 percent of staff back in1989
i think we cut 50 percent of staff back in1989
Occidental hires and fires at the same time - nothing new, nothing unusual - people are being let go all the time
Occidental hires and fires at the same time - nothing new, nothing unusual - people are being let go all the time. I know some folks here in Los Angeles who were let go over last 10 weeks, at the same time I know people who were hired - so really... — read more