It’s blatantly clear that Oxy has all the hallmarks of a Marathon, Hess, Pioneer. Oxy has had a great run but has adopted practices and directives typically seen when a company is about to be absorbed and consolidated.
Realize that there are Going to be naysayers but, we’ve seen the improbable actually occur.
Agreed. The depressed stock price is going to make it easier for the takeover. Employees should mentally prepare themselves for this as most are very complacent will find it difficult to adapt outside.
Chevron will fill the old Hess building with Oxy personnel. The days of bifurcated offices is over…Oxy get ready for downtown Houston vibes
Oxy can start by divesting ME properties as they should have but didn’t. Shell would have snapped that asset. If RJ doesn’t offload GoA struggling assets it’s a sign he will pull a Unical or Marathon
I don't think it will happen this year, but maybe down the road. I know money talks, but I really think RJ wants to run the company for a while and get that CEO experience under his belt. It could also go the other way, and with VH gone there might be a better chance of selling the company or merging. I am sure RJ is going to put his stamp on it one way or another soon. In the end he can be told to sale by the board, but my gut feeling is they will give hm a chance.