Anadarko Petroleum Corp. Layoffs

Topics regarding layoffs at Anadarko Petroleum Corp.

LAPC insurance

For LAPC who took the package last fall, how long was tour insurance paid? I’m trying to figure how many months to ask for and when to expect paying COBRA after accepting an offer. Thanks.

Stolen Post (needs to be shared)

This is attempt for OXY to get rid of people who are desperate, already have a job lined up and were leaving post bonus, and ppl who are weak. LAPC and I submitted a few offers. First was a hail Mary and the offer 3 or 4 were reasonable offers. I... —  read more 

Permian Derby

OXY is an embarrassment to our industry. Like a race horse with a broken leg, lets just get it over with and be done.

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Post ID: @OP+153kFx9P

No Ghana 4 U

https://finance.yahoo.com/news/total-discontinues-acquisition-occidental-petroleum-063500360.html

COC is not automatic

You have to resign to get coc payments. You have to resign within 90 days of a significant event citing particulars of what material change prompted your resignation. Oxy will decide if event warrants coc payments. If no, you go to... —  read more 

COC after one year

In what section of the COC does it state that after one year Oxy can reduce our salaries and even job assignments?

COC will likely be terminated.

Force Majeure is in play because of emergency laws shutting down businesses "If a force majeure clause does not list epidemic or pandemic as a triggering event, it is possible that the coronavirus could be covered as an act of governmental... —  read more 

CoC in Bankruptcy for L-APC

Bankruptcy Court’s holding that severance claims are entitled to priority treatment up to the maximum amount provided by Bankruptcy Code 11 U.S.C. § 507(a)(4) Bankruptcy Code: an employee is entitled to priority treatment of “allowed unsecured... —  read more 

Deposit

Any COC folk get a surprise deposit in their bank account yesterday? This cash cow keeps giving.

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Post ID: @OP+14CESdGq

Should I stay or should I go

If Occidental goes bankrupt is there any chance for CoC or should I bail now? It shocks me to say but I’d take RAW and MWI back in a heartbeat over this $h!*$&0w.

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Post ID: @OP+145TOyFu

COBRA coverage

Has anyone reached the 6 month timeframe yet and got paperwork with option to elect COBRA? I think it goes for 1.5 years after the 6 months. Is this process working?

Congratulations

Is Conoco ready for CVX? Final missing touches and ready to go. https://www.bizjournals.com/houston/news/2020/03/04/former-anadarko-ceo-lands-new-board-gig.html

Days are numbered for Denver Office

Oxy is actively trying to unload Rockies assets. Only thing that keeps us halfway safe is it’s doubtful anyone would be willing to take our Colorado acreage, but that’s under political fire. No matter how you look at it we don’t have much time here... —  read more 

Early release

What does “early release “ Option entitle in severance package?

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Post ID: @OP+13sSdsuu

What's the deal with COBRA?

I got a package regarding COBRA couple of weeks ago. It states something about expressing an interest to sign for it before March or you will lose the option? My understanding is that we have 6 months healthcare and then COBRA will kick in for 1.5... —  read more 

OXY staying in The Woodlands

Is the fact that OXY has a lease on ALR and the GRC for the next 13 years change anybody’s mind about their VSP choice? To be honest, it makes the decision to take it a lot harder if you’re living north... —  read more 

Contractors

Does anyone know what's going on with contractors? Word on the street is that a big junk of them will be going out the door this week.

Aftermath

VH got her dream to come true VSP/COC'ers made a fortune and moving on to a new life Legacy-APC management with their fat retention bonuses waiting in the wings Legacy-Oxy employees got their promotions and raises Buffett laughing all the way to... —  read more 

CoC/VSP stock & cash

Has anyone received their converted cash portion of their stock since separation? If so does that timeframe align with our stock vesting? Also has anyone logged into Morgan Stanley and seen erroneous funds within their accounts, then have those... —  read more 

Africa Incentive

Former EVP MI will receive additional $1MM per each Africa transaction: Moz, Algeria, Ghana. One step further from G&A saving

Denver office is toast

Occidental offered about 200,000 acres in the Denver-Julesburg Basin in Wyoming and Colorado that produce $66 million a year in cash flow, mostly in mineral royalties...... Reuters 11/11/2019

Triggering event

Has Anyone had a triggering event based on a move from the woodlands to greenway been told to stay after filing COC benefits. I don’t think that they can make you stay since you are effectively submitting your resignation. I would think you... —  read more 

Wes stand-alone or BU

Will Wes become a BU after the unsuccessful attempt to sell down? Does it still need a stand-alone type org?

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