Excluding the supplemental materials, there are a total of 30 slides in the Q2 2022 CRC Earnings slide. Slides 1-4 are legal cautionary disclaimers and defining terms like what BOPD is. Whatever. Slides 5-11 and Q2 financial results. very high... — read more
former employee checking in. been disconnected from crc for awhile and reading some of these comments looks like things are not too great over there. how are you all doing?
If it was easy to find out what the culture of a company is like before accepting a job offer, I probably would've never applied here. This is certainly the most toxic work environment I have ever worked in. Why is it so toxic here?
They used to be one of the best? What about now?
Many people are quitting. VP's. Managers. Petrotechs. Non-petrotech's. Why are people quitting? Please don't give vague responses like "middle management sucks" or "HR are back stabbers". Some insight as to what these people might know that I/we... — read more
Given how badly the company treats employees and that it is now easier than ever to find a new job, it really surprises me that the attrition is not even bigger. Management is fortunate that it is difficult for most employees to start from scratch... — read more
After years of cuts and pay freeze, with $90 oil we get almost no bonus? Higher paygrade groups got a weak 3% bump, lower paygrade groups got 5% (and good for them, they deserve it!) It was less than inflation. I understand in hard years, we all... — read more
And even worse company culture. I admire people who can continue to work here. They can take more than I can. I give up.
Someone forwarded to me the earnings report. Management said they are expecting G&A (Salaries) to continue to go down. Any idea what that is all about? is that through layoffs, compensation, or benefits reduction? From page 5: Expect CRC's... — read more
CRC continues to wind down. To all the bigots who held fast on a sinking ship, stepping over others on your way to your moment of greatness. Well, here is your big moment. Sounds like the captain has abandoned ship. Who would have thought? Thank... — read more
Can CRC just stay bankrupt? Scott A. is a POS, just like the rest of the trashy personalities at this company
Have you also heard rumors that there will be layoffs again soon? I’ve heard it from a lot of people and I hope it’s just some fabrication. What is the probability that layoffs will happen and who could be the target? After the last round of layoffs... — read more
Leave your hopes and aspirations at the door. Here there is no place for you to learn and no place for you to grow. They will work and continue working you until they decide they don’t need you anymore or you can no longer take it. Now the new... — read more
I saw the article in the Bakersfield Californian about the 60 new layoffs (Feb. 2021 - link below) - of course heavy on the technical staff who do the actual work smfh. I heard Long Beach also had layoffs - any idea how many or what... — read more
Found this buried in a thread. How true is this? I have a friend that used to work in HR and he said that HR is a joke. Rules only apply to everyone but them. They drink at lunch, provided their intern with educational reimbursement while denying... — read more
Lame Company Full of Lame People. Should have stayed bankrupt. Please do everyone a favor and delist your worthless stock from the NYSE.
Job requirements for a typical CRC manager: Overweight Entitled Narcissistic Undue Confidence Bigoted Petty Uninspiring Ability to watch others suffer without intervening a bonus Little to no ethical standards for self or others a... — read more
Fresh! New! Sporty! s-xy! Oh, no. That's just that t–d of the company, CRC, with some new wrapping paper. Fast forward to the Town Hall. "We're setting sail! Bring in the investors!" Fleece! Fleece! Fleece! (cue triumphant and inspiring... — read more
The last one, which absolved asset teams and dispersed everybody's responsibility, was so poorly planned and communicated that a whole 10 months later there is still confusion as to who is supposed to be doing what. Now, we have more layoffs. Guess... — read more
9th round of layoffs. I’m starting to think the problem is Upper Management...
Toxic org spun off from a toxic org...full of toxic attitudes and a toxic financial statement. Corp culture is trash. After a ch 11 reorg another round of "lunch meetings" am certain this will be a topic again in another 5... — read more
https://www.marketwatch.com/story/california-resources-could-file-for-bankruptcy-this-weekend–wsj-2020-06-08 “ California Resources Corp. CRC, +34.32% could file for bankruptcy as soon as next week, according a report in The Wall Street Journal... — read more
Four candidates: Oil prices imploded earlier this year, which has decimated many oil stocks. Things have gotten so bad that several have already declared bankruptcy. That trend is likely to continue in the coming months. The list of at-risk... — read more
“Self selector” checking in to laugh at your stock price
Shale production will decrease. Oil price will rise. We will do more JV. We will reduce debt and refinance the rest. Share price will recover. We are not do fire sale here.
If yes, when?
Another "voluntary early retirement" followed by a re-org with around 50-60 employees let go.
Todd your salary of $7.7 Million dollars is far too high and way above the median for companies of this size.
Why is an ex-Oxy geologist on our Board of Directors as the HSE Director? Hmmmm....
Hope at your next job you do something useful, instead of being Oxy's b****.
With the change at the executive level in Operations....... they’re coming
Have you started working or are you enjoying this year like me? Haha