Re-posting to keep the facts out about Oxy since all you people could come up with was name calling and thumbs down (apparently Piper Alpha etc DIDN'T happen according to Oxy staff thumbing this down and despite the facts that can be easily... — read more
Topics regarding layoffs at Occidental Petroleum Corp.
Houston-based Occidental Petroleum Corp. (NYSE: OXY) reportedly won't be moving to the Energy Corridor after all. According to real estate industry publication Realty News Report, CFO Cedric Burgher said the company will sell the campus it... — read more
VSP is being offered to 40+. It sounds like good news for both sides.
What is Oxy’s Bonus structure and does Midland have a geographic uplift?
Stock is now down $1.38, over 3% drop. Futures are down 390 points. You should be worried. China threatening to buy Iran oil and bust the sanctions. If that happens, oil prices will tank.
I don't care about management, we all know how well this will work for them, but what about the rest of us at Oxy? Any chances this actually turns out to be a good thing for us?
I’m up to speed on the 5 + 7 401K but I heard there was an added 7-12% retirement plan. Does this exist? If so, what is the program’s name (APC called it PWA)? What type of program is it, low risk savings, stock, defined benefits or something... — read more
The OXY-Anadarko combined work force is approximately: 15,000 employees The OXY-Anadarko combined net production is approximately: 1.4 MMBOEPD For comparison: ConocoPhillips net production is approximately: 1.3 MMBOEPD ConocoPhillips... — read more
Read the welcome packet for 'You are Oxy'. Most of it was the same information in the emails. What was new was the Service Credit information. Legacy Anadarko employees will receive credit for service for all benefits EXCEPT retiree medical. ... — read more
Stock is currently a little over $45/share, about the same price as December 2000. Crude is around $51/barrel. This is becoming the perfect storm in regard to Anadarko acquisition.
What are everyone's guesses on when layoffs will begin/be announced.
Occidental Petroleum sold $13 billion in debt to help finance the acquisition of Anadarko Petroleum. You can read about it on the internet.
I wonder how management going to handle the different pay for employees doing the same job. I’m assuming APC employees make more based on here-say.
Sounding like layoffs are coming and they are going to be deep. Looks like not enough people taking the VSP.
Anyone know when the retirement packages will be finalized, and when the retirees are leaving?
Has anyone heard any information about the option to sell off the Chemicals division? Probably not the best longer term play but it would help right the ship by selling additional assets and paying down the debt. Heard some rumblings pre-Anadarko... — read more
https://www.cnbc.com/2019/07/30/anadarko-petroleum-sheds-new-light-on-occidental-finances.html Key Points Anadarko Petroleum releases new financial details of its proposed combination with Occidental Petroleum that revealed its acquirer did not... — read more
New information regarding the Anadarko purchase indicates that the combined company will not have available operating income to pay the current dividend until 2022. To maintain the dividend, Oxy will have to borrow the money and/or sell assets. That... — read more
Ill re-post this since all you people could come up with was 'Duhhhhh, Troll' in response to the popularity of the fact based content. Keeping it front and center for all those who want to know the facts about Oxy from Anadarko and anyone thinking of... — read more
Anyone have any insight/information on Oxy’s relocation benefits?
With the new geographic dispersement of the workforce, I’m curious at how flexible OXY will be with work hours and location. How early can people come in? Is 6-4 acceptable work hours? Is there any appetite for working remotely a few days a... — read more
I'm so glad I elected to be placed in the layoff of 2016. They offered to keep me, but I was ready to go. If you are able to financially make it happen please do so, it was the best thing I ever did! I'm now in the process of building my dream home... — read more
Under the “Organization Design and Talent” section - does it mean that all Oxy employees will have to reapply for their own position once the “new organizational structure” is finalized?
Good Morning. I have two Oxy HR policy questions I hope you can help me answer. Does Oxy payout on your remaining vacation balance when you leave the company? Do Oxy health benefits extend through the end of the month following a... — read more
May be looking at a 1/3 reduction in the combined workforce and the sale in excess of $30 Billion in the combined assets. This is going to get ugly.
Lay us all off or announce who gets to stay at the company. Don;t know about you but this state of limbo where we’re awaiting to get cut every day we arrive to work is pure torture. People say that we’re lucky to have a job and a paycheck, but i'm... — read more
Expect the Oxy folks to retire and make room for the more talented Anadarko technical talent.
What all is supposed to happen August 8th?
Does anyone know how the VSP offer is calculated? I've heard some are receiving over 2 years pay with medical at the lowest cost.
What happened to all the comments/replies posted on this site? They all disappeared. Might as well just delete the posts!!!
Ill repost this since all you people could come up with was 'Duhhhhh, Troll' in response to the popularity of the fact based content. Keeping it front and center for all those who want to know the facts about Oxy from Anadarko and anyone thinking of... — read more
Oxy employees are to receive VSP information in July. Anyone willing to share details of package? Is it the same as the severance plan Option A - max at 10 months base pay with lowest rate for retiree medical ($150 a month for self - $300 a month for... — read more
Will Oxy adopt some of Anadarko's benefits like the PTO plan?
According to the newsletter, VSPs will be offered to Oxy in July. APC will not know the details until after closing. The VSP does not have to match APC COC package. Will packages be different depending on the company you work for currently?