What is happening?
Where’s sugar daddy Warren?
https://www.barrons.com/articles/berkshire-hathaway-occidental-petroleum-losses-c796291a?siteid=yhoof2 Uhoh. Warren is losing faith in us and isn’t going to keep propping up our stock. “On Occidental’s third-quarter conference call, Holub cited... — read more
CEO fired for poor share price performance
Tim Duncan, CEO of Talos, was fired for poor share price performance. Talos also hopped on the carbon capture bandwagon. Oxy’s share price has been on a consistent negative trend over Vicki’s tenure. She’s leading the company to invest in money... — read more
$54 share price
Keep sliding and see what happens. Even your crazy debt load won't stop someone from buying you at a fire sale price. Keep your resume current, going to need it.
Shell laying off hundreds in low carbon and exploration
https://www.msn.com/en-us/money/markets/shell-to-cut-20-of-oil-exploration-jobs-extending-ceo-s-cost-cutting-drive-reuters/ar-AA1pEIcP?ocid=BingNewsSerp I wonder how far behind Shell that Oxy will be. This whole thing seems like it has been a way to... — read more
Stock Price
Why are you trading so low when the limited amount of information trickling out of the quarterly presentations looks so good? Lots of happy Oxy geo staff this week mingling at the AAPG/SEG convention in Houston this week. Can't find oil except thu... — read more
Mohnish Pabrai on Munger/Buffet and OXY
One time, I was talking to (Charlie Munger) and he mentioned that he would love to have an investment in Exxon if he could get a commitment from the management that they would do no more cap-ex and they would simply run all the oil fields with the... — read more
Divest,Divest,Divest
That's the first word that comes to mind when I think about Oxy... Can't find the hydrocarbons...only buy them. If Buffet didn't step in, where would you be now?
Komodo-1
When did Oxy's drilling department decide it could drill an ultra deep (world record) well in Colombia?. You were completely out of this business till you bought back into the GOM in 2019. This one should make you nervous... APC had a 100% carry on... — read more
Why does Oxy share price go down every quarterly earnings?
I thought we were doing good. What’s going on?
Apa Holdings
Anyone else heard this on the rumor mill? We acquired another company with struggling assets? Didn’t we just do this?
Beryl benefits
Word has it that Oxy gave free generators to the higher ups…not the lower level employees in need. True?
Oil Companies Headquartered in Houston?
Why not move to a more desirable place like Dallas after all these bi-monthly devastating storms? Houston is humid and dangerous. Why do all these oil companies HQ out of Houston?
APC Managers
Looks like Oxy is finally appreciating the talent base we had at APC. It's about time, perhaps we will see some success out of you yet.
Mega back door Roth
Has anyone here contributed after tax money to Voya and then done an In service rollover into an external Roth IRA? I see the form on Voya for in service rollovers and Roth is an option? Ie executed a mega back door Roth?
Buffett 50%
Looks like he is near 30% now. Do you think much would change if he gets to the 50% he has been approved to purchase? If he ever buys the whole company it would seem Oxy would change even more then.
How do internal movement work?
Is it just like a regular interview in order to move roles?
Dealing with bad managers here
2 questions how does one deal with bad manager along with that, how does one move into another engineering group. Currently not happy with the group I'm in.
Is Oxy under performing?
Been reading articles and it seems we are lacking in production and revenue
MRO Acquisition
When will we be acquired?
Layoff Rumors?
Anyone know if we will have layoffs because of the crownrock acquisition
When will Oxy stock price be higher than pre-APC acquisition?
Oxy’s stock price and dividend are still lower today than before they acquired APC. Why is Vicki still around after that value destruction? Where is the accountability? Im about ready to sell my shares but wondering what Buffett sees in Oxy? — read more
New Package Coming in June?!?
We’ve heard a lot of rumors about a new package coming out in June this year. Any truth to this rumor?
Lying Vicki...no surprise
Saving the earth with Direct Air Capture or putting unmarked bills into Trump's gooey pockets at Mar-a-Lago, which way is the wind blowing today Vicki? No integrity. "...Other attendees came from companies including Chevron, Continental Resources... — read more
New Oxy
Prior to the merger it was hard to find anything about Oxy on the web and social network sites (Except for the signage at Minute Maid park). Post merger Oxy is everywhere... Looks like the "new" Oxy has taken and used the media play book from APC... — read more
Locating Retired Employees
How do I find out where a retired employee of Oxy may be. Is there an Oxy retirement community (website)?
DEI on its last leg?
Corporations are starting to dump their DEI programs. How long before Oxy joins in and dismantles its DEI program?
2024 Layoffs, VSP, etc.
I would think since there were no layoffs before the bonus payout we might be in good shape to avoid any in 2024, as long as prices for oil stay up. So it looks like business as usual for 2024. I would think Oxy would still be a candidate for being... — read more
2024 Raise, bonus,LTI
Since we had people sharing last year. Anyone mind posting what you guys received this year? 21,4% raise ,20k bonus, no stock Less than last year but it's ok I think last year was an anomaly.
Bonus payout
Any definitive date on bonus payout yet?
Who let the dogs out?
https://www.reuters.com/markets/deals/occidental-explores-18-bln-plus-sale-western-midstream-sources-say-2024-02-20/
Crownrock delay.........
https://finance.yahoo.com/news/1-occidental-says-crownrock-deal-200843444.html I thought the govt would be happy the oil field was getting smaller by the day. Guess they can't make up their minds.
Performance Bonuses and Raises
How many of you have received your evaluations? When are Bonuses going to be paid out?
How much are raises usually?
Just finished performance review and got strong. Curious with how much of a raise and how it work
CQ Acquisition, etc -Layoffs and VSP’s
Anyone hear if there are layoffs and VSP coming with these new acquisitions?
Steve Chazen
This guy was bad for the company in that he did not support international BD. Seems like he wanted to get back at Irani. Yes, for those opposed to this post we can comment about dead people and be OK with it.
vSP
Is Oxy offering a VSP program in 2024 concurrent with the new acquisition? There are lots of people who passed it up last time ready for the program now. They deserve it because they stayed to help Oxy with the Anadarko takeover and transition.
Congrats! Another year of negative returns!
Another year of negative returns. Go Oxy!
Occidental Petroleum Layoffs 2024
Share any updates you may have about Occidental Petroleum layoffs? Any chatter, news or rumors?