20% only.

I wonder if oxy will cut our 401k match and reduce our benefits like xom? And possibly reduce our pay again. I am getting concerned again.

I’m 30, I’ve worked for OXY since I graduated and I am currently 1 year into my MBA. I am debating leaving the industry due to a combination of industry instability, climate change talk (look at BPs recent announcement to reduce their production 40%... —  read more 

Second paragraph under "Debt is Manageable" - can anyone explain what the 2036 puttable bond that might come due in October is? https://seekingalpha.com/article/4363827-i-wouldnt-buy-occidental-even-oil-prices-recover

Anyone heard anything about the next round of layoffs?

Oxy board voted to partially restore executive salaries and slipped it in an 8-K released after market close Friday night. Seems kind of slippery, like maybe they didnt want anyone to notice. Thinking that they are getting ready to cut LAPC salaries... —  read more 

LOL the governor of Wyoming is wondering why they're getting the silent treatment from Oxy. Is anyone surprised? Standard Oxy protocol. EC and mgmt continue to prove they are a bunch of unprofessional incompetents... —  read more 

I wonder what will be discussed in the all-employee virtual conversation after the Q2 earnings call.

How would you rate your direct manager during this stressful period and why.... are they supporting you? are they motivating or demotivating? Does anyone feel loyal to their business unit because of a direct manager or is it the opposite, and they're... —  read more 

Big companies are still cutting.

Wonder how much we are dishing out for the gigantic Oxy sign at Minute Maid this season?

https://www.cnn.com/2020/07/21/business/chevron-noble-deal-michael-wirth/index.html The Anadarko episode helped shape the decision to make a play for Noble Energy now, Wirth told CNN Business in an interview. "[It] reinforced our existing... —  read more 

Oil is up as is the market. Oxy up 9-10%. Yipee!

Oxy gives $1B to CVX and then CVX makes a prudent move to acquire Noble for $5B. Way to go oxy!

For those who keep whining and complaining all the time, just be thankful that you are still employed in these difficult economic conditions and pandemic. And if you hate working at Oxy so much, just do yourself a favor and leave.

https://seekingalpha.com/article/4358682-saudi-arabia-dead-serious-pushing-oil-prices-higher

What happens to LAPC in August? Will they relocate all of the WY / CO employees to Houston?

Absolutely ridiculous for OXY to be paying upwards of 40 million plus a year for these old buildings. And the buildings are “sick”. Everyone talks about how much better their health has been and less allergies since leaving Greenway to WFH. Wonder... —  read more 

Some plants are shut down and others are at low rates.

due to insurmountable debt they acquired when Oxy spun them off. Sounds like Oxy enjoys sinking ships with large debts, hedging on better oil prices. All under one CEO.

Too many unnecessary layers of middle management/tons of bureaucracy. Who agrees?

Honest question, after experiencing the culture at Oxy, and seeing so many experienced professionals take the VSP, I think everyone can agree that there is something very wrong with Oxy culture. Are there companies out there that have cultures that... —  read more 

It's funny how ever since they announced that we were getting our salaries back to normal people have been quiet, just shows that despite all the real issues that kept being brought up on the way the company is ran from the bottom up, at the end of... —  read more 

Looks like the new date will help many of us out. I am at a high risk age and really appreciate the fact we get to WFH a little longer. Say what you will, but with our full salaries back and WFH longer I am glad I did not take the VSP when offered... —  read more 

How are those people in greenway 5 doing? I heard a lot of them went back to work in the office.

This article highlights a good amount of reasons why a major like XOM could be eyeing OXY and why OXY leadership could be shopping. It's not rumor mill but instead it's an insight into a mind who is merely starting down the due diligence path... —  read more 

Has anyone that has left via the VSP or Layoffs found much work? If you are looking best of luck if you have not. Just wondering how it is out there.

I don’t think it is so much that a bunch of employees want oxy to fail, but rather most employees feel disenfranchised by an EC that would go around shareholders and do whatever they want. Even if it meant collateral damage to the employees who... —  read more 

https://www.msn.com/en-us/finance/companies/occidental-plans-to-issue-stock-warrants-after-slashing-dividend/ar-BB161973

Oxy will write down $9 billion on its assets in the 2nd quarter. This is the 3rd consecutive quarter of asset writedowns. The $9 billion will represent nearly half of Oxy's total market capitalization.

Any truth to this?

ExHR friend (Haha that sounds funny on this board) has given me the heads up that a layoff is being planned for perhaps to day or just before the holiday weekend. Soooooo who besides middle management is ripe for the pickin this round? .. —  read more 

These last three months might have been the most important learning process in you education. You basically saw the industry hit rock bottom, and now oil is at $41.37. I have had a 30 plus year career in the business and this has been one of the... —  read more 

Lol.

Smart A– Cedric was finally terminated after being removed from his throne. Maybe they realize now their actions were financially irresponsible and reckless? Bye bye Ced

Smart A– Cedric was finally terminated after being removed from his throne. Maybe they realize now their actions were financially irresponsible and reckless? Bye bye Ced

Last week a group of LAPC with approved VSP exit dates of Aug had their VSP revoked. Honoring an agreement means nothing to Oxy and the upper management. They were forced to sign a new employment agreement for most with an exit of end of 2021 or... —  read more 

I work with a bunch of LAPC complainers, always asking my supervisor to change their schedule. Tired of it. We were asked to welcome them to the Oxy team but they want us to work APC way. We always had a laid back job now we have to be on top of them... —  read more 

I know a lot of people wanted to go the Chevron way, but go read their board. They are going through the likes of vsp and layoffs. It looks like you have to apply for 4 jobs and if not picked then you get the EOI. I think the EOI is like e the Oxy... —  read more 

Well I saw in the Chronicle where Oxy is leasing at Greenway through 2031. I sure hope the owners clean up the building and do things like add new carpet, paint, replace ceiling tiles and so on. The paper makes it sound like a really nice place, but... —  read more