Occidental Petroleum Corp. Layoffs

Topics regarding layoffs at Occidental Petroleum Corp.

Puttable 2036 bond

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

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Post ID: @OP+16gcQvoa

Yesterday's 8-K

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 

Radio silence

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 

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Post ID: @OP+16ctnR17

Be Thankful

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.

Its been quiet here lately

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 

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Post ID: @OP+15RiQfKj

Good article to read.

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 

Another Writedown

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.

CFO Fired

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

CFO Fired

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

VSPs Revoked!

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 

Chevron layoff board.....

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 

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