Occidental Petroleum Corp. Layoffs

Topics regarding layoffs at Occidental Petroleum Corp.

Oxy Compensation

What is Oxy’s Bonus structure and does Midland have a geographic uplift?

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Post ID: @10yKZrbg

Darn

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.

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Post ID: @10xrW9ro

OXY 401K + Retirement Plan

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 

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Post ID: @10trEQ8G

FYI

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 

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Post ID: @10sGHHNt

Welcome packet

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 

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Post ID: @10sOLc1F

Oxy Stock

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.

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| 1642 views | |
Post ID: @10qozFGq

Layoff Start Date?

What are everyone's guesses on when layoffs will begin/be announced.

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Post ID: @10qTczD7

Pay Scale

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.

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Post ID: @10poBzMt

Layoffs coming

Sounding like layoffs are coming and they are going to be deep. Looks like not enough people taking the VSP.

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Post ID: @10o8m20w

Retirement packages

Anyone know when the retirement packages will be finalized, and when the retirees are leaving?

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Post ID: @10jRtYsA

OxyChem sell off

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 

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| 1731 views | |
Post ID: @10jWqooi

Lack of Dividend News

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 

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| 1513 views | |
Post ID: @10ivsmWB

Oxy Relocation

Anyone have any insight/information on Oxy’s relocation benefits?

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Post ID: @10ghTI69

OXY Work hours flexibility

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 

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| 1922 views | |
Post ID: @10g63EuX

Retired in 2016

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 

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| 1576 views | |
Post ID: @10frZ1QO

Integration Email

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?

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| 1903 views | |
Post ID: @10ccv4UH

Oxy HR Policy Questions

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 

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| 1782 views | |
Post ID: @10csrHiv

I just wish that this end one way or another

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 

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| 2942 views | |
Post ID: @109OCrv2

VSP calculation?

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.

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Post ID: @100Dl03N

Comments

What happened to all the comments/replies posted on this site? They all disappeared. Might as well just delete the posts!!!

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| 1527 views | |
Post ID: @100so2ge

VSP details

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 

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| 3473 views | |
Post ID: @ZVBgrLC

Anadarko Benefits

Will Oxy adopt some of Anadarko's benefits like the PTO plan?

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| 2564 views | |
Post ID: @ZRjWijc

VSP details

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?

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| 2090 views | |
Post ID: @ZO1XY7X

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