Thread regarding Occidental Petroleum Corp. layoffs

Crazy how times can change so fast..............

I read the below from an article about Buffet and his recent Oxy and Chevron stock purchases. I wonder if he knows something we all don't know. Would there ever be a chance Chevron acquired Oxy? I am glad we all still have jobs at Oxy, but man it was a wild ride for the last 3 years. I for one thought we were done at Oxy, but it looks like the price of oil has turned it in the right direction for us. The APC purchase may go down as one of the best ever, if prices can stay on track. In all fairness no one could have ever known Covid was going to be as big a disaster as it turned out to be. Oxy management has also positioned us well with the LCV endeavor for today's political climate. Would you ever believe someone would be calling us a red-hot E&P company? Feels good to be back on the right track.

From Buffet Article:

The legendary investor has added new shares in red-hot E&P companies Occidental Petroleum Corp. (NYSE:OXY) and Chevron Inc. (NYSE:CVX) despite both currently trading at multi-year highs.

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Post ID: @OP+1g4MXiDb

6 replies (most recent on top)

Chevron is WAY too smart to buy Oxy. Maybe Buffet ends up owning it by default, and then asks Chevron to bail him out. But other than something crazy like that, Chevron has shown they actually think about deals before they do them. So dream on…

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Post ID: @hyqg+1g4MXiDb

I’m so glad that @2yrv+1g4MXiDb has a crystal ball. I guess the rest of us will have to get by with just our opinions.

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Post ID: @4liz+1g4MXiDb

The dollar per barrel of reserves will not be changed in the long run by the current bump up in prices.

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Post ID: @2yrv+1g4MXiDb

"The APC purchase may go down as one of the best ever,"

Why do high product prices cause people who work in this industry to go insane?

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Post ID: @1eoy+1g4MXiDb

Chevron is not going to buy OXY… not while prices are this high. Next downturn possibly.

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Post ID: @1osr+1g4MXiDb

When Chevron takes over Oxy they will cut, cut, and cut the work force. There are so many bad feelings that go back decades even before acquisition of APC.

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Post ID: @1bya+1g4MXiDb

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