Thread regarding Occidental Petroleum Corp. layoffs

GOM future…..

With the past GOM lease sale in court and the next two cancelled I am a little worried with what the future holds for GOM exploration. It has been a nice ride for my career, but to me it looks pretty bad right now for the near future. I guess for now just pump the reserves and get as much cash as possible to payoff debt. The same could be said for Denver as the rigs are moving down to the Permian. Just a lot of moving parts right now in our industry.

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Post ID: @OP+1gIZHYqo

9 replies (most recent on top)

And how is that GOM Expl manager working for you?

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Post ID: @4qbf+1gIZHYqo

Are reservoirs stacked in GOM? That could lead to more synergies with existing infrastructure.

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Post ID: @2nto+1gIZHYqo

At some point this will mean reducing staff in both offices. Surely after CoC expires. But it will also continue to reduce job transfer options domestically.

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Post ID: @2qkm+1gIZHYqo

Back on topic and the future of the GOM.
New business in the area could include an offshore PP facility measuring production in terminations/day. Solar powered and carbon neutral of course.

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Post ID: @2qkk+1gIZHYqo

If I am not mistaken the ruling will put it back on the states, and many states are still open to the procedure. VH does not need to come out and speak for Oxy unless she gets a buy in from all employees, and more importantly the shareholders. I think you would find out that many employees stand by the SCOTUS decision. They did a recent poll and 80% of the people including women were against the full-term procedure that some states offer, so it is not that simple. Sometimes society needs to be corrected when it goes too far. VH has backed many topics that not all employees back. As far as I am concerned, she should speak out about her personal views on a personal platform and keep the company out of politics. Just look a Disney and the other woke companies. Exposing your company to political views ends up hurting the company, and she is there to bring value to the shareholders and not alienate Oxy from portions of society.

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Post ID: @1qsh+1gIZHYqo

I don’t give a sh-t if Vicki takes a position on the scotus ruling. I just want Oxy to produce oil and gas at the lowest cost and safely, pay down debt, get the stock price up, and pay a dividend. Keep your politics and social agendas outside of the business.

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Post ID: @1yml+1gIZHYqo

This country has no staying power on the environmental issues. It would be nice if certain groups of people would put as much effort into environmental problems as they do controlling peoples bodies.

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Post ID: @fhg+1gIZHYqo

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