It’s blatantly clear that Oxy has all the hallmarks of a Marathon, Hess, Pioneer. Oxy has had a great run but has adopted practices and directives typically seen when a company is about to be absorbed and consolidated.
Realize that there are Going to be naysayers but, we’ve seen the improbable actually occur.
This is a surprise? It has been predicted for awhile now. It may happen much sooner.
And, it will be a fire sale with all these junkie a-s-ets.
The price hardly fluctuates with wars or international problems that tells you all you need to know. The leaks in this boat only get bigger, it will sink soon.
@nf If you heard it, it must be true. I mean, why wouldn’t we believe you, whoever you are. But if you happen to be correct, are you saying that senior management going to meet its biggest shareholder during a change in management is unusual? If that’s what you think, you have no understanding of how management-investor relations works.
You guys really need to give up on this “the end is near” doomsday fortune telling. Wishing something is true has never made it more true. You’re probably the same guys in 2020 stating with 100% certainty that Oxy would be bankrupt before year’s end.
@aq These zoomers like AQ have serious TDS and entitlement. Still not using that cream applicator I guess.
I am told that MW your new CEO and EB flew to see Berkshire within last two weeks
Oxy is toast
@kn No, everything you said is completely wrong.
Of the 10K plus Oxy employees/comtractors less than 50% will remain. As a former Hess employee, who made the transition, this won’t be easy. I also had lots of connections to CVX; that saved me. 2027-2028 will be a tough year
A great reply from someone that’s has lived and observed what Oxy is about to go through. Change is about to occur!!!
As a legacy Hess employee, my primary reflection on the Chevron integration process is that the Chevron leadership who hosted the so called information sessions with Hess employees prior to close were reading from a script. They almost certainly knew that what they were told to say was not truthful. This was quite evident from the body language of some of those Chevron leaders. Most of these falsehoods involved assurances that there would be many opportunities for legacy Hess employees in the post-merger organization. In reality, there were very few legacy Hess employees that found positions within Chevron other than those that continued in their pre-merger positions. Clearly there was immense pressure within the Chevron organization to meet and exceed headcount reduction targets among the Hess employees, and this was likely known at the time that these Chevron leaders were saying something entirely different to Hess employees. Bottom line, anything you are told during the transition period between the merger approval and closing is likely to be from a script and not reflect the real Chevron plan for the post-merger organization.
Absolutely.
Thems some big words in that @ay post.
And one must reject @ay's attempt at an a priori argument, if only on a strict prima facie basis.
So, let's not get silly, folks
While global warming and income inequality are strong possibilities/explanations, but I'm going with the related and all encompassing "affordability."
@cb Such anger. I can feel the heat.
Working for Oxy and having that on your resume doesn't have to be the crippling and degenerative disability it is at first glance, guys. Many people have gone on to lead productive lives and contributing to society as a drive through managers assistant trainee or rodeo clown costume cleaner. You people are more prepared for the real world than your companies track record would suggest, so keep those triple chins up. Don't forget to drill two holes in your bottom lip so you can see where the door is and you don't catch your knuckles on the door mat when exiting.
@bv global warming cult is the same cult that is supporting the AI revolution with zero care or concern with negative externalities…water usage, hot zones or toxicity, if a pensioner can even afford electricity.. Same crew that gladly offered to take and administer the vaccine.
As we learned from Marathon and Hess the principles were seeking monetization for various reasons. Oxy will be pressed in a similar direction. RJ is being made aware of decommissioning obligations in the GoA and how by 2030 a significant portion of these fields will meet the threshold of divestment or decommissioning
The events…fishing…
@ay “what precipitates major world wide upheaval then Oxy cessation as a company are manifold and about to manifest soon”
This must be about global warming or income inequality. I’m sure it’s something like that.
@ax week? How so? Stating the obvious and some clown says disregard? Thats extinguishing someone’s voice and observations…I’m now even more convinced about what was written…what precipitates major world wide upheaval then Oxy cessation as a company are manifold and about to manifest soon…
@aq That was weak man.
@an your statement about non value entertainment is that’s exactly what was said by some boomer to Marathon employees. Funny how Marathon got rid of most very early career and anyone over 52 in the office.
Trump’s in office and on his grotesquely inflamed back feet…so at the least we can expect something similar but, different then Covid
@ad None of us know how the future will unfold, what global conflicts may occur in the next couple of years, how the economy is going to perform over the next couple of years, how dozens of other factors could come into play.
My advice for current employees is to do your job, pay attention to the news, hope for the best, plan for the worst and be willing to jump ship if you think you need to. Travel light. Oh, and don’t make any plans based on what you read here by some wanna-be financial analysts. Treat it as entertainment only.
@a9 Oxy being bought out and turning irrelevant is much more than expectation. It fits, coincides perfectly with market factors. What is needed is more production declines, higher OPC, and a full realization by CEO and Board that Oxy is best monetized for the enrichment of top players…
It always amazes me how the middle level workers are the last to see the obvious. Funny thing in less than 2 years this Oxy Layoff will be full of workers comparing exit enentives and thier favorite Greenway food option..
It’s a matter of time…
Oxy would only have themselves to blame.
It takes a lot of guts to predict something like this. I admire your bravery. Then again, it is an anonymous board, with absolutely 0 accountability for BS posts. You might as well be predicting the next World Series champion. Or maybe you’d like to do that too. Some will agree, others not. Then we all move on to the next BS post.
Agreed. The depressed stock price is going to make it easier for the takeover. Employees should mentally prepare themselves for this as most are very complacent will find it difficult to adapt outside.
Chevron will fill the old Hess building with Oxy personnel. The days of bifurcated offices is over…Oxy get ready for downtown Houston vibes
Oxy can start by divesting ME properties as they should have but didn’t. Shell would have snapped that asset. If RJ doesn’t offload GoA struggling assets it’s a sign he will pull a Unical or Marathon
I don't think it will happen this year, but maybe down the road. I know money talks, but I really think RJ wants to run the company for a while and get that CEO experience under his belt. It could also go the other way, and with VH gone there might be a better chance of selling the company or merging. I am sure RJ is going to put his stamp on it one way or another soon. In the end he can be told to sale by the board, but my gut feeling is they will give hm a chance.