Keep sliding and see what happens. Even your crazy debt load won't stop someone from buying you at a fire sale price. Keep your resume current, going to need it.
33 replies (most recent on top)
@xacd+1um227HJ, can’t argue with that. However, higher stock prices forgives a multitude of sins.
Yes oil is a global commodity but compared to most peer companies Oxy has significantly underperformed on Vicki’s watch
@wyhl+1um227HJ, of course this is true for ever oil producer in the world. Oil is a global commodity. You do understand that, right?
Stock is up. Thank you to the tensions in the middle east not your great technical savvy...
Some people made a quick 5.00 a share since it hit 49 a few days ago, and may bought at 49. Todays close 55.76.
Want to remind us what WB received for his generous deal making investment?... Is it a preferred dividend that the rest of us are not participating in? His Oxy stock is worth less than he paid for it... He will hold on like the rest of us and wait for an attractive buyout...I'd keep your resumes current.
WB is waiting. He’s showing patience and restraint even though to the simple minded it looks like a good chance to buy. Oxy executives could learn from that. People should be worried that egos and bailouts (and rebounding 2021 oil prices) have saved to many bad decisions and now the well is running dry.
It's literally a good time to buy Oxy. Hope Chevron is listening....
@lxfw+1um227HJ - Stock got down to 49.91 at market close yesterday. It is not just Oxy but most all oil companies due to the price of oil falling. This actually might be a good time to buy Oxy. The 52 week high was 71.19.
I would sell right now if they offered 65 dollars a share. Anything less would be a joke of an offer.
$52.30 this morning... Down 17% for the year. Keep living the dream.
The Company should have closed down the Woodlands office as soon as APC was acquired. The he-l with Montgomery County and the Woodlands. Then offered jobs at Greenway to those who wanted to move. Those not wanting to move could have been let go by the end of the week. The company could have hired many equally qualified people from the Houston market who actually wanted to work.
@izag+1um227HJ, well at least you’re not bitter.
No, I’m sure of it. The attitude gave you away.
Since we hardly saw any Oxy minions during the transition, I sincerely doubt it. My only interactions was with VP's that were talking about retiring (and understanding why staff would take the VSP) and a couple of technical heads that came to the Woodlands tower to try to impress . Funny how most of your technical leadership is APC now. Doesn't seem to be helping with the stock price though. You will languish for a while and then be picked off like the rest.... Love your moxie...You will need it at your next job interview.
@etlf+1um227HJ, I think I remember you. I hope you’re as happy after leaving Oxy as we were in seeing you go.
A major?...Like calling Hess a mini major...Oxy has never been anything but average. Couldn't take my VSP fast enough.
Apparently you are not familiar with Oxy before getting into unconventional. The company was very much operating like a major.
Down 20%?...To compare Oxy to any of the majors is criminal... Only reason Oxy is in the game is because of WB and their appetite to take on more debt. This is a short story that will end badly for the employees....
@berg+1um227HJ, if the stock slide is due to Oxy’s hiring practices, why are its peers experiencing the same thing? Oxy, COP and CVX are all down between 6-9%. I guess they all have the same hiring practices.
I did too... A very nice surprise.
I took the in 2019. I did receive a prorated amount for the LTI that had not completely vested.
In a lay-off or VSP there is no LTI payout except for what has vested. You do not get all the LTI that was granted.
I guess your hiring strategy is working? Stock closed at $51.29 today down 21% over the last 12 months. This downward trajectory usually ends painfully for the employees... Hope you get stock grants and not options for your LTI...
@bhxh+1um227HJ As well, I know many that have come from other companies to Oxy over the last 9 years. Many came from Apache, Anadarko, some from Exxon, Conoco, and so on. Back in 2019-2020 Oxy offered a VSP and a lot of Legacy OXY left, and when things picked up the hiring was done from other companies. If we ever have another VSP then the replacements will probably be experienced hires from other companies as well. Like all companies Oxy has those that skate through work, but that is at every company as large as Oxy.
@bjxa+1um227HJ I know a lot of Oxy employees not hired straight out of college nor acquired (or bought as you say) through M&A. In fact most of the folks in my department came from outside the company via a simple job posting. Perhaps the people you know may not be a representative sample.
Oxy could get a lot of talent as a result of the Shell layoffs. With this new talent Oxy could high grade the workforce and get rid of below average performers. It is because VH is a decent person that this type of thing has not happened yet.
That's funny... Oxy buys talent thru acquisitions and gradually loses them over time. Only people i've known to go to Oxy (not as new graduates or mergers) did so to be close to their homes... Meh....
Yes. Oxy is considered Big Oil and has high standards for hiring. Oxy employees are much more experienced than employees from small Mom and Pop oil companies.
Does the industry respect an Oxy resume? Asking for a friend …
Timing is everything.... I had mucho long term incentive stocks that vested at the August 2019 acquisition price and I then watched them freefall to almost nothing.... No stomach to double down a buy back at the bottom... However, I did buy into NVDA in 2019... ;-)
Why didn’t we all put at least 100k into Oxy stock when it was less than 10 bucks a share. Oh, now I remember. It was fixing to go bankrupt.
Loving it. I see the stress and misery the way it was when we were at 7 bucks happening again. Popcorn on standby.