What happened to messages on here about the town hall? Vicki impressed many and seemed to be transparent about plans for the future. Keeping Woodlands campus for awhile since everyone will not fit at their new campus. voluntary retirement for 55+. Hoping we will know about our job by closing that might occur in September.
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here is a cartoon version of finance. Whats the interest on $50,000,000,000.00? Thats 50 Billion dollars. Simple math at 5% interest which is very generous it works out to about $7,000,000.00 per day - 7 million US dollars.
Oxy will have a rough road ahead managing debt of this magnitude. I dont really think they even know how to run an Oil & Gas business. They are much more famous for pulling a rabbit out of a hat. I feel pretty confident that they will succeed, but I will watch my stock suffer painfully while I watch the slaughter of countless careers of dedicated workers on all sides that get thrown into the shredder.
Her job is to increase Oxy stock price, not guarantee you a job. Never, never believe anything the CEO says.
Remember...you are all still riding a ride that could change in any given second, as Chevron and Oxy deal. Do not fester over any noise outloud, documented, it is all noise, and not put in writing. Everyone on both sides are at risk. Because they do jit care about any of you. Remember, remember this!
@ZeHJFs8-1aqj Is EXACTLY RIGHT Whether you want to hear it or not. Oxy needs to slash cost, minimize assets, and integrate this deal FAST or the market will punish them severely. So....once the deal is done Nothing is off limits for them to do what they want with what they’ve purchased.
Words are cheap, one can be careful but should not pre-emptively mistrust all people resulting in a syndrome of paranoia.
She did say we will not be asked to move offices after the 1 year to take advantage of the change of control document. In addition, if after "thoughtful" analysis that needs to happen (office move) then Oxy will do what s "fair". (whatever that fair means is open to interpenetration).
You poor naive souls. You hear what you want to hear and you’re like lambs to a slaughter. The OXy CEO said the same things I heard the APC CEO (Hackett) say to the Kerr McGee people. They all say the same things to the company they take over. Look around - do you see any of the KM offices still around at this point in time? Only a few will make the leap to Oxy - mainly the field. Wake up people this is what every take over looks like. Update yo resumes folks !
Of course they are keeping the Woodlands campus. It won't sell fast. Will HHC grab it? Maybe Exxon but how reliable have they been? And there's a lot of files and equipment to move or dispose of or send to storage.
And everyone won't fit in the new campus? So are they looking for a bigger corp hq? Or will they reconfigure and downsize?
Winter is coming.....soon soon soon
@qlv - you have NO idea how right you are. That is just the tip of the iceberg with Oxy.
55 is the new 65 when you work in the oil business. Too bad SS and Medicare do not kick in at 55. In this business you better be in good shape by the time you are 55 because you will need the cash to fill the 10 year gap for insurance. Many that are 55 plus will not qualify to the insurance.
half the company got cut off after her autobiography and missed the main points and Q&A. I guess open communication isn’t one of oxy’s core values. her feelings have gotten hurt and she wasn’t allowed to be recorded
So is the change of control plan “optional” for OXY? Why would Anadarko put this plan on the Insider if it were not governing document.
Why would they do that? If it’s “voluntary “ then no would would accept it. Just wait and take the change of control payments. The “voluntary “ retirement package better be the same as change of control payout.
Heard she talk a lot about voluntary retirement but didn’t really commit to the change of control payouts. Some are worried she’ll force you into voluntary retirement option over the more expensive change of control. Did anyone else sense this?