Any ideas?
20 replies (most recent on top)
There have been a few highly valued Oxy employees who left 10 to 15 years ago who have been very successful as officers of other companies.
Until 2015, APC was a very well run company with extraordinary technical and operating talent, so many of the individuals who “retired” with the package in 2015 are running other very successful companies in the capacity of COO and CEO. APC was a real company
After big Al decided he wanted all Indians and no experience things deteriorated.
BTW, how many former Oxy employees have gone elsewhere as COO or CEO after they retired? Not many, in fact I can only think of one and he is back on the board as chairman.
There is too much debt for open and willing arms of some other company.
@sqe - your comment begs a follow-up. It appears that APC was not as poorly run as you think. Cuz look at who's holding the bag o' sh-t now. The reality is that "poorly run company" was able to see Oxy with "S—er" written on her forehead coming a mile away. It seems to me that if Oxy was so well run it would dump its pitiful self into some s—er's arms too and disappear into oblivion. But there is too much pride and incompetence for that.
@set yourself free you come across as a stereotypical arrogant prick. Since day one of the merger, LOXY has oozed narcissism and had a holier than thou attitude. Having to explain things in quote simpleton terms shows how you think you are so much smarter than us dumb LAPC $h!ts.
APC’s IR group would send information to the employees at the same time it released info to the general market. Did they have to do it? No, but it was nice to make the information readily accessible.
If you took a poll of Oxy employees, what percentage do think are aware the quarterly earnings were released and there was a conf call yesterday?
I didn’t choose Oxy and never would have willingly chosen Oxy as my employer. It’s an unfortunate predicament that the job market s—s and Oxy is unable to lay off LAPC staff due to the CoC provisions.
I think we can agree we hope oil prices keep going up. Maybe Vicki’s bet won’t be so disastrous and those of us wanting to find other opportunities will be in luck
MEGER
Seems there are so many on this site that work for Oxy, but actually want to see Oxy fail. If they can ever figure out who you are they should fire you on the spot. For all of us that want to see Oxy succeed the complainers just continue to take away from what we are trying to accomplish, and those are the losers. Just stay and complain because you don't have the guts to leave on your own.
Clarification: it wasn't a merger, but an acquisition. Embrace it. Help make it work. It's been almost two years, so let's get past it. Both companies brought some good and some bad, like in all acquisitions. If you don't like it, regardless of which company you come from, please leave.
Just like APC, OXY and the rest of the public companies present the quarterly earnings to investors and employees at the same time. No, OXY doesn't send an email to the employees, since they're smart enough to go to the website and get them from the IR site smh
APC was a technical leader for many years, and Oxy is and has been a technical loser for many years. That's the real difference between the two. There was never a way for both to be merged effectively, they were always opposites in technical competence and successful business results.
@Ghost of Chuck,
Okay, I will spell it out in 'simpleton' terms. Your comment that APC shared information to its employees that was already published and open to the public, is somehow 'open communication' to its employees, is hilarious. I guess if you are that out of touch with your company, you would appreciate being force fed information. Are you escorted to the bathroom, as well?
My point is that APC was obligated to open the books and make real forecasts to OXY during due diligence. I'm not sure that happened for Shenandoah, and the law firms think so, as well.
@sqe+19yYx12C
My comment was an appreciation that APC communicated earnings results and the conference calls to the employees. I haven’t seen Oxy do that. Not sure why people take offense at that.
@truthseeker - what does that link have to do with anything on this thread?
Vicki spews whatever BS she wants and has a permanent pass to continue to do so - even the equity analysts have generally stopped calling her out on it lest they be branded non-feminist by the ‘woke’.
Truth is Oxy missed estimates by wide margin even though she says “all businesses outperformed” - check the stock price; all oils up today except Oxy down!
I thought Oxy was supposed to outperform the peers as oil price came back. Where is the accountability??
Conference Call: i.e., can't retire the preferred with Berkshire even though we have the ability to source capital at a much lower rate until common shares have a yearly combined dividend of $4/share. Berkshire is much smarter than Oxy... Won't be able to retire the preferred for a very long time.
@Ghost of Chuck,
ARE YOU KIDDING ??
https://www.bloomberg.com/news/articles/2020-09-09/anadarko-s-100-million-ceo-ensnared-in-oilfield-fraud-lawsuit
It's funny to see the notes regarding what APC had or did. The reality is, APC was a c-appy and poorly run company, quickly going downhill. If OXY and APC were separate entities today, we know OXY would be much stronger financially. Not sure if APC by itself would have survived last year's downturn.
Roll Tide!
Look at Oxy.com under investors/quarterly reports.
Makes one appreciate APC emailing out quarterly resorts/conferees call info and other press releases to the employees. But then again open communication was an APC core value.
When is the call? Did we get an invite and I just don’t see it?
Stupid garbage. Rah rah! Oxy! Rah rah! We are the best! #2 in the Permian and #1 now at....check notes.. carbon sequestration!