Oxy had a great chance of boosting company morale by implementing WFH permanently first amongst it’s peers. They could have been first to attract top talent and get the Company back on it's feet. They had a decision to make, and a year to plan for this decision and as always, they screwed it up.
However, EQT is the first domino in the O&G industry to implement WFH permanently, so Oxy is going to have to be a fast follower or lose their remaining good people to other companies that follow suit. It won’t be hard to get a job in Houston or Midland now without having to move to those undesirable locations.
I can't wait for the case study to come out on how Oxy ruined two companies within 3 years time. Their mismanagement of every little thing is baffling. The board needs to give up and sell Oxy for parts. These mouth breathers aren't doing anything but deteriorating value.