Under Vicky’s tenure, Oxy’s market cap dropped by sixteen billion dollars—billion with a B. That kind of loss isn’t something you can just recover from. This is exactly why you don’t put someone driven by emotions in the CEO seat.
13 replies (most recent on top)
Why are Oxy employees even posting here at 3 pm in the afternoon on a workday?
Some of you guys that complains a lot should focus your energy on how to improve efficiency at Oxy rather than complaining about VH that is working so hard to keep Oxy above the waters. Take some time to think how you can improve things and save Oxy money. That’s what Oxy hired you to do.
You should be adding value and making more money for Oxy than what Oxy is paying you. You need to come back to reality. The global economy is in shambles and you are here trying to pin the blame on VH. Give me a break!
Doubt anyone above the VP is truly capable of taking it out of trouble. Huge debt! Only way is to be bought out.
Chazen led Oxy for just five years and delivered results. In contrast, we are being dragged down for nine years under this 60-year-old hag, and it’s clear the company needs a serious change. It’s time for her to step aside and let Richard take the helm before more value is lost. We need leadership with vision and urgency—not someone clinging to the seat while the ship drifts. she looks like she is about to have a heart attack.
F minus
Epic fails in here too long
and unworthy tenure.
Who will replace Vicky? Will it be internal or external. There are plenty of great candidates inside the company. But will they really want the job? To me it isn’t worth the headaches even for 10’s of millions of dollars more.
Vicki is a "Strong Performer" like everyone else. They are just words that dont mean anything.
She grossly overpaid for APC assets that clearly haven't panned out. Spurned from not being invited the the boy's club when Chevron was courting. Actions have consequences...
The stretch goal for developing a massive carbon capture business needs to be rethought. Fortunately this business is scalable so an exit or holding pattern strategy can be used to minimize the damage. On the debt side she needs to go shopping without a credit card. If you can’t pay cash for something then don’t bring it home.
In a week when the market lost $5 trillion in value due to the Dear Leader's tariffs - trillion with a T; I'd say $16B is pretty good.
Let’s give them performance reviews here.
When you write the word “billion”, you don’t have to follow it up by stating billion with a B.
I mean fair. Unfortunately the entire Vp level and above don’t get performance reviews even though they should.