Oxy. Always has been a loser, and its leadership from CEO to Managers, always lacking and incompetent. Is it even an oil and gas company now, or a green-wannabe? No wonder Chevron did a hard pass. Vicki as CEO still makes me laugh.
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Glad you're getting a "laugh". However, as the old saying goes, "he who laughs last, laughs best."
Looks like Buffet may get another juicy investment opportunity coming his way with another acquisition. Perhaps a 12% interest rate this time.
Look at Oxy’s stock performance bs the industry and peer companies since VH took over as CEO and since the APC offer in April 2019. Massive underperformance.
Agree with OP. Only thing that has save her fat a-s is her plea deal with Buffet. Her performance on 60 Minutes, and the self nominating awards she has gotten are a pitiful joke.
Wait until the weight of Uncle Buffett shares is lifted and we will shine, no doubt
We can disagree. The APC deal is working out with good properties in the Permian and we got back in the GOM. Add the Colorado properties as well and we grew a lot with APC. She is playing it smart with the green energy initiative of our current government as well. The govt already has paid us a billion dollars for the effort. One could argue that Oxy is on the forefront of the green energy in regards to oil companies. She also won an award for Energy Executive of the Year. I was railing against her when Oxy first went after APC and especially during Covid, but we have come out the other side well positioned, so I have to give her a win overall.
The board will never fire her but Oxy has massively underperformed the industry during her tenure. Oxy’s stock is still down more than 10% since she made her offer for anniedarko and the dividend hasn’t recovered either. But she and all her cronies keep taking home big fat paychecks.