One man can do most of them. read more, https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7722. Occidental Petroleum started broad layoffs this week that will reach from Houston to Denver as the Permian Basin’s leading oil producer aims to cut costs in … Few jobs will be cut internationally. Happened to look to see who replace OCC President and saw GV and SL are no longer listed. Oxy is accommodating y’all to be happy and retain you, now turn off Netflix and get back to work and #OutPerformExpectations, With the MLB post season playing the championship series at Minute Maid with fans (mostly in suites)... does Oxy have the gaul to send anyone to the suite? Simple request - if you feel the need to b**ch about your job, go tell your SO. Oxy’s market capitalization value is $38 billion — the same amount it paid for Anadarko. Some area business owners are concerned about the impact of losing business due to the sale of Anadarko to Occidental Petroleum, and the possibility of the employees and headquarters relocating. Number of employee: 14400 Occidental Petroleum Corp said on Wednesday it would begin dismissing workers in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum. Trump says he built a ‘booming’ economy. Occidental Petroleum is selling the former Anadarko headquarters in The Woodlands to help pay down debt. It sold off $10.2 billion in assets toward its goal of divesting $15 billion by the end of 2022. — Out of all the completely mo–nic things that OXY has done in the past 2 years, this has to rank in the top 10. — Occidental Petroleum completed a $38 billion acquisition of Anadarko Petroleum Thursday. Repercussions of the coronavirus outbreak come as Oxy on Friday said it lost $965 million, or $1.22 per share, in 2019, compared with a $4.1 billion profit, or $5.39 per share, during the previous year. If you can work from home why change it? Helpful . Occidental Petroleum Corp. The company’s quarterly results were hurt by a $1 billion charge related to Occidental’s loss in equity from its investment in Western Midstream Partners, as well as $673 million in merger-related costs from its Anadarko acquisition. Oxy said last week it would sell the twin-tower Anadarko headquarters in The Woodlands — while leasing back one tower — and the old ConocoPhillips campus in the Houston Energy Corridor for a combined $565 million to the Howard Hughes Corp. to help further reduce debt. Bravo VH and rest of the EC. Western’s market value is currently about $10 billion. The company on Thursday said it produced an average of more than 1.4 million barrels of oil per day during the fourth quarter, exceeding expectations.