Salary slashed, Sinking Company, HORRIBLE! - Engineer Occidental Petroleum Employee Review

Peak benefits, amazing coworkers, giant organization/market altering company to be apart of

Chances of promotion might come from retirements

Compensation is solid for Houston energy: roughly $150K base plus ~$45K bonus/stock for DS-level roles, with a standout ~14% employer retirement contribution (7% 401k match + 7% company contribution). Benefits, PTO, and hybrid flexibility (M/F WFH, 9/80 schedule common) are consistently praised, and Texas has no state income tax. Overall comp & benefits rating is 4.2/5 company-wide on Glassdoor, and bonus upside scales with oil-cycle performance.

Base pay for ML/computational roles trails top-of-market (FAANG, quant, AI-first firms), and Houston DS employees specifically rated comp 1/5 on Glassdoor — suggesting pay compression or slow raises relative to market. Career progression is reportedly slow, with employees citing 12-year waits for promotion and salaries held toward the low end of the band. Bonus/LTI are tied to oil prices, so comp is cyclical, and recent layoffs tied to the OxyChem sale and debt-reduction push have made job security feel less certain than at integrated majors like XOM or CVX.