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Topics regarding layoffs at Anadarko Petroleum Corp.
I heard a rumor that they’re going to close down a majority of the Denver office before year end, leaving only essential personnel like HR, mail room, and janitorial staff. Has anyone else heard the same?
This corporation is structured to function solely to pay lavish compensation on insiders. Members of this fraternity are admitted only based on their ability to increase the size of the trough at which all of the hogs feed. Shareholders, customers... read more
The last Houston one featured only softball questions as usual. Why aren't people asking hard questions?
Anybody have any insight on which departments have the most toxic environment? I hear rumblings daily.
I've been hearing from my manager that Walker and the crew now spend their weekly meetings reviewing all new hires. Is that possibly true? Seems such a waste of time (for those making millions a year, and losing APC billions a year). What leadership... read more
Does anybody have the long boarding forecast for Vail Pass tomorrow? I'd like to skip out before the town hall and shred some asphalt. If I have to listen to the execs pat each other on the back while the company goes down like the Titanic one more... read more
Anadarko buying Noble. Overheard the baboons talking about it. Sounds like it's all but a done deal at this point. Expect announcement early next week. This rumor has been persistent for months now, I wonder if we are actually going to find out once... read more
Good or bad.
Hey Al, if you can hear us over there in San Diego, would you mind sending a few of your inflatable pool toys? And maybe some of that California sunshine too?
I spoke with an old APC co-worker this morning whereby he mentioned Anadarko is experiencing a large number of people leaving for better opportunities. Several key players in the Denver office have decided to move on which begs the question...why do... read more
So to make goals to leave the comfy & cushy Woodlands positions and strive to relocate at the company's babies...Midland & Denver? That is the common question of many!
Does anyone have any perspective on Al vs CEO's at competitors? Positive or negative.
Does anyone know what sort of perks management gets? I hear they have some hunting lodges.
On a the new hires. It makes me think the layoffs were more about old timers and money. They could have cross-trained people to do other things. Unless it is a very specific job people can be cross-trained. This is especially true in the world of IT... read more
"If the company were to grow its cash flow from operations from 2Q17 by 10% in each of the subsequent quarters, then it might still face a cash flow deficit of $207 million in 3Q17 and $85 million in 4Q17, as per my rough estimates. In this case, for... read more
"Anadarko Petroleum (NYSE:APC) -4% AH after reporting a steeper than expected Q2 loss and cutting its 2017 capital budget by $300M to an estimated $4.2B-$4.4B because of depressed oil prices." seekingalpha.com
I've had frequent discussions with current APC employees in multiple disciplines and you're correct - the moral couldn't be worse. The frequent thread is that many of the survivors of the big one were the people who should have been let go even... read more
Well folks, moral couldn't be worse. I've spoken with several current APC employees over the past few weeks, and, well, they are not happy. Not happy at all. Why aren't they happy? Hmmm, let's see... The only assets worth a grain of salt are DJ and... read more
What's really being researched or deveoped day by day in any kind of productive, profitable sense?
U want it ...u sure about that “targeted purchase of their DJ asset and the operational efficiency it might bring. " ...WTF ? There is NOTHING efficient in Noble's DJ Basin. There's a reason they have such a high Noble Energy employee turnover rate... read more
What happened to transparent communications. Isn't open communication one of the proverbial "core values"? The darko has gone silent regarding any news worth hearing. Any insiders know the scoop? Would at least like to hear an acknowledgment from the... read more
June 28, 2016, APC stock amounts to $53/share. June 28, 2017, APC stock amounts to $43/share. It appears Anadarko is doing great and is headed in the right direction... Ananoble...I like it!
im planning to raise a petition to fire Al Walker
I don't see the company leaving the Woodlands. The company has to stay in Houston so it's not moving to CO. Too many in management live in the woodlands and enjoy the soft life. The towers are comparatively cheap facilities because of the county tax... read more
I'm not sure how long this has been in the works, although the employees at Noble seem to think it's been awhile. Noble is looking for a suitable purchaser to cash out the current management. Anadarko asked them to clean up the balance sheet, and... read more
Good or bad or another political result
I've been working at APC a long time now, it isnt the greatest place to work, but isn't the worst. I'm in the mill generation, yeah Walker is a poor performer, over paid, missed on billions, and we lost a lot of good people in the process. Yes we... read more
How long can we keep this up? What is our next step? I wish I hadn't sold my house in the Woodlands.
Wow! We are doing so good! Anadarko Petroleum Corp. has managed to lose over half our value in three years! When will we adjust to the new economic environment and start making a profit?
I am just wondering how many have stayed and commute. I know that many that were told to go have stayed behind and that the company has turned a blind eye towards many of them. When Anadarko Petroleum Corp. annual fall layoffs come again will they... read more
Went to an event called Johnstown BBQ day, I find it ironic it was sponsored by Anadarko.
Look at the setup: late arrival, long lunch, early departure, a playroom, gym time and no leadership to reign in the huge offenders who work maybe 6 hours a day. Then reward them all with every other Friday off. Maybe a little more focus on safety... read more
What is management going to do to stop this? We are spiraling downward so fast i'm beginning to wonder if we can survive? It seems like only yesterday that we were a $45 billion company and today we are at 27 billion. We need to make a major... read more
We are in a death spiral and management is doing nothing to stop it! We need to sell assets and cut capital spending to minimum. If we don't do something soon it will be too late. Is anybody seeing or hearing about anything being done to keep us from... read more
Anadarko is quite literally "killing it"
Circa...2016, myself, like so many other we're identified as not part of APC's plan moving forward. We we're given a severance, which was actually just PTO you were owed, and a ride home to tell your family the great news. Sacrificed on an Excel... read more