What’s happening with New Mexico? everyone divesting tonn of assets? Is it due to regulatory environment? Is it not worth drilling or producing anymore with new no emission rule?
Any rumors on what severance package may look like?
As a ConocoPhillips’s employee I’ll offer you some insight into our new company. And don’t forget (because our managers and leaders won’t) WE are taking over YOU. (1) For your career and annual ratings/rewards, it’s better to look good than be... — read more
Sure is quiet on this board.
Good luck all.
Do I get credit for previous years of service if I worked for ConocoPhillips prior to coming to Concho. This could be significant if severed.
Probably less than a year the offices will be closed and everyone will be moved to Houston or Bartlesville, Ok. Finance, IT, HR will go to Oklahoma and the rest to Houston. Hopefully they’ll offer a relocation package....
Long-time ConocoPhillips’s employee here. I’m hoping to be “let go” gracefully with EOI and wish this merger and combined company well. But, that said, y’all need to be aware of the backstabbing poisonous culture at ConocoPhillips’s. Be prepared to... — read more
It's almost time, sad ending but I enjoyed the ride. Not sure what the future will hold for us but still grateful for the past, the job and benefits changed my life and were greatly needed. Like the old saying goes, nothing good last... — read more
Visiting from the ExxonMobil (XTO) board. We’ve had our 20% cost of living adjustment cut and our savings plan match eliminated. We also don’t have an HMO option for insurance just an expensive high deductible out of network plan. Is the grass any... — read more
if you moved from a different company to Concho do the years of service at previous company carry forward to concho? Reason I ask is they do this to determine vacation time so why would it be done on severance determination? It would help a little... — read more
I can guarantee once the acquisition is completed heads are going to be on the chopping block. To put it bluntly, make sure to have a contingency plan in case your head is on it. I have friends across all industries that have been laid off and it is... — read more
I have been reading between CXO and COPs pages in here. It's concerning that COP staff seem to have such disdain for their own company, especially the SPIRIT values. Is the Power Point thing from the same person or is PP really a big deal over there?... — read more
Why am I reading about this on other boards and not this one? What’s the word friends?
Everyone will get laid off, take the package and run.
Just saw this on Conoco's page https://www.thelayoff.com/t/17xUF6kg If they freeze the pension what the hell does that mean for us?
When the cuts are made and the Midland dust settles (jk, we all know it doesn’t ever settle)........... will the Joe Cone still be there for us?
I hate being someone who worries, but does anyone got the facts????? I see all these rumors but people keep saying they're BS.
The media mostly writes about the consequences that a possible acquisition would have for ConocoPhillips, but there is no mention of what that acquisition would bring us. I'm afraid there will be a lot of redundancy, but the question is how deep will... — read more
Well the saying every dog has there day... welcome to the club COG. Nobody knows what the future holds anymore. A governor who wants to end Oil & Gas. Seems like that buildings in SE NM could be for sale soon.
Concho is not what is purports to be in a highly recognized BEST WORKPLACE company. Most stressful place I've ever worked at. The lazy employees are either protected by poor management or recognized for doing what they do NOT do. What about... — read more
I was let go after 7 years and told it was because of a performance issue. I'm 68 and was literally three months from retirement and lost over $100k in stock. They told me it was because of my performance, but I never ever received a negative... — read more
Ok hired almost 10 years ago. Never ever did this company prove true to what I was offered at hiring as far as what I was offered... bonus, stock, advancement vacation, etc all was B.S. promises and I turned down another offer with a much better... — read more
This is bad. Shale drillers are staring down the barrel of the worst oil bust yet. Not good at all.
All 55 and older are being offered VSPs. Who knows what happens after that.
Concho was planning to cut spending by 33 percent even before this whole pandemic thing hit. Now that's a whole lot of layoffs right there. But add to that all the losses caused by the current crisis... I'm scared things might turn out much worse... — read more
I think the overall consensus is that we all know these “layoffs” are happening. How Concho is going about it though is a total embarrassment, if the layoffs are necessary then fine call it that and give your employees packages and help them along... — read more
Morale is extremely low, no turning back. So bad, upper management forcing people to attend the holiday party and taking names if not attending. When did we get to this point? Pretty sad. They are doing everything to maintain their image rather than... — read more
Just got word that the layoffs have begun here at the Office! Permian Basin
Getting a littled worried, heard some rumors of layoffs here in the Permian Basin. Anyone know??
Morale continues to go lower.
Seems like a good place to lose jobs and money. Sad.
I am in a position to know. In a meeting in 2018 discussing laying everyone older than 55 off that we could, except Management. They are doing exactly this without severance and taking millions in stock not vested.
Confirmed. Layoffs are here.. Corporate reorg, flattening structure. Prepping to be bought out with stock prices this low.