Topics regarding layoffs at ConocoPhillips
ConocoPhillips became an independent E&P company May 1, 2012. Some facts: FACT: MARKET CAP: 2012-2019 7-year CAGR of 0.5 percent per year (essentially dead money) May 1, 2012: $68.6 Billion May 1, 2019: $70.8 Billion FACT: DIVIDEND: Decreased 54... read more
Alaska is the most important part of COP?
ConocoPhillips became an independent E MARKET CAP: 2012-2019 7-year CAGR of 1.0 percent per year May 1, 2012: $68.6 Billion May 1, 2019: $73.7 Billion (Compound Annual Growth Rate: 1.2 percent, Poor, poor shareholder) DIVIDEND: Decreased 54 percent... read more
People have been mentioning May as the month when we can expect more layoffs at COP. Has that been confirmed or debunked? Haven't heard much one way or another.
First Chevron and now Oxy... Do I hear 40 billion? Going... Going...
I seen a BR truck in Lysite today. Any rumors on the Moneta Divide project???
If you had a son or daughter about to go to college, would you encourage, or discourage them in planning for a career in the oil industry? I may not recommend against engineering or geoscience, but think I’d push them away from focusing in petro... read more
How much “value” or savings have our repeated RIFs generated? What are the hidden costs? In our case with multiple rounds the hidden costs are even larger IMHO. https://www.cbsnews.com/news/the-hidden-costs-of-layoffs/
Share Price (closing price): May 1, 2012: $56.51 per share (market closing price) April 15, 2018: $66.34 per share (2.3 percent calculated average annualized growth rate) Production (MBOEPD): 2012 Average: 1527 MBOEPD 1st-Half 2018 Average: 1,216... read more
So market rumor was OXY (a smaller company than COP) was able to offer a deal to buy $33 billion company. It took me 3 days to digest this information. How is that COP a bigger company selling assets and a smaller company able to offer to buy an... read more
Don't worry about somebody buying COP. Nobody wants us. Don't worry about us buying another company. Quite simply it's not what we do, we sale things. Buying stuff does not let us buy back cop shares. Don't worry about layoffs. Every worker that has... read more
XOM or Oxy, since Oxy is moving across the street I am giving them the best odds.
Meanwhile, in nearly every other industry: https://www.vox.com/2019/4/9/18300355/workers-layoffs-firings-rate
Lately very few news are getting around regarding the future cuts and such decisions. Constantly being questioned to justify our existence and petty spends on legitimate value adding projects. Keep asking same questions differently and preparing... read more
Rumor has it that Exxon is eyeing COP up for it's L48 position! Share price is less than when we split in 2013. Plan is to keep the US assets, dump the international stuff and close the HQ.
I'm ready to leave ConocoPhillips, but I'd prefer to do it with some kind of an additional safety net... Do we have any idea if volunteer layoffs might be offered to older employees who have been here for 15+ years any time soon? Any info on this... read more
Development moves are about to happen. Remember, this is only to appease the cry that the company doesn't care about development, not to actually do something real problem at the scale it needs to actually be done. With these few moves they will be... read more
Worked with such a mean, bitter, and disfunctional group of people. Sprinkle in technical incompetence, over-confident, dis-honest, lack of vision, no strategy, dis-loyal, slandering, vindictive, entitled, and much worse.
I don’t get it...if people are laid off then less numbers are sharing the dough so each should get more. Whose cutting in my pie?
As a result of staff reductions occurring throughout the year, severance accruals of $70 million were recorded in 2018.
We strive to attract, train, develop and retain individuals with the knowledge and skills to implement our business strategy and who support our values and ethics. To this end, we offer university internships across multiple disciplines to attract... read more
Just heard layoffs planned again; Houston plus about-to-be sold BU’s. Lower 48 gas natural gas prices too low, plus cash flow. Anyone else?
So we shouldn't be excited about what a great year 2018 was? When a company uses cash to buy back shares, they have less to grow their business. Share repurchases have a very limited, one-time effect, on the company. This is why once a company... read more
It’s actually the opposite with me: I work about an hour, take 7 off, and my boss is clueless. What a great company! http://www.bbc.com/capital/story/20190312-the-tiny-breaks-that-ease-your-body-and-reboot-your-brain
I don’t understand this crowd. No layoffs in 2019, all the best VCIP, best company to work for and still see the foxes complaining about sour grapes. Can someone explain this behavior.
One of those I's in SPIRIT has to be for irony. I mean why else would you spotlight an engineering supervisor for international women's day that intentionally undercut other women in the wells group to get them laid off and get rid of actual... read more
Wow the stock dropped like a rock today.
Remember that good employees quit because of: Lack of appreciation and support No opportunities to grow and learn. Lack of integrity by their superiors. Lack of trust and respect. Challenges to the status quo met with negative consequences... read more
Since COP traded as pure E Dividend: $2.76/share 03-06-2019 closing share price: $68.29; Dividend: $1.22/share Annualized Share price appreciation has been less than 3 percent Dividends have decreased 55 percent Shareholders have not done well May... read more
Hearing rumors of buying Anadarko... Any truth?
Who is the worst GGRE TMT rep? Who was the biggest narcissist of them all tonight....biggest brown noser employee?