ConocoPhillips Layoffs

Topics regarding layoffs at ConocoPhillips

Delays in Alaska?

Another example of COP conservative culture. The Willow reservoir is composed of shoreface, wave-dominated deltaic sands that are discontinuous. Ask any geologist and they’ll tell you there will never be confidence about individual sand layers. This... —  read more 

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Post ID: @119sQNlG

It’s What We Do

Saw this and reminded me of what we do... we layoff employees after promising layoffs are done... then we “reduce the size” of our ELT, granting two members 36 month severance... —  read more 

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Post ID: @117J55sz

Recent severance/layoff packages

My understanding from prior layoff rounds was that COP was offering severance pay equal to 3 weeks salary per year of service. Does this still hold true? Any accounts of HQ/BUs accommodating voluntary severance package request on a case by case... —  read more 

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Post ID: @10PHC5KN

Morale

It has been some time since the last layoffs. Have most people in your group moved on? What is the morale like on your team? Are people productive, happy, and upbeat about the future?

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Post ID: @10ILTy4v

Whiners

For all the whiners complaining about our management making hard, painful decisions on layoffs, keep in mind that our severance expense process was world class, and much in keeping with our “People”... —  read more 

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Post ID: @10wzsTPq

Exploration Strikes Again!

Or rather, strikes out again! This time with the public announcement that the Austin Chalk is not living up to the hype they originally made it out to be, though is anyone really surprised?

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Post ID: @10kQcdh7

Exploration in Alaska... what could go wrong?

Let’s see: the BU that gave us a billion dollar plus loss in the Chukchi Sea, from the current BU leader who gave us APLNG, from the same exploration leaders who denigrated unconventionals while they pushed “snuggle” Exploration and multiple billions... —  read more 

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Post ID: @101kjQJh

More trouble on the horizon for COP employees

Oil prices keep falling, which can mean only one thing for us - more layoffs. Not looking forward to discovering just how many it'll be this time... Oil prices dip on signs of slowing US demand, economic concerns... —  read more 

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Post ID: @ZSB1VsI

Experience is too expensive for ConocoPhillips

Sadly it is because company doesn't want to keep experienced people. Lay off all the experienced people because they are supposedly too expensive. And then watch all the remaining skilled people become disaffected and walk away. Hire monkeys if you... —  read more 

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Post ID: @ZRynHi5

Stock Price?

Crude has seen a small rally recently and many of our competitors stock have followed. Why do we continue to lag? Seems to be stuck in that $60 range.

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Post ID: @ZPmOeS6

Biggest Disappointments Since The Split

I know some of these are old, but here goes. (1) Dividend Cut after promising no dividend cut a month earlier (2) Zero focus on all costs immediately after split. Yes, ancient history, but highlights how naive leadership was when they should have... —  read more 

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Post ID: @ZNruqok

A's hire A's, B's hire C's

So there is a saying in the business world that "A's hire A's and B's hire C's". Meaning that A level people want to work with other A level people because their focus is on doing the best job, while B level people don't want to work with A or B... —  read more 

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Post ID: @ZwqCmQ3

Response to “CONOCO's Management Spot On”

Using our current price forecast to grade our “leadership” is ignorant. Real leaders must think long-term, but also plan for both good and bad times. In this, our leaders have failed us, planning for good times during high prices, and reacting... —  read more 

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| 1312 views | |
Post ID: @ZlOpt9R

CONOCO's Management Spot On

Conoco's managements long term oil price prediction and consequential business changes have been very accurate and shrewd and are now beginning to pay off. Management has put the company into an extremely good position. Selling off marginal assets... —  read more 

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Post ID: @Zh5Y88C

Alaska ?!

Alaska is the most important part of COP?

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Post ID: @YRSLNtP

More cuts?

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.

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| 1333 views | |
Post ID: @YQHCUYf

Energy industry

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 

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Post ID: @YI7NAJj

Hidden costs of layoffs.

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/ —  read more 

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Post ID: @YI1R6iV

Our COP world just keeps shrinking

Just announced sale of U.K. North Sea interests following this weeks announcement of sale of Timor Sea Greater Sunrise interests. Great exit opportunities or do we need the money or both? Our COP world just keeps shrinking. Bumped from @YAYlYwu-3kpa... —  read more 

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Post ID: @YEiPkkH

Acquisitions in O&G

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 

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Post ID: @YAYlYwu

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