ConocoPhillips Layoffs

Topics regarding layoffs at ConocoPhillips

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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| 893 views | |
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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| 570 views | |
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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| 690 views | |
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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| 1067 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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| 1204 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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| 740 views | |
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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| 1337 views | |
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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| 1473 views | |
Post ID: @YAYlYwu

Nothing to see here

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 

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| 751 views | |
Post ID: @Yyg8Zkj

Extremely worried

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 

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| 1440 views | |
Post ID: @YqMg6Ny

Exxon is Coming

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.

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Post ID: @YiwSCN5

Development Moves About to Happen

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 

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| 1121 views | |
Post ID: @YeQtukt

Never have I ever

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.

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| 1391 views | |
Post ID: @YeqraE1

Severance Accrual

As a result of staff reductions occurring throughout the year, severance accruals of $70 million were recorded in 2018.

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Post ID: @Y9T0wnQ

Develop and retain a talented work force.

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 

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| 1140 views | |
Post ID: @Y9Gd6Po

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