How many lawyers of management do we need? I can tell you for sure we don't need as many as we have - especially not when so many are duplicating each other. If we were to get rid of several layers - completely, just cut them in their entirety - the... — read more
Topics regarding layoffs at ConocoPhillips
After pouring billions of dollars down the drain on buybacks in pursuit of self-enrichment, the ELT are not done yet! They announced on 30 Sep that shareholders will get a nice shot in the arm of another $1 billion in buybacks (that is, if they... — read more
As a former COP employee (among the last to get an EOI in 2018) I wouldnt take any steep mortgages anytime soon. Cop will need to resize based on current price level which means the inevitable layoff. The days of getting paid to leave may be over... — read more
People are more than happy to leave for greener pastures even during a pandemic - that should tell you something about the quality of the company. Honestly, the only reason for no layoffs for this long is the fact that the attrition is making up for... — read more
Should I take how quiet it has been around here as a good thing or as the calm before the storm?
COP just sent out a note to contract companies requesting a 10% pay cut for all contractors. Anyone hear of related news elsewhere or similar employee cuts?
Uh, we shouldn’t of curtailed so much.
https://www.cbc.ca/amp/1.5668095 What does this mean to Surmont? Did they just quit Surmont?
For those been peddling the CVX acquisition, you can r.i.p now that theyve gone with Noble.
I see one of the boys got demoted. Couldn't have happened to a nicer guy.
The game of musical chairs has started. The dog days of September have not been forgotten by the ELT.
I’m hearing rumours of another EOI coming out of the LRP discussions. Anyone else? Anything concrete? With our CFO “retiring”, will Finance use this against employees again, or are we past that? Anybody?
Sounds like HR is looking to outsource much of the function as their new model and working with a big 4 consultant. Anyone else hearing this? Looking for a reliable source? Are other parts of corporate on the block as well? Is this to position the... — read more
It’s looking like 2nd quarter has been the quarter for significant write downs for our industry. Anyone have any ideas which of our assets will be written down in this quarter?
When is Surmont 3 starting again? Alberta needs some new jobs, more and more people are going on EI.
BP laying off big time. If you don't think COP will, dream on.
Get ready to do some more with less, folks. Planning for October has begun with HR minions getting their marching orders. Stay positive, it was bound to happen. As Ryan would say, Stay Safe!
The ship is sinking, while Management is arranging fishing trips for Houston folks, Again.
Nonsense statement by Ryan. Where is the racial equality in your own company? Does a review of the ELT, and other levels below indicate that there are no qualified minorities in COP that can advance? I call BS.
I first met our old (current) CFO at an introductory group meeting where he bragged about his spoiled ExPat life growing up, moving from privileged international school to school where he admitted to constantly skipping classes to surf all day. Daddy... — read more
From the news today: Longtime ConocoPhillips CFO Wallette to retire May 20, 2020 8:29 AM ET|About: ConocoPhillips (COP)|By: Carl Surran, SA News Editor ConocoPhillips (NYSE:COP) says executive VP and CFO Don Wallette will retire effective... — read more
If ConocoPhillips is going to claim it started in 1875 (Continental Oil Company) then it can not claim Frank Phillips as it’s founder. Frank Phillips was two years old in 1875. Phillips founded Phillips Oil Company. Continental Oil Company merged... — read more
I heard there are gonna be small lay offs so it doesn’t hit the news
Please explain why ConocoPhillips has three Gulfstream 550 jets for company Executive travel use? Each Gulfstream cost shareholders 250K x 3 = 750K a month in payments and this does NOT include airport hangar and staff (aviation mgr, safety mgr... — read more
What is the hi-pot list? What are the qualifications for joining? Is it audited independently?
A discussion with an LF member about what went wrong.... not surprising. Our leader was chosen in a BOD run-around because he’s a “good old boy” and a perfect example of the Peter Principle. Our next ELT member rode the coattails of getting on the... — read more
Close Bartlesville now and save the company.
Iceberg ahead. https://www.adn.com/business-economy/energy/2020/04/30/conocophillips-to-reduce-alaska-production-by-100000-barrels-in-june/
Its coming. Chevron and CoP consolidate. Few m&a brokers been approached.
It’s time to cut expenses and here is an easy one to eliminate. Operating and maintaining the Bartlesville campus and airport is more expensive than you think. Give our offices and share of airport and maintenance to Phillips.
If you worked with me, You will know who this is. If not, then let this be a testament. I have worked as a contractor at CoP in IT for 20+ years @ CoP. Its easy to look at the current situation and decide that the ELT has no clue. Truth is, they... — read more
So how exactly are we supposed to make any money at all when oil futures are NEGATIVE FOR MAY???? What does COP do in this situation???
2020 bonus are under consideration to be eliminated.
They're cutting salaries - no negotiation, no offers - they're just going to cut salaries to 2019 levels, 2020 raises, which have been in paychecks for 6 weeks now, being rolled back.
Why continue to carry a second campus that is not needed?
ow probable is it for COP to shut down all operations for a certain amount of time. We have witnessed shutdowns and fleet demobilizations at certain locations due to the Covid-19 threat. Let’s face it, if the virus continues to spread at this pace... — read more
Oilsands Permian here we go
This is coming soon....in this order.....get the popcorn ready!