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
Topics regarding layoffs at ConocoPhillips
ConocoPhillips has purchased Caelus Energy's Alaska mid-sized Nuna prospect at very attractive price leveraging it's existing infrastructure to make it possible to evaluate and develop at profitable cost. This is anattractive fence line type... — read more
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
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
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.
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
I count at least 6 geologists who have left the Permian team in the last 2 years for other opportunities. (And that's not counting the many good Permian geologists they've laid off!) Now there is an external posting for a Permian Geologist. They... — read more
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
October is comming be ready for more change!
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
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
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/ — read more
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 — read more
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