Does the Sprint initiative = layoffs for Midstream?
What about our R and D folks? I hear they’re having a hiring freeze. And that people are desperate to get out. Is it a sinking ship?
With AE66 being sunset, will the employees that were working on that be laid off?
Earnings - Malformation
I’m glad to see P66 have good earnings for the first quarter. The good results were due entirely to running well and good margins. Malformation had nothing to do with it. In fact, the results were in spite of Malformation dragging us... — read more
I think my position is being eliminated but instead of paying my severance, they’re going to offer me a job I don’t want and am in fact not qualified for. They want me to just quit. That’s honor???
Lots of hirings coming at our site. Is it the same any where else?
Any word on how each site is going to handle this?
When are all the great things that BT was promised to do going to start happening?
What’s Going On?
There hasn’t been any news in a couple of weeks.
PSX’s 2022 EBITDA numbers vs. XOM, COP, MPC???
Go to Macrotrends. For example, Conoco Phillips (COP): https://www.macrotrends.net/stocks/charts/COP/conocophillips/market-cap Click on the tab for Profits and Revenue. Then click on the tab for EBITDA. Look at those nice positive increasing... — read more
Who is planning to leave the company once the VCIP check clears?
Everyone keeps talking about an expected wave of resignations after VCIP but do you think it will really happen?
Out of the Ordinary
It seems to me that something out of the ordinary or even strange is going on at HQ. I don’t know anything, it’s just vibes I’m picking up.
VCIP guesses - no sadness allowed
Place your bets on VCIP percentages! 170
That Didn't Take Long
Well, it didn't take P66 very long to get up to their old tricks with DCP Midstream. They're laying off ~130 employees in Denver. They did do it quietly and pushed off the dirty work on DCP, but it was P66 pulling the strings.
Enhanced parental leave benefits-:(
So my delayed merit increase is paying for new parents to have up to 16 weeks off paid at 100%. Once again, P66 shows that they only value youngsters and not the experienced and long tenure employees
VCIP invite included ominous phrase "discuss upcoming changes to VCIP" Doesn't look good. Any ideas on what's brewing?
Rating percentages as part of transformation
I heard they quietly decreased the percentage of 1's and 2's as part of the transformation. Does anyone know if there is truth to that?
Will there be any merit increase?
Experienced hire last year. SGL 16. Above 110%. Rating 3. What will be the merit increase? 1%? Seems I am hosed due to where I am in the pay band. Any thoughts?
2 of my friends left this week. They didn’t even wait for VCIP.
Early Retirement Package
What kind or early retirement package has Philips 66 offered to those willing to leave early?
Phillips 66 Layoffs 2023
What's your prediction as it relates to the possiblity of Phillips 66 layoffs? Any chatter, news or rumors?
Why have postings been so skimpy lately?
Higher Paying Jobs in Houston
Just curious if anyone has any stories of employees who left in Houston and found higher paying salaries inside/outside the industry in Houston?
Global Town Hall
Any news from the Town Hall today?
Global Town Hall Thoughts?
What are your thoughts on the global Town Hall that took place today?
HR Town Hall - PSX Stock
They said at the Town Hall today that Transformation is reason PSX stock is doing so well lately and that the Investors Meeting last week went swimmingly.
Which Refinery is next??
From the investor call: Mark Lashier: "We're constantly looking at what refining assets belong in our portfolio long term and what is the best way to deal with those that maybe aren't having a long-term future. And you've seen us exit Alliance. It... — read more
1,100 by the end of the year
Billion dollar escalators for downtown Bartlesville
HOUSTON – ConocoPhillips (NYSE: COP) today reported third-quarter 2022 earnings of $4.5 billion Phillips 66 (PSX) on Tuesday reported third-quarter earnings of $5.39 billion. Two companies with multi-billion dollar earnings, and they still can't... — read more
will there still be layoffs in 2023?
will there still be layoffs in 2023?
The least problematic O&G company
Any thoughts on what's the least problematic O&G company? I know all have some of the same issues that we do due to the cyclic nature of our business, but I'm talking about things that are independent of that, like how they treat employees, how... — read more
Moving Too Fast??
It seems we’re moving so fast on Transformation that nobody seems to really know what changes are going to work and which aren’t. We’re just flying by the seat of our pants.
I see a lot of posts characterizing the ELT as acting in bad faith, but try and remember Hanlon's razor
And never ascribe to malice that which may be adequately explained by stupidity
Good Transformation News
I just watched a video that said that Transformation was going to last through 2024. That means it’s going to collapse in on itself probably sometime next year. By then everybody will realize that it’s failed and it’ll all be swept under the rug... — read more
P66 nurtures talent for other companies to reap the benefits
If our leadership does not realize how much of a loss it is to train young engineers and then very easily let them go to the competition after that, then that's a very bad sign. And that is exactly what is happening. They don't seem to care at all?... — read more
What are you asking at the global town hall?
FYI, the Q&A link works outside the intranet if anyone is concerned for anonymity.
This is the day p66 leadership meets with investors in New York. It’ll be interesting what claims the make to them about how wonderful transformation is.
The more I learn about Transformation, the more convinced that it’s going to fail. Rather than stream lining things it appears to have created a bunch of little reporting groups. Way too many moving parts to ever be successful.
I just watched the video about earnings that the president of the company issued. He makes me sick. He’d gag a maggot.