Thread regarding ConocoPhillips layoffs

Severance cost

They will try to pay everyones severance before the end of the year to take it as a charge. That way the new year accounting can be spotfree. Like Macbeth

They can do all that crap but they will have the blood of the employees they laid off on their hands...hahahahaha

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Post ID: @OP+DGegF2C

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Severance expense will be accrued in September regardless of when the actual payment is made to the employee.

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Post ID: @1zak+DGegF2C

Not a factor worth mentioning. @ $45 WTI ConocoPhillips continues to be cash flow negative upwards of $1 billion per month.

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Post ID: @1AKo+DGegF2C

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