The sweet sum of next to sh-- all I'll bet. Cutting heads is done by the weak. Changing the way you work is done by true leaders and there arent too many in ConocoPhillips.
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The only true strategic resource are the assets ... problem is they are underwater at these low oil prices.
Wow. Becoming a force to reckoned with in the future? To do that, COP needs leadership. Period. And we don't have it. There are several ELT members that need to go, including Ryan himself. And he should take Al, Matt, Ellen, and James with him. And then, with the right layoffs occurring at the next levels and below, the company might have a chance for survival. I think the most likely option is continued asset sales until there's nothing left but scraps. That will make another round of 20% cuts now look like child's play. Time to let go people...it's easier to find a new job when you still have one. If you decide to ride it out, good luck to you. Just don't stay because you have faith in the "most wonderful and efficient Managers in the industry" because although there are some left, most of them don't work at COP anymore.
You used the word "stressful" twice, I think you are very stressed out and you are talking sht. Managers at cop are bunch of rats and aholes with no clue about the business.
RYDD - Hahahaha. Excuse me, I almost passed out f/ laughter. Did you actually say that COP has some of the 'most wonderful and efficient managers in the industry'?
If so, I feel for you and question your relationship with reality. Track record would suggest the exact opposite
1wni
Survival tactics, bootlicking
-1wni
I couldn't really understand you. Try taking all of the managers' Ds out of your mouth.
At this point in time it is all about surviving the downturn and eventually becoming a force to reckon with in the future. Process change may be for long range planning since the effect may not be instant. The effect of cost cutting and layoff is almost immediate and would help the company survive this stressful period. We have some of the most wonderful and efficient Managers in the industry and the process change would be looked at in future after the company survives the stressful period.
Well said! COP leadership is non-existent
Whatever gave you the idea that layoffs were cheap?? Changing processes to improve efficiency and save money is of course the better route, except that we have a stable full of useless, crap management that have no idea how to do the actual work, much less change it for the better. The company will go down in flames, not because of the price of oil, but due exclusively to poor leadership. Every company deals with adversity and complex market conditions. Leadership is the differentiating factor that determines success or failure. Would LOVE to hear an analyst ask that follow up question in the (non) earnings call and see how dear Ryan responds.
Why waste time changing the process when it is much cheaper and easier to layoff. It is good management practise to go the easiest and cheapest route.....