Worked with the Development employees, fill their heads with a lot and they think they can run a company without no lifetime experience. They have no respect for experienced employees, just how fast can they get to the top. How much experience can... — read more
COP is circling the drain, a company that wants to compete with smaller independents but conducts it business as a major.
Problem here is, what does COP want to be when they grow up? They don't know, we are so engrained with our over the top safety crap and our long ass boring meetings that nothing gets done. What a frickin disaster. I am convinced that there is no... — read more
Champagne taste with a beer budget.... COP will cut the dividend!!!
Much of the company's cost-cutting efforts next year will be focused on downsizing its scale by selling non-core assets, reducing the workforce, and other efficiencies. This is somewhat different from 2015 cost cuts, which focused more on reducing... — read more
I'm worn out
Ok, its been 2 months since we laid off the last huge group of employees. In April I watched some dead wood go, but in October I watched some pretty strong folks move on. Since then, I've waited to hear what we'll be doing differently, or how we'll... — read more
ConocoPhillips and Anadarko Petroleum Corp.
ConocoPhillips and Anadarko Petroleum Corp. are among 29 U.S. oil and gas exploration and production companies whose ratings Moody’s Investors Service is reviewing for possible downgrades, spelling new trouble. ConocoPhillips is rated A2 by Moody’s... — read more
EXPORT BAN EXCUSE IS NOW GONE, RYAN
So what external factor are you going to blame the company's poor performance on next? Don't say the whims of OPEC because that's a normal part of the Upstream business that we all saw in the 80s. Real leaders are shown in downturns and you and your... — read more
Exxon
ConocoPhillips and Exxon are in advanced talks to merge.
SPIRIT Values! Hah!
So, those of you who are familiar with the SPIRIT values this company touts like some mantra for the masses. I can tell you from personal experience from being under three different supervisors 2 male and 1 female - that integrity is not among... — read more
ConocoPhillips Bankruptcy Rumors
At the current price of oil asset sales and tapping into the credit facilities are the only options other than M/A (or bankruptcy).
Shell Cutting 2800 Jobs
There you go: @EWQJXkm
http://www.krmg.com/news/news/local/report-oklahoma-economy-worst-nation/npgjq/
A few notes for those involved with the layoffs in Oklahoma (and elsewhere). The economy as a whole in Oklahoma depends on oil and gas revenues. As the oil and gas industry goes, so goes the State of Oklahoma. A number of the largest employers in the... — read more
Paying the Dividend !!!!
The company is so adamant about paying a dividend that decisions are solely based on covering those payouts first and foremost.
Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke (Bloomberg)
Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke http://www.bloomberg.com/news/articles/2015-12-10/billions-of-barrels-of-oil-vanish-in-a-puff-of-accounting-smoke In an instant, Chesapeake Energy Corp. will erase the equivalent of 1.1... — read more
Phillips 66 Layoffs
Do you know if they have layoffs too?
Midland area
Big layoffs coming to everyone in office except the 2 originals that have been there for years. Get ready.
Laying off Juniors?
Anyone heard if the junior guys are safe for 2016?
More layoffs Q1
HR is putting the 2016 list together. More grey hair to be removed.
Problems may be gone faster than you think
Nick Exarhos indicates that the decline in U.S. oil production hasn't come about with the speed or magnitude most experts were expecting... But in the details of production data, he finds a dynamic that could support higher crude prices next year... — read more
WTI @ 52 week low -- $38.50
WTI @ 52 week low -- $38.50 -- Happy New Year, for bankruptcy courts. RIP COP.
Some advice
Find ways to make money yourself and don't be dependent on a machine - http://fms.nu/pip77
An Outsider's Perspective
I work for a vendor that works for ConocoPhillips. I find a lot of the comments here to be bitter and insulting, but given the circumstances, I suppose that is to be expected. I thought I'd give a different point of view to the dilemma that has... — read more
Go Clinton!
She's gonna make oil prices go up. Go Clinton!
USA employees (former employees) - COBRA vs Healthcare Marketplace (enrollment end December 15)
Enrollment ends December 15. And so you must decide by December 15 to continue with COBRA or continue with Healthcare Marketplace. Estimate income @ $20,000. In the end the tax credit is based on annual income. The process addresses the issues... — read more
WTI under $40. COP is burning bad.
Best of luck on solvency. Oil is officially bust. I doubt COP will be in business in 6-12 months.
I am hearing that severance package will be a lot less for the ones let go in the next round. Is anyone hearing the same thing?
... Next round of layoffs will include a Christmas bonus ....that is for Porky Pig only...
COPC is a good company.
COPC is a good company with great benefits when times are good and bad. I got severed and my pay is not nearly as good sit was when I was working for COPC. I have trimmed my buying and lifestyle, exactly what COPC is having to do. Come on folks don't... — read more
DUC's
US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators.
What happened to 10%.
Current company profile shows 17,800 employees still have a job but before these lay offs COP had 18,100 employees. Does this make any sense?
Are our pensions safe legally ? Can mgt raid into pension plan as it goes deep into debt ?
are these pensions insured ? Legally, can the management raid the Pension fund and use it when debt rises every quarter ?