What has happened to expats in the previous layoffs? We have a lot of them here in MBU, and most are here just long enough to check a box. I wonder if CEP means preference for a lower cost local over the expensive expat?

We had a great discussion about his vision for the company and what’s the end goal of the CEP program is. Long story short, we are going whole hog back into exploration. Getting back to our roots at best in class at find hydrocarbons. So if you are... — read more 

Every single day here drains me a little more. It's all about too much work, not enough pay, toxic environment, and constant layoffs. Been quietly applying elsewhere for months and finally got a couple interviews lined up. Fingers crossed I can... — read more 

Layoff happening earlier now…. Get packed and ready

Today, HR asked managers to remind employees to update/create a talent card.

ConocoPhillips recently announced executive changes with the retirement of long-serving CFO Bill Bullock and his succession by Andy O’Brien, coinciding with notable Q1 earnings growth and a dividend declaration... — read more 

I’m glad AOB will be the new CFO. He is one of the few members of the ELT who will steer this company in the right direction. He is the most experienced, knowledgeable, and deserving candidate for the role. Everyone who says otherwise are haters. — read more 

For those who haven’t been through a layoff before, get ready. People you think are your friends or who you think have your back will be aiming for it. Bad behaviors will amplify. You will be talked about in a negative way even by your closest... — read more 

Here is the script that BCG is using to help make us better. https://www.bcg.com/publications/2024/can-upstream-energy-companies-maintain-reduced-costs With the new model, the company was able to achieve close to a 40% reduction in onsite staff and... — read more 

Calling it now to prove how broke the system is and that group is just a bunch of buds. Make sure to come back to this if it comes to fruition. Just Saying Just Watch iykyk

https://www.barrons.com/articles/occidental-ceo-berkshire-buyout-f96a4701

How deep? How will land be effected?

I've been keeping my eyes and ears open out there since the Marathon merger and have a couple of things lined up. My big question now is whether to take off asap or wait until a possible eoi is offered. Anybody else in this situation? What are your... — read more 

I'm worried it could be really bad.

ConocoPhillips plans layoffs as part of broad restructuring

That's it, that's the question

Looks like it’ll get a lot worse before it gets better. Is there a worst case scenario that got modeled to plan for maximum RIF? Does this accelerate the timeline?

First time to go through a down cycle? It isn't fun, and usually happens at least once each decade. Some people posting on this message board seem to have never been through this before and probably are new employees. Everyone saw this one coming. ... — read more 

Amen!... praise be! Lower oil prices will be an economic stimulus. Say $30-50/bbl - cheap energy. Better then Fed cutting interest rates.

Rumor I'm hearing is that COP is in the market to buy back some assets in the previously sold SJBU. Anyone else hearing this?

Thanks to the stable genius, we're looking at a long, dark road ahead. This should make RL and the gang eager to speed up the "right sizing". Brace yourselves for impact in 5, 4, 3...

Why would RL announce layoffs in February and again in March but keep saying we don’t know when or how? Why tell us at all? I guess he likes low morale? Maybe have a plan before you announce. Seems like a sh*t show to me.

Rumors on shared services? I’ve heard talk that Finance, IT, and HR are going to be absorbed into the respective BUs they do the work for and will be required to relocate to those home offices like Alaska Midland etc. anyone else here this?

Rumors say 25% layoff this year. It’s time to push back, we need to unionize and protect our jobs. We need to make sure management feels the sting of the bad decisions they make over and over again. A union doesn’t have to be political. We... — read more 

Any word on whether Bartlesville will get shut down? What’s the word on the street?

Welp that’s it’s everyone. COP has contracted and hired McKinsey Consultants. Let the layoffs begin.

IT outsourcing is happening in several groups over the next few months. Many jobs are going offshore. Service Desk and other functions in Bartlesville are out the door. Good luck!

Can anyone give an idea of what a layoff package looks like? I heard that Concho got such a bad severance that a lot of them just left but that sounds like bad negotiating on their part. What does a COP layoff severance look like when the layoff is... — read more 

Who supports it? Realistically, some Corporate is needed

What are the chances of EOIs for competitive edge? Has anyone heard of any rumblings? If there are EOIs it would assume more of a mass layoff than a targeted one. Also chances that people would jump ship after taking away hybrid wfh?

Preliminary thoughts on the mro acquisition? Think we will get the synergies or did we buy a lemon? Realize it's still too early but curious about any early feedback.

The best thing that could happen for the company is to get rid of the dinosaurs in management who are out of touch with how the industry works now.

GoA assets being sold to Shell. Here comes the axe

Is it just me, or (1) does the linking of “here’s your annual bonus for the year, thanks for your work and dedication” with announcing layoffs callous and tone deaf? (2) the SVP OF Strategy, Commercial, Sustainability & Technology is the most... — read more