2020 bonus are under consideration to be eliminated.

They're cutting salaries - no negotiation, no offers - they're just going to cut salaries to 2019 levels, 2020 raises, which have been in paychecks for 6 weeks now, being rolled back.

Why continue to carry a second campus that is not needed?

ow probable is it for COP to shut down all operations for a certain amount of time. We have witnessed shutdowns and fleet demobilizations at certain locations due to the Covid-19 threat. Let’s face it, if the virus continues to spread at this pace... — read more 

Oilsands Permian here we go

This is coming soon....in this order.....get the popcorn ready!

With Whiting filing for bankruptcy today, we are hoping to be able to scoop up some prime Bakken assets. We were already considering acquiring them, and now they have an even bigger target on their back. Fingers crossed!

Is it just me or has everyone’s work suddenly disappeared? I’m supposed to be “working at home.” I know my boss is monitoring me and asking me questions and sending me emails, and I’m pretending to be busy, but honestly I’m doing zip.

Kinda quiet here. What’s up on the commercial front and contracts? How bad is it?

only 10% of the contractors around you at EC3 will be there in 6 months. If you think your part of that 10% no need to prepare.

This is a real question. Besides the ELT and the Leadership Forum, do any employees have real confidence in our leadership? If so, why? Are we going to be around for a while, and deliver the results we promise annually?

Run for your lives. David Seaton is now on the board. He ruined Fluor and got the boot.

Shell has closed their Houston offices - not COP. We’re told it’s “optional” to stay home during this health crisis because they don’t see the infection numbers being that high in Houston. If we had testing, we would have a better picture. So... — read more 

Here’s what will happen: (1) The Junior ELT will get rolled into the ELT. Positions will be eliminated so that special 3-year executive severance packages (about $75 million each) will be activated. (2) Consultants hired, much analysis and... — read more 

I have a feeling this could be the start of one of the biggest crisis yet, which means that layoffs will most likely be brutal. I don't want to sound like an alarmist, but if you don't have a backup plan ready, you should be working on one right... — read more 

I like ChevExxCop (CEC). Market Cap $400-$500 million (a midsize company). With 1 shared ETC and 1 Shared PRC org. with 1 Sr Exec Org based in Houston. Strengthened Permian position, 1 consolidated North America and Deepwater org., 1 consolidated... — read more 

I’m guessing no one was preparing for $20 oil. Now what will happen? Good luck!

Where is all of this taking our communities and our company?

https://seekingalpha.com/article/4326188-conocophillips-hits-liquidation-accelerator I honestly hope they do it as fast as possible.

Another week gone. Is it just me or has this entire company gone toxic? I could list inconsistencies here but I’d run out of room. Is anyone thinking about value anymore?

The company has been stagnant since the split, it is difficult to get excited about anything at COP. I do believe we are in for a long steady decline and very little opportunity for growth for the mid level employees. The Middle class (mid management... — read more 

Not surprisingly, the subject goes to ethics, and the thread is removed. It’s what we do.

Any thoughts how we will go

CoP is paying useless IT contractors $160/hr+. Do the math. Most contract companies take a third so that is a salary of about 200K for people that can barely speak English doing work that they are not qualified to do and doing it poorly. But who am I... — read more 

I don’t understand why there is new declaration of dispositions. What assets are left to be sold ? I thought all marginal assets are already gone. What’s the use of selling assets and buying back stocks? Is there ever thoughts about production growth... — read more 

Post any information you have about the total headcount (I know it changes all the time). How about the main office at Houston?

In your opinion based on your position / experience?

More importantly, Permian.

Incompetent managers, supervisors, and employees. No wonder Armstrong Oil had to find the new fields within and outside COP's long held Alaskan acreage for them. Such an embarrassment. A 5 person company continually whipping the a– of an... — read more 

At Burlington Resources we had something (crudely) like this before we were acquired (and it was dropped by ConocoPhillips). Can you imagine how transformational this might have been for us if pursued? Maybe we would not have wasted $10B in... — read more 

What a sham this company of ours is! Every data point is altered to present the best picture possible. Investor presentations, for instance, are totally unreliable but reinforce that everything we are doing is right. We are a self-licking ice cream... — read more 

Get ready.... Poor rate of return wells.

That's bad

ConocoPhillips have done the following amount in asset sales since 2016: 2016 Sold $1.3 Billion of Assets 2017 Sold $13.9 Billion of Assets 2018 Sold $1 Billion of Assets 2019 YTD Sold $2.9 Billon of Assets (not including Australia... — read more 

Layoffs coming soon!

https://iran-conoco-affair.us

Share any updates you may have about ConocoPhillips Layoffs 2020? Any news or rumors?