First Chevron and now Oxy... Do I hear 40 billion? Going... Going...
Burlington Rescources in Wyoming
I seen a BR truck in Lysite today. Any rumors on the Moneta Divide project???
Energy industry
If you had a son or daughter about to go to college, would you encourage, or discourage them in planning for a career in the oil industry? I may not recommend against engineering or geoscience, but think I’d push them away from focusing in petro... — read more
Hidden costs of layoffs.
How much “value” or savings have our repeated RIFs generated? What are the hidden costs? In our case with multiple rounds the hidden costs are even larger IMHO. https://www.cbsnews.com/news/the-hidden-costs-of-layoffs/
Our COP world just keeps shrinking
Just announced sale of U.K. North Sea interests following this weeks announcement of sale of Timor Sea Greater Sunrise interests. Great exit opportunities or do we need the money or both? Our COP world just keeps shrinking. Bumped from @YAYlYwu-3kpa... — read more
COP traded as a stand-alone E&P company as of May 1, 2012 (7 years). During that period:
Share Price (closing price): May 1, 2012: $56.51 per share (market closing price) April 15, 2018: $66.34 per share (2.3 percent calculated average annualized growth rate) Production (MBOEPD): 2012 Average: 1527 MBOEPD 1st-Half 2018 Average: 1,216... — read more
Acquisitions in O&G
So market rumor was OXY (a smaller company than COP) was able to offer a deal to buy $33 billion company. It took me 3 days to digest this information. How is that COP a bigger company selling assets and a smaller company able to offer to buy an... — read more
Nothing to see here
Don't worry about somebody buying COP. Nobody wants us. Don't worry about us buying another company. Quite simply it's not what we do, we sale things. Buying stuff does not let us buy back cop shares. Don't worry about layoffs. Every worker that has... — read more
Who will be COPs white knight?
XOM or Oxy, since Oxy is moving across the street I am giving them the best odds.
Job security highest in 20 years
Meanwhile, in nearly every other industry: https://www.vox.com/2019/4/9/18300355/workers-layoffs-firings-rate
Extremely worried
Lately very few news are getting around regarding the future cuts and such decisions. Constantly being questioned to justify our existence and petty spends on legitimate value adding projects. Keep asking same questions differently and preparing... — read more
Exxon is Coming
Rumor has it that Exxon is eyeing COP up for it's L48 position! Share price is less than when we split in 2013. Plan is to keep the US assets, dump the international stuff and close the HQ.
Any chance voluntary layoffs will be offered any time soon?
I'm ready to leave ConocoPhillips, but I'd prefer to do it with some kind of an additional safety net... Do we have any idea if volunteer layoffs might be offered to older employees who have been here for 15+ years any time soon? Any info on this... — read more
Development Moves About to Happen
Development moves are about to happen. Remember, this is only to appease the cry that the company doesn't care about development, not to actually do something real problem at the scale it needs to actually be done. With these few moves they will be... — read more
Never have I ever
Worked with such a mean, bitter, and disfunctional group of people. Sprinkle in technical incompetence, over-confident, dis-honest, lack of vision, no strategy, dis-loyal, slandering, vindictive, entitled, and much worse.
If people are reduced the salaries should go up
I don’t get it...if people are laid off then less numbers are sharing the dough so each should get more. Whose cutting in my pie?
Severance Accrual
As a result of staff reductions occurring throughout the year, severance accruals of $70 million were recorded in 2018.
Develop and retain a talented work force.
We strive to attract, train, develop and retain individuals with the knowledge and skills to implement our business strategy and who support our values and ethics. To this end, we offer university internships across multiple disciplines to attract... — read more
2019 Layoffs
Just heard layoffs planned again; Houston plus about-to-be sold BU’s. Lower 48 gas natural gas prices too low, plus cash flow. Anyone else?
When a company uses cash to buy back shares, they have less to grow their business
So we shouldn't be excited about what a great year 2018 was? When a company uses cash to buy back shares, they have less to grow their business. Share repurchases have a very limited, one-time effect, on the company. This is why once a company... — read more
Stock Based Compensation
https://talkmarkets.com/content/us-markets/stock-buybacks-arent-bad-just-misused--abused?post=213634
MicroBreaks
It’s actually the opposite with me: I work about an hour, take 7 off, and my boss is clueless. What a great company! http://www.bbc.com/capital/story/20190312-the-tiny-breaks-that-ease-your-body-and-reboot-your-brain
No layoffs still complaining
I don’t understand this crowd. No layoffs in 2019, all the best VCIP, best company to work for and still see the foxes complaining about sour grapes. Can someone explain this behavior.
"I" for Irony
One of those I's in SPIRIT has to be for irony. I mean why else would you spotlight an engineering supervisor for international women's day that intentionally undercut other women in the wells group to get them laid off and get rid of actual... — read more
Stock Price
Wow the stock dropped like a rock today.
The annual post VCIP exodus is upon us!!!
Remember that good employees quit because of: Lack of appreciation and support No opportunities to grow and learn. Lack of integrity by their superiors. Lack of trust and respect. Challenges to the status quo met with negative consequences... — read more
Topic for Discussion?
Since COP traded as pure E Dividend: $2.76/share 03-06-2019 closing share price: $68.29; Dividend: $1.22/share Annualized Share price appreciation has been less than 3 percent Dividends have decreased 55 percent Shareholders have not done well May... — read more
Yearly TMT reception and general waste of time and money
Who is the worst GGRE TMT rep? Who was the biggest narcissist of them all tonight....biggest brown noser employee?
Blind app
Folks Please download and use the Blind app from App store. Tech industry uses that, and it is completely anonymous. People discuss the kind of things we discuss over here. However, you don't have trolls who don't work in the company, just screwing... — read more
US Workplace Harassment Training Includes Harassment for No Reason
One of the test questions contains negative stereotypes of Atheists. For the question "Which of the following behaviors could be considered appropriate conduct?" one of the multiple choice answers is "Todd, an atheist, makes derogatory comments about... — read more
Permian Batterry at 495 mega watt
https://oilprice.com/Alternative-Energy/Renewable-Energy/The-Worlds-Largest-Battery-To-Power-The-Permian.html
VCIP predictions
any vcip % predictions
Monday Town Hall Questions
(1) The company has a long history of exaggeration, going back to gas-to-liquids, carbon fiber, Exploration, Deep Water “discoveries”, etc. Just about every major project has come in needing a supplement, with more costs, delayed later first... — read more
North sea drilling
I have just returned from a conoco Philips contracted rig in the north sea and could not believe why they put so much pressure on the guys as drilling ops was far to fast it's humans out there not robots. These guys deserve better from a massive... — read more
Hiring Communications Analyst
A couple of the requirements that caught my eye from the actual posting: "Experience in change management" "Establish and track metrics that measure communications effectiveness tied employee engagement" But I think the most interesting requirements... — read more
Trust HR?
Can HR be trusted? If I need to talk to a HR rep, should I be on guard? Do they use information against employees? Are they really partners, or enemies?