Just wondering if the ELT believe that SPIRIT Values really exist or even relevant now. I do not. I'm not sure they ever believed them and they used them to bamboozle the employees.
Cenovus ceo
Forced to retire or legit.legit .. after buying all the bs conoco assets at such an inflated price. Looks like conoco finally did something right
Center redundant positions
I was extremely happy to finally see comparison of cash flow between the two BUs. Low oil price is finally bringing some transparency ! So the new layoff event is a joint exercise between L48 and center, why not all BUs? If a position is redundant... — read more
What's the update
So what is the update on the Calgary employees going over to Cenovus. Have you moved over to the Bow yet? Are you all excited?
Well if there was actually work to do
It would make sitting around unhappy people a little easier
Surmont
This place is just terrible. It is bleeding the company dry
Very optimistic
My heart goes out to all of those that wanted to make it into Hilcorp or one of the other options tbey offered but were not chosen. However it is not theur fault we are in this cluster it is c.o.p they messed us all over. I do think though even with... — read more
What happened to the I hate Bartlesville crowd?
I miss your post, here let me help. Bartlesville s---s, people in Bartlesville s--- and people that like Bartlesville s---. There, go back to the BLAH BLAH BLAH stuff and don't waste space with real issues or questions. Did I mention how bad... — read more
Wall Street Journal- Big Oil Explores a New Frontier in Shale: PROFITS
It was reported today..."....since 2011, the 30 largest independent shale producers have spent $1.33 for every $1.00 of revenue.....In the last 2 years, those 30 independent shale producers have lost $130 Billion...more than 120 companies went... — read more
Good job everyone. Keep up the good work.
Layoff round 4 (5?) is around the corner but we need to stay focused on delivering our goals and on SPIRIT values. Don't let the background noise distract you. -ELT
Offers have brought out the worst in people
Thanks cop ...if Hilcorp had there own page I can imagine it would be blowing up with comments!
Was hopeful
That they would let those not chosen in SJ divestiture out early. It has to be torture just sitting with no work in that kind of environment for over a month. Morale is lower than layoff times. Conoco leadership should have to come endure the pain... — read more
Strategic moves.
Seeing lot of recent reorgs changes everyday. If someone can read the plan. Key folks who lick nice, are moved strategically at the right location in the right group before the layoffs in July. Feels like game of chess where the pawns will never get... — read more
10 Questions for the ELT
In case you are wondering what we talk about, here's our questions. 1 If you had an employee in your organization where 2 out of 3 of his supervisors said he was overpaid and not performing well, what action would you take? Do you see the connection... — read more
Boomers and GenX raised Millenials yet complain about our entitlement...
Participation trophies and 8th place ribbons weren't my idea...
Electric/Hybrid Vehicles
New study shows that more than 50% of the world is interested in hybrid/electric vehicles. Looks like oil and gas interest will continue to decline in the future.
Everything else sold or shutting down
Brand new field office in Andrews, Texas opens....employing 200
Hilcorp/Harvest/Elite
It's a trap, everyone in SanJuan needs to EOI
Final salary pension
It’s time to get rid of the expensive final salary pension - the folks that still have one cost disproportionately more than everyone else and offer poor value.
Does COP Need To Follow GE and Dismiss CEO?
With the assistance and encouragement of an activist shareholder, GE has removed CEO. GE stock has suffered under the dismissed CEO.
Private Eye
Private investigators. Recording office phones. Electronically eavesdropping on your company provided cellular. Monitoring your movements and location via your company provided cellular phone. Monitoring who you associate with. Monitoring your... — read more
Bring Back Mulva
Greatest destruction of shareholder value under any CEO and ELT in the history of ConocoPhillips ?? Thanks Ryan and your second tier ELT. You were alway out of your depth. The ConocoPhillips board needs to wake up and swing the axe to this listless... — read more
Start mixing your KoolAide.
Alright. Tomorrow is another glorious Monday. Can't wait. Are you getting your KoolAide mixed up for a new week?
Conoco needs to downsize it's workforce and restructure immediately!
Oil prices in the $40 are here to stay unless Iran attacks Saudi Arabia. If Conoco wants to stop losses and start showing profits per outstanding share more reductions in overhead are required. Closing Bartlesville campus and shifting those tasks to... — read more
Would have been easier to spinoff a company that only had non- conventional assets and let the ELT go with it
I realize hindsight is 20/20 but wouldn't it have been far easier to spinoff a company with only non-conventional assets; let the ELT members choose which companies to go with and not destroy ConocoPhillips in the process. Would have saved hundreds... — read more
For The Good of the Company, Incentivize the ELT to Leave
A lot of value destruction to shareholders. A lot of workforce reduction. A lot of debt incurred. A lot of asset sales. A lot of poor decisions in unconventional shale. May want to use some of the asset sale proceeds to buy off the ELT. May be a good... — read more
Surmont Leadership Team
Remember when we had the big presentation on coffee cups. That team adds so much value
PAB, you are next!
OK, PAB you are up next. Then GCBU. Then MCBU. New Lwr 48 BU will be Eagle Ford, Bakken and Permian-Delaware; all unconventional & all non-commercial to date with oil prices declining and service costs increasing. So sad. So very sad. Many good... — read more
Eagle Ford and ugly step sisters Bakken, Delaware and Niobrara have been a cash flow loss with no chance of reaching break even in a $40-$60 oil
COP has hidden this fact from the analysts (hey analysts, how about asking questions. Come on Merrill, JP Morgan, Goldman, Deutshebank. Start doing your job. Get COP on public record regarding shale performance to date). Internally, the employees... — read more
Stock manipulator or angry ex-employee
A vast majority of posters are on of the above. Just say'n
SJBU
One more week and we will be Hilcorp/Harvest/Elite no matter how you look at it we are no longer Conoco! It is like Christmas
Will Bartlesville begin layoffs in October?
What is this about Bartlesville having layoffs starting in October? Will the rest of the company start restructuring in October? If so when will this all be completed?
San Juan asset accounting will be finished in September Layoofs will start in October in Bartlesville.
Layoffs will start in Bartlesville in October as soon as San Juan asset sale accounting is finished. A large layoff will begin eventually tapering off but never ending until closure next year. Have we thought this through how those tasks will be... — read more
They're Just Not That Into You
I'm a long term survivor and I know the ELT. I check back here to view rumors and morale vs what's going on. The postings on the ELT here are mixed. In reality the ELT are confident, successful managers who were 100% sure they would do massively... — read more
The Eaglefart Way
Eaglefart is at it again by framing a completion change as a cost saving measure even though the savings realized on the completion cost will be wiped out by facility costs that are MORE than what would be saved by the change.
Field staff are dispensable!
As viewed from Houston , it is the field staff that is responsible for the cost overruns whether new drills , recompletions, work overs, facilities, etc, etc, etc. Not worth the expense of relocating field staff to Houston during the upcoming... — read more