Anyone else think the town hall the other day was peculiar? First, the guest of honor, Mr. L48, was a no show. Then it turned into an advertisement for the global wells/projects/supply chain group. (good thing no one is looking at overlaps in the... — read more
Thank god for Trump!
THank goodness for our faithful leader mr Pres Trump as his decision today to remove the great US of A from this horrible Paris French deal, will help us all working class folks make more money and have lots of clean water and air for the future!!!... — read more
Here are some the next steps for employees
What needs to be done? Each employee should do the best job they can and what they are paid to do. Dust off and fine turn their CV/Resume on their free time. Make sure they have personal contacts saved outside the cop systems- names, personal phone... — read more
Now we need to continue to stay focused
I know you all have it all figured out but last quarter we improved to a two cents per share loss and that was not counting asset sales. This means that as all the costs to get out of the long term high capital projects is winding down, capital... — read more
Nobody keeps a secret long in the oil patch
We may be the world largest independent but we need to do what all the other independents do and that is gather information and copy. Copy our best in class peers, have information sources always alert and always looking so we can by acreage early... — read more
4th Quarter Quell Hunger Games Begins
So you have hard the 4th quarter quell is upon us. Do we have tributes from your BU/departments? In the movies the tributes were killed to win, here it's not bad since you get the EOI package. So dress up in your best attire aka IDP and let the... — read more
How'd you like your vacation pay?
I heard CPC paid it $.60 on the dollar.
Unconventional Economics
Looking for serious discussion on economics of our unconventional assets. I keep hearing that they have not generated sufficient cash flow to date but I also hear that the new wells far exceed our hurdle rate. Which is true; are they economical or... — read more
What Needs To Be Done
Need to stop talking about redundancy reviews and start talking about necessary & significant restructuring: Conventional Lwr 48 operated assets: Sell in entirety. San Juan is already sold, PAB will be next, afterwards marginal oil & gas interests in... — read more
68% of Shareholders
.... say the ELT is not doing their job or are overpaid for the quality of work they are doing. At this point in their careers that's a "5". This vote also says the BoD is not doing their job either. Not a surprise with the head of the ELT the... — read more
No new complaints?
Guess everything is going well with those who are still standing after round 3?
I heard that Surmont is being sold but when?
I've heard that COP is selling the rest of their Canada assets to CNRL and heard that it will be announced very soon but when? Anyone have any details?
Oil will be deadtesla just made a battery
tesla just made a battery that lasts longer and works better in the cold....just a matter of time before it becomes cheap and gasoline will be obsolete....
Conoco is not so bad off when you compare it to its peers.
Look at Anadarko for instance, it is down more than 1/3 of its value and has lost $7 billion in the past month or so. Everyone talks about Exxon and it is down $70 billion and trying to find a way to make an upstream profit. Chevron is down $25... — read more
The strategy is wrong, the assets are obsolete
The culture is wrong, the strategy is wrong and the assets are obsolete - BIG trouble at ConocoPhillips. The best strategy right now is to remove the corporate level and let each BU sink or swim on its own. Let smaller BU's club together along a... — read more
What Can We Do To Save This Company?
I for one am going to work this 3-day week-end to write a report for my supervisor and his manager to present to the ELT. Someone has to do something to save this company. I may be that someone. You may be that someone.
For Sale
Why is everything for sale? If prices come back up what will be left? an undiversified portfolio in one play?
Conoco Tesoro Rumor
I heard a rumor that Conoco and Tesoro are looking at a merger. Conoco wants to save it self, Tesoro wants to grow, and they both want to hedge against the volatility of the market. And of course, Goff is the common thread. Hahahaha! Not likely. But... — read more
OilSands Fat
Can anyone explain how there are 3 OilSands Finance Supervisors with a total of 5 direct reports under them? I've got a COST Saving idea...
Stock price
Stock price is falling faster than the employee headcount! Yikes!
"Optimization for Sustainable Transformation".
"Optimization for Sustainable Transformation". What a sad pathetic joke. So they study for 12 months, then they cut, then cut 12 months later in 2016, and now they're cutting again this year. Does this seem like a "sustainable transformation" to... — read more
Sticky wages
Anyone hear of this concept? You could prob rehire all of surmont for much cheaper wages. The skillset can be replaced by a much superior one right now that will work for less $$ make surmont great again! not saying it ever was
Rockin' the Bakken
Bakken and RBU in general is hemorrhaging people. Good people are quitting left and right. At what point does the company start looking at the people who are managing these assets, as the problem and hold them accountable? However, the reality is... — read more
COST Project?
COST is an abbreviation for? Curious minds want to know...
What's Next?
So far we have tossed Indonesia Offshore, Canada WCBU+FCCL, San Juan, PAB, Alaska's Cook Inlet. Any others already sold or on the market? What will be the next one announced?
100 million saving
600 employees in Canada are no longer on the payroll. Time for a celebration. Where is the next major layoff and prize for shareholders?
How many Lower 48 employees?
Anyone know the employee headcount for Lower 48? Separated out by asset?
GET BACK TO WORK. NEED TO STEP UP ASSET SALES & UNLOAD MORE EMPLOYEES.
We are repositioning the company as a new streamlined ConocoPhillips focused on a reduced but high quality asset base managed and operated by a reduced but high quality workforce of 8,000-9,000. There will be more details conveyed in the future... — read more
Any reports from Alaska
you all seem kinda quiet
20% pay cut for y'all
The issue is not with ELT. It has to do with profitability. ELT is highly qualified and needed. Middle management is the issue. Everybody takes a 15 to 20% pay cut and money saved is for higher dividend. Most, are overpaid for what they do, give the... — read more
A Note to the ELT
Well, it's the end of another discouraging week. But this week your stakeholders have clearly spoken: you are not respected... y'all are overpaid and not doing your jobs. At least that's what 68% of the shareholders voted. I can tell you almost all... — read more
Bartlesville layoffs?
ConocoPhillips corporate announced that we are going to have layoffs and lots of them. When is this going to happen? Someone said the read on here that the first layoffs will be in October. This is aweful to tell us five or six months in advance and... — read more
When is ConocoPhillips going to withdraw from Bartlesville?
We keep hearing ConocoPhillips is going to shut down Bartlesville operations and withdraw from Bartlesville next year? We keep reading and hearing it's in the plans for work currently being done in Bartlesville to be moved to Houston and reside in... — read more
COP Stock
When is the stock going to finally climb out of the 40's? I thought the were dumping assets to inflate the market price of shares. Epic fail!