Topics regarding layoffs at ConocoPhillips

Topics regarding layoffs at ConocoPhillips

Well what will we have when the sale is over?

A large cash horde and what will we do with it? Pay debt, buy stock or build a bigger drilling inventory? No! We are going shopping. Grab your a-- we are going to merge our on to profit.

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| 1194 views | | 3 replies (last April 5, 2017)
Post ID: @OP+MBbaBHH

Cenvous planning divestitures

Target: $3.6B CDN Identified asset targets: Suffield $600MM CDN Pelican Lake $1.2B CDN Still plenty more assets to divest to make the target. They probably don't need as many people to operate the deep basin assets as some people think.

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| 1150 views | | 2 replies (last March 31, 2017)
Post ID: @OP+MzW9e2p

Overpaid

It's good for cop but cenovus paid way too much for this. What were they thinking. I bet RL is popping bottles right now. Found a way to get out of thus mess

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| 1120 views | | 2 replies (last April 1, 2017)
Post ID: @OP+MzTua6A

Salaries?

What is going to happen with our salaries ones we move to Cenovus, what about our benefits and position?

Surmont

What will surmont do now...uselss managers cant leverage cenovus to do things right.

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| 1470 views | | 6 replies (last March 31, 2017)
Post ID: @OP+My4Y9SB

Cenovus Acquisition

Cenovus needs the Deep Basin and WCBU staff to works the assets they just purchased as they didn't have positions in ANY of these non Oilsands assets prior to the purchase. Unless they are grossly overstaffed in their existing Oilsands assets, I... — read more 

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| 1040 views | | no replies yet
Post ID: @OP+MyLqggD

Town hall tomorrow in Calgary

Let's see how they spin this. I'm sure they will be serving koolade. They will make it sound so Rosie and positive. I'm sure all the managers will be running around getting their orders first thing in the morning so that they know what to tell the... — read more 

Caution

The Bloods wear red and sport guns and tear drop tattoos. The Crips wear blue and sport bandanas and shot guns. Our scariest gang are The Plastics they wear Hustle Kindness gear while sporting highlights and Durango Joes cups...they may not look as... — read more 

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| 1400 views | | 3 replies (last March 31, 2017)
Post ID: @OP+MykUJ87

You heard it here.

Cenovus Energy (NYSE:CVE) agrees to acquire ConocoPhillips' (NYSE:COP) 50% interest in the Foster Creek Christina Lake partnership, the companies' jointly owned oil sands venture operated by CVE, and the majority of COP's Deep Basin conventional... — read more 

10% cuts coming this summer

Just got a heads up from am reputable source that following the divestitures there will be a support area right sizing to the tune of about 10%. I am personally being impacted. Good luck everyone.

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| 2890 views | | 8 replies (last April 3, 2017)
Post ID: @OP+MxVxyhx

RBU organization

I guess the theme of layers of management is taken from 9 layer French cake. It's so much fluff on top to manage 2-6 MSOs doing work. In COP any supervisor role with less than 15 reports should be eliminated. Anyway all they do is ask their staff for... — read more 

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| 2200 views | | 5 replies (last March 29, 2017)
Post ID: @OP+MwtJeH6

Sjbu

Its done. Heard Production Sup, Surface Sup , Stateholders, Records, Land , are all going to TX ! That means the end is near.

COP Union

I know unions seem old fashioned and are nearly dead in America, but they were born from employee frustration and distrust of their employer. We have had rounds of layoffs, low and unhelpful communication, and a continuous downward trend in all... — read more 

Anyone have comments on.....

I am wondering if perhaps COP is struggling more than other oil companies (seems like it at least) because this is the first real down turn they are going through as an upstream vs an integrated oil company. Could it be that in downturns past the... — read more 

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| 2000 views | | 6 replies (last March 20, 2017)
Post ID: @OP+Mo0iFpf

As soon as SJBU sells Bartlesville is next!

As we begin to get rid of our non-core less profitable assets going forward such as SJBU, etc., closing down Bartlesville will come into play. We will centralize all corporate services including engineering in Houston. Everyone will fit fine in to... — read more 

Be realistic!

I have heard several people say they are not worried because the new company will "need" this or the new company will "need" that. Hilarious I tell you your right a company that has an extra 3 billion laying around to buy a company that isn't even... — read more 

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| 2380 views | | 5 replies (last March 23, 2017)
Post ID: @OP+MnfnA73

Weird

They stated 300 employees are scheduled to be retained by the buying company. We have less than 550 employees in San Juan so 53% of employees are kept and 47% get the boot huh...wow what happen to our main cheerleaders predictions of 85% if big... — read more 

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| 1511 views | | 2 replies (last March 19, 2017)
Post ID: @OP+MnkY9ip

We have less than 550 empl San Juan 55% of employees are kept and 45 get the boot huh...wow what happen to our main cheerleaders predictions of

They stated 300 employees are scheduled to be retained by the buying company. We have less than 550 employees in San Juan so 53% of employees are kept and 47% get the boot huh...wow what happen to our main cheerleaders predictions of 85% if big... — read more 

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| 842 views | | no replies yet
Post ID: @OP+MnsjsEN

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