This is not a fire sale We offer a compelling case for investors We have a world class ELT Accountability We are beating our peer group in the downturn We are fast followers There will be no more layoffs Our CEO is worth $21 million ...feel free to... — read more
So when did ConocoPhillips turn into Chesapeake
Mountains of debt, selling all their assets to cover their butts. The sad thing is the COP assets to be sold aren't worth $5-8 billion while Chesapeake had some decent acreage to offer. When the 'this isn't a fire sale' fire sale ends and we dont... — read more
Pension freezes
Heard pension freezes are coming next
Logos
I am just going to leave this right here...
Alberta Layoffs Slow DOwn
Things are improving: https://gallery.mailchimp.com/e425b7083c1526d250de3c060/images/6bd8669f-11f0-4bf6-a27c-2205d676323c.png
Canada
What's happening in Canada? Is everything being sold?
Torture
Lets just wrap this sale up it is getting disgusting
Not walking the talk
So, some new VP's in Calgary decided their offices were not good enough and demanded new ones be built. Not all, but some. Way to keep things in perspective. These folks better not be complaining about Liberal MP's and their office renos.
Close Bartlesville and transfers those that are performing!
Closing Bartlesville is necessary to end the death grip that a few have on the rest of us. A relatively small group of managers and their flunkies make the culture and life miserable to work and live in Bartlesville. Even off work if we do not... — read more
San Juan
Well, those propane trucks were a great idea! Nothing like giving employees vehicles to drive that catch on fire!
Apparently Surmont Blows
Keep cutting costs fellas and don't grease or service valves or anything. Valve maintenance costs money you know. Your operating costs are King. Cut back and keep cutting back. Lay off all the operational folks that know where true value lies. Keep... — read more
Year-end Severance Accounting
Was not asked for this, but was surprised at this: In terms of headcount, 2% of the employees that left the company in 2016 were leadership forum members (SGL 21 and above). What is not reported is that every one of these received a severance... — read more
Sad that COP is keeping the entire San Juan County in limbo while they hide who the buyer is
No company here can make a move and with each passing day another small company has to shut their doors because you are playing games about having a dataroom and a timeline. Lets be real you know who you are selling to and you know when do the world... — read more
Everyone ready for the next round of layoffs!!!
Don't forget your boxes, clean up your email, get anything personal that you want. Oh yeah, it is a constant drill, so most of you already have this done from the last time. Good luck by the way, at least things are picking up.....everywhere else.
San Juan Asset Sale
Are we sold yet? This type of anxiety is no different than the layoffs. Can we please just put an end to all this I am almost certain we have already sold just going through the motions now. Please cut us some slack there is no work being done and DM... — read more
OK, we are into new year! When do we get to transfer to Houston and when is this awful place (Bartlesville) going to shut down?
We hate the suspense of waiting! All my co-workers are ready to go too! We all know if we don't get to transfer we will be stuck with a house we can't sell and no prospects for work! Management is using this leverage on us knowing we dare not... — read more
GOM
Would anyone even buy magnolia its production numbers are a joke?
Any guesses on Q4 earnings?
Did we break even or lose our shirt again? I am thinking bad but not as bad as the past year
Here's to 2017!
As i pour another bourbon, Can't wait to get back to work next year! Cheers!
Merry Christmas LNG Group
LNG Specialist Supervisor IC may you and your mistress have a Merry Christmas. RP Otis the town drunk may you get several boxes of depends so your can get drunk everyday and stay dry. CW may you get a new knife so you can continue stabbing people in... — read more
Duhh
It really boils down to economic competence, perhaps Conoco should hire on merit/education..you know the old qualifications test vs high school dropouts...they typically follow orders better
Be Careful
Be very careful with the geologists in the EF. There is one in particular who will steal your ideas, whisper behind your back to management and will throw you under the bus to save their own skin. To your face, they smile and pretend to be your... — read more
The Matrix ConocoPhillips Style
Here is what happened. A meeting showed up on her calendar scheduled in 15 minutes. Two ELT members and the GM HR were there. Her first thought was transition plannng to become the company's CFO. Instead she was told that she was being held... — read more
Is selling assets and pay down loan/dividend good Strategy ..when Oil prices have started going up? What is left after selling assets ?
What is the strategy of selling assets in depressed market ? Is there long term plan? I am not an oil expert but what will you do when you sell the assets ? May be grazing cows in the vast lands in new mexico ?
All corporate headquarters, support, and Houston based engineering support are going to EC3 and EC4 in 2018. This opens up some questions
Will we have central fitness center, cafeteria, and parking for all? Will majority of us be in office with a few in cubes or other way around? Will we be ranked again for office selection? How many are coming from up north and will they be blended in... — read more
yep...brace yourselves
well, nothing new from today's L48 town hall..."some folks are gonna get laid off". well, that's unavoidable, uncle ryan. we've got to strive for 20 BILLION $ of debt (which is kinda WTF, as you'd think the goal would be $0 debt). WTF-ever...we'll... — read more
Townhall Recap - They're gonna hang another one off in us
"I don't care what OPEC does. We're gonna take the bull by the horns ourselves." - This is why we laid all ya'll off, and haven't given a cost of living raise in 2 years.
HR and REFS Townhall today we learned:
He still likes to strategically place prerehearsed questions in audience.....
OSBU For Sale
Why don't they sell this. OSBU is a sinking ship
December 14th Town Hall
What's on the agenda? Make a guess here.
Why do posts disappear?
Why do posts disappear? Quite a few posts disappear for no obvious reason. Not the end of the world but I am curious.