went over like a fart in church to the wall street analysts. Likely because it's not strategic and everything he does is reactive and a couple years too late. The COP Board isn't very talented, but even they're figuring it out the Company is falling... — read more
Disclaimer on writing in caps
Writing in caps doesn't help get your point across or emphasize anything. It just makes you look like a retard.
San Juan Asset becomes field production operation, top tiers of management eliminated.
They said San Juan is a mature asset and better suited to to maximize value from it as a field production operation. One manager with foremen/department heads reporting directly. All other management positions eliminated. Some will be offered... — read more
Organizations rise and fall on leadership
So I see all these post about who should go, who should stay, technical expertise, support functions - what COP lacks is LEADERSHIP at every level in the organization. Just because you have supervisor, manager, etc. in your title does not mean you... — read more
Independent???????
Didn't management want the company to become like a true independent? Did it happen? Sure doesn't sound like it. Somebody failed? That person or persons should be held accountable.
Mr. Miyagi says:
Man who walk sideways through airport with erection going to Bangkok. This place is so full of management it's incredible! And to make it even more rich, they wouldn't know the meaning of the word "decisive" if strolled up and donkey punched them in... — read more
What do the mean by "no Capital being spent in Canada"?
Does that mean Surmont won't get any upgrades this year?
Fire the guy who decided to split with Phillips 66
I'm just a troll from another company, but I have a good point.
Makin a list....checking it twice
Sorry it's only funny to those of us already sh!t cannec
Right Sizing Is An Unfortunate Necessity
I have no problem with the "right sizing" exercise of a publicly traded company. It's all about the bottom line and the corporate obligation to investors. Pretty basic. For those folks who have left the company as part of the layoffs this past year... — read more
Top Heavy
As a former employee and a current stockholder, the cuts need to start at the top. The CEO has completely mismanaged the company and the ELT are puppets waiting on their cut. Our dividends have been slashed and COPC is way too top heavy. Get rid of... — read more
Reservoir Engineering Technology?
In my opinion, one of the most useless groups is Reservoir Engineering Technology. The directors and managers are a bunch of world class dumb--ses - they might be able to simulate the flow of crap from your a** to the toilet, but they definitely... — read more
Exxon in talks to buy COP
Well we all knew this was eventually going to happen, but I have it from reliable sources that COP is a takeover target for ExxonMobil. This will be announced at the beginning of 2017.
Burn baby burn!
Now that I am watching from the outside, It is quite entertaining to watch those hot sh--s who think they're so good squirm and struggle. Let the panic seep in ya losers! Keep burning!
Good for people and company.
Seems like it would be good for the company to run a perpetual EOI, so that people that get tired of it can quit at any point in time with severance.
Geologist, Drilling Engineers, Reservoir Engineers, Completion Engineers
Most of the Geologist, Drilling Engineers, Reservoir Engineers, Completion Engineers are costs at this point in time. They are actually very expensive (high salaries) and also replaceable. We should do away with them now and rehire or replace them... — read more
Dear Ryan....
Well, you screwed the pooch big time, haven't you. You must be a real fan of movies to have Purge 1 (April 2015), Purge 2 (October 2015) and heading into the sequel Purge-Election Year. How appropriate. I survived, or should I say suffered through... — read more
Here's Hoping
Hoping that the good people who have been already and who will be let go in this round will be able to successfully move forward to new opportunity, finding the work satisfaction they so richly deserve. Hoping that this round will include significant... — read more
Can someone explain the numbers in L48?
In Don Hrap's L48 townhall today, he said there would be 6% layoffs globally and 12% layoffs within L48, equating to 350-380 people getting let go in L48. He also said we are currently staffed for 25 rigs but plan to staff for 12 rigs. Does laying... — read more
Will laying-off 6% actually move the dial?
Company is losing billions, will 6% make a difference or are they just delaying more cuts in 6 months time?
Best wishes
While I will be leaving the COP shortly due to another opportunity....I am putting all my good thoughts and energies to all those within COP during he bumpy tims.
What a F*kUp company basically they gathered all the useless managers and VPs in a town hall meetings and asked them to fire 1000 employees.
"The Houston-based company confirmed Thursday that it will lay off about 1,000 employees this year, mostly from North American energy jobs in the U.S. and Canada. The cuts were outlined in a town hall meeting with management Thursday" What a F*kUp... — read more
San Juan Asset
Anyone have a clue on what type of cuts San Juan Asset is facing?
Great Video
https://www.youtube.com/watch?v=iJ4T9CQA0UM Check out this video to keep your spirits high. If only we were riding a buffalo when this dadgum bear known as oil prices is chasing us out of a job. Turn around and chase him back! Enjoy.
Here it is for Houston!
Just out today, 21July Workforce Reduction - Process & Timeline • July 21st: Initial communication •July 28th: Earnings release, Global Town Hall etc. •Ryan, Al, Matt and Don will discuss the outlook for the business and impact for our company... — read more
Lay off news
http://fuelfix.com/blog/2016/07/21/conocophillips-to-shed-1000-jobs/
COP are still producing though not actively drilling many wells.
Safety personnel are a must on all your producing assets to ensure that there is no safety incident. In fact, more so now when there is a cash crunch. Remember the BP incident and the after effect in terms of cash drain to BP. We do not want loss of... — read more
Canada to lose 250-300 by 3rd week of September
Well there it is, right from the big man himself. 250-300 gone before Thanksgiving. Good luck to everyone in the Calgary office and all those effected elsewhere. Anyone have an idea where the majority of cuts will be?