Heard yesterday that L48 Business Unit will have to cut staff down to 15 rigs. We are staffed for 25-30 right now. Does that mean 40% layoffs? OMG?! There are so many talented people in L48. Can't we just cut all those useless central HQ groups like... — read more
NEWest Rumors
In 2015, the ELT wanted to cut deeper into the Lower 48 during layoffs, but Don vetoed that call saying that it would hurt too badly. This year, no such veto will have any weight. ELT will force another 10-20% cut depending on the work group. Lunam... — read more
Prepare your wallet Ryan!
pipe spill in alberta. Get ready to layoff 300 more workers so ryan's wallet stays nice and fat... — read more
Bartlesville Bangers...where are they now?
What ever vecame of this group of deviants?
A Case History That Sums-Up How to Succeed at ConocoPhillips
I hired on with Phillips in 2000. There was a colleague on my work team who was also a new-hire, he had hired on with Phillips in 1999. He was/is a rabid Republican (nothing inherently wrong with that) who continually sent and forwarded extremely... — read more
Can't wait for 2nd Qtr earnings call/results!
I'll say it hear and I'll say it again at the end of this year we will not cash flow not this year not in 2017. Ryan Lance will be asked to resign.
Fake collections against COP ex employees?
Had anyone else been getting bothered by a collection agency asking for money from ConocoPhillips? Was laid off in October.
ConocoPhillips (COP +0.6%) rejected a $2B-plus takeover approach from Ineos Chemicals boss Jim Ratcliffe for its North Sea assets
• ConocoPhillips (COP +0.6%) rejected a $2B-plus takeover approach from Ineos Chemicals boss Jim Ratcliffe for its North Sea assets, according to a report from the Sunday Times. • The approach reportedly came earlier this year amid reports that COP... — read more
Watch 2nd quarter cash flow
If COP's cash flow doesn't turn positive in the 2nd quarter, look out. Lance put a stake in the ground w/Wall Street months ago saying operational costs and overhead had been lowered and would insure cash flow neutrality in the $45-$50 Bbl range. Oil... — read more
Too Young to Know Better
I would bet that the person posting about the disgruntled employees is young and has no idea what it is like to put their whole life into a job. Giving it their loyalty and values, working hard and giving 100% of themselves to the company hoping to... — read more
Lots of disgruntled losers venting here!!!!
Obviously lots of disgruntled losers commenting on this site! What happened to you has to be someone else's fault! Blame the company, blame management, blame it on the culture! That is what this site is for so enjoy! Vent, vent, vent!
The oil business is a cyclic business with booms and busts!
Companies hire recklessly during a boom just to keep up. When a bust comes along they get rid of the ones that would have never been hired in the first. It is not evil or planned it just happens! It you didn't make the cut you can still be thankful... — read more
Nasty
There truely is a nastiness about this company that I haven't seen anywhere else ... not business but pure pleasure for those that are allowed to hand it out. ConocoPhillips is at it's core a nasty bully ...
Nice check from P66 came in the mail yesterday
ya all keep up the good work...baby gets new shoes
Saudi Oil Production
Saudi Arabia's national transformation plan sees the country's oil production capacity maintained at 12.5 million barrels per day (MMbbl/d) until 2020, an official document detailing the plan said on June 6.
Rack em' and stack em', people!!
Lets get a report on cuts by function (function and number of positions cut). No names or personal identifiers, please.
End of oil in transportation
Norway is planning on no new gasoline powered cars by 2025. Other countries have similar proposals.
How does the #1 Oil Company treat it's employees?
Exxon grades and ranks it's employees every year and dumps the bottom 10%. When there is a downturn in the business they don't rehire all the positions Immediately. Many think that Exxon never has layoffs but reality is they do every year good or... — read more
Expression of Interest??
With all the negativity and lack of work for too many employees to do, I'm looking at other options now. Oil will be down for a while and activity will be slow. Company morale will continue to slide or stagnate. Can I give an expression of interest... — read more
Were all the posters on this site laid off????
Board seems quiet, though anxiety levels must still be high. COP is massively in debt, oil prices will not be saving them in the short run, and they are pulling out all the stops with efforts like subleasing EC4. Sure, there were jerks who posted on... — read more
When will Surmont production resume? How much is it costing the company?
$ 1 Million per day in lost production, but are there additional costs?
Oil coming back big Time!,,,,,
Look for $80 per barrel by September 1
EC 3 workspace
Since moving into EC 3 I would like to know people's thoughts on their workspace. Specifically do you like your workspace or not and why?
XOM Buys CoP - Pipedream or Probability?
Could or should XOM buy CoP - what would happen to shareprice?
https://www.thestreet.com/story/13581954/1/will-conocophillips-cop-stock-be-affected-by-lower-oil-prices.html?puc=yahoo&cm_ven=YAHOO
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D+. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, weak operating cash flow... — read more
Any updates on the Surmont situation?
Any damage from the abrupt shut-in?
Options
So the company is staffed for 24 rigs and we are only running three rigs. Oh I wonder what our options are hmmmm.
Elon Musk is no dummy
Total electric autos by 2050
Petition2congress.com Sign the petition to abolish H1-B visas and H4 visas.
Petition2congress.com Sign the petition to abolish H1-B visas and H4 visas - 7637/abolish-h1b-visa-program/view/ Indians and chinesse are taking jobs away from Americans. Greedy big corporations are opting for cheap overseas labor and replacing... — read more
Newfoundland waters next big drilling site? Canada to change law.
You will probably have seen this - http://fuelfix.com/blog/2016/05/13/is-canadas-east-coast-the-next-north-sea-for-oil/
Alright boys and girls!!! COP is officially 74.76% debt/equity......they are in serious trouble! This is really bad.
There was also 300 folks layed off during the first quarter, total employee count 15,600. The ship is sinking and the rats are going down with it. If oil persists at the current levels you can bet your bottom dollar there will be more layoffs then... — read more
Alright boys and girls!!! COP is officially 74.76% debt/equity......they are in serious trouble! This is really bad.
There was also 300 folks layed off during the first quarter, total employee count 15,600. The ship is sinking and the rats are going down with it. If oil persists at the current levels you can bet your bottom dollar their will be more layoffs then... — read more
Alright boys and girls!!! COP is officially 74.76% debt/equity......they are in serious trouble! This is really bad.
There was also 300 folks layed off during the first quarter, total employee count 15,600. The ship is sinking and the rats are going down with it. If oil persists at the current levels you can bet your bottom dollar their will be more layoffs then... — read more