Next they need to shut down Bartlesville and shut down the 30th St. office in Farmington New Mexico to continue to reduce cost! Move all of the support services including engineering to Houston!
another Sears?....billion dollars in losses
sure hope we have a friendly banker....hey Sears still hires
Concerned employee
All knows for a company to survive you must have new blood coming in at times, But is just doesn't make sense when a company expects loyalty from it's employees but none is shown to them. Here they are laying people off and cutting cost but still... — read more
How much longer can COP continue to support the Bartlesville offices and research positions?
With education funding in Oklahoma at lowest level it will become more difficult to attract employees to Bville who want to live there and raise kids in the town. Just don't see other peer companies supporting two staff locations.
COP "Management"
For the past 5+ years, COP management as a whole has underperformed. Unlike COP employees, the management has metrics that compare themselves as a whole to their counterparts in other companies. By almost every measure, COP management has... — read more
Oil headed to high 30's inventories still building.....regardless of US production dropping!!!!
Decimation of shale players is on the menu!!!!
What will gasoline prices be like on Memorial Day?
Thinking 20 to 30 cents higher. This bodes well for COP and PSX
pessimistic for layoff, positive for COP stock
stock charts shows COP might hit up for $50 if it is stabilized above $44 for 2 more weeks.
Stock
COP stock up
Oil down 6% after Doha meeting
Saudi couldn't come up with an agreement with Iran. Prepare for extended periods of low oil!!! Exciting times!
Layoff update
No layoffs planned right now. Plan is to wait and see what happens this year with prices. Thank is is wrong for a number of reasons... Competitors are not standing still and when we are benchmarked against them our stock price will suffer. Shows... — read more
Layoffs coming company wide
The ship is burning....
RBU SJ Asset in Farmington, NM office still whining!
Time to move accounting and land work from Farmington to RBU main office. All the Farmington office does is whine to us about morale and petty staff disagreements! Nobody is doing anything in Farmington and when they do it's wrong!
Its time!
Set yourself free you old school thinkers. Let go of the burden of having to micromanage not only your own highly depressed team but every single person who comes into contact with you. Aren't you tired of telling people they can't have soda, they... — read more
Reorganization
There are alot of Reorgs in RBU lately but no announcements..... somethings shaking loose I am guessing May
Offices
I am wondering what legitimate reason there is to have both H64 and 30th Street buildings open when neither office is full, wouldn't combining buildings be the best cost savings?
Honestly
I feel bad for all those who have been laid off and weren't ready for it , but hope that life now finds you well. For all the people who are still employed by COP and are on this site you really should soldier up and do your best otherwise leave and... — read more
Sundays
Sundays are always the worst days , you can feel the pain of an unhappy environment long before the day gets here.....
More Canadian WCBU Asset Sales?
More layoffs coming, in light of the upcoming Canadian WCBU asset sales? Thoughts on timing and magnitude?
Stan Rogers, Canadian, early oil boom song
https://www.youtube.com/watch?v=yMfwxWA14zo&nohtml5=False
Chevron folks got decimated this week! Chevron is in better shape than we are... Go figure!
Lots more folks will be layed off!!!! It's an epidemic that won't stop until 65 dollars a barrel returns.
Observations
The SEAT meetings are over and we are all aligned-- the ELT is a bunch of arrogant narcists who don't have a clue. Hint: headquarters is a bloated mass of people bugging the business units for more information so these requesting managers can impress... — read more
Why?
Why is absolutely nothing being done about morale? It is not just the normal whinning people it is everyone. They are so down so miserable and noone does anything about it...just because things are tough does not mean job loathing is a required part... — read more
Why?
Why is absolutely nothing being done about morale? It is not just the normal whinning people it every, everyone is so down so miserable and noone does anything about it...just because things are tough does not mean job loathing is a required part of... — read more
Travel
Why would HR & Leadership travel to Houston? You guessed it....something is going down
North Slope operations morale at critical levels.
Now that the totalitarian management regime at Kuparuk have lost their wits by demanding pay cuts from the contractors (mainly ASRC) and giving that money to themselves. Causing a reaction that has ASRC employees assembling for union formation to... — read more
"Poor" San Juan Bigot
Isn't it sad that ConocoPhillips would keep someone who is so racist, misognisic, homophobic, and xenophobic as the poor guy in San Juan? Walking around the hallways, it's impossible to get away from the ignorant rants he makes in the name of... — read more
Employee Count
Any idea what the employee count is now? It was over 18,000 when I started in August 2014.
Next round of layoffs?
Next round of layoffs? Come on baby!!! A large bunch of us are waiting...
There will be no production freeze nor will there be any production cuts!!! Layoffs are coming!!!
Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates (or UAE), and Venezuela are members of OPEC. These countries’ March crude production figures are as follows: Algeria’s production... — read more
Scheduling/Cost Savings
I'm certain a large portion of the staff would be willing to work a reduced work week (4 days/week) and take a 20% pay cut in lou of losing your job. At least the company is retaining workhorses (which they will eventually need when things bounce... — read more