Not uncommon in the oil and gas industry to spin off (again) the worthless assets and the debts. The current asset, both worthless and not so worthless, are not worth selling (nor buying). But based on the past decisions of the current management the... — read more 

Working here is like being slowly drowned. We struggle everday to smile while inside we are gasping for a little less stress and the mere hope that leadership will actually get their shit together. Yes we know oil has tanked, but we all sit here and... — read more 

So layoffs for L48 or not?

We are within 10 percent of the bottom, but it will 8 or 9 years before things move higher

We are within 10 percent of the bottom, but it will take 8 or 9 years to move higher

From many years of experience at COP I can attest that if you follow just one key principle you'll be fine during the next wave of layoffs; i.e., it's never too late or too early to kiss your bosses butt. And keep doing it early and often. Follow my... — read more 

The truth is most people complaining about being laid off now were dying to stay with COP at the split. How many of you threw others under the bus to get back to upstream? How many of you thought P66 was going off to die a slow death? It's amazing... — read more 

This is what it takes to support the guys in the field running a three rig program in the L48: 4 x Drilling Managers 4 x Chief Engineers 40 x Drilling Engineers 40 x Completion Engineers 12 x Drilling Techs 8 x Miscellaneous This is all supported by... — read more 

Go Trump!

MorganStanley analyst called into question COP's "Credibility" but did not elaborate on that point when discussing COP's financial condition in a research report issued 4 Feb 16. Yes, Ryan and management has a credibility issue. Perhaps SPIRIT Values... — read more 

Isn't it funny that most of the people in charge of making the decisions have moved on? Fabricated type curves, significantly lower D&C assumptions, and incorrect economic premises all make the company believe that keeping it is a good decision. COP... — read more 

"WASHINGTON — President Obama will propose a $10-a-barrel oil tax to fund an ambitious new transportation spending plan, White House officials said Thursday ... The new oil tax would be phased in over five years, and would apply to both domestic and... — read more 

Our so called "management" has: 1. Got rid of the refining division that would have saved the company during the price crash. 2. Made countless bad investment decisions during the boom 3. Went crazy hiring during the boom 4. Decimated the company... — read more 

Wonder what the ratio of leadership to the minions will be with 3 rigs in Lwr 48...

I've been seeing a lot of posts about people complaining about how their employer (energy company/oil company) is freezing salaries, suspending 401k contributions, suspending profit sharing/bonus payments, etc. Uh, there seems to be a huge disconnect... — read more 

It's an epidemic. Someone call the CDC. This is yuuuuge.

http://seekingalpha.com/article/3868266-conoco-phillips-oil-major-failure?auth_param=7hg59:1bb8atj:a473333349cc8f57f71a79cfe864a666&uprof=45

While I am glad they have decided to cut the dividend and are perhaps realizing the gravity of the situation they have put themselves in, the fact that they did indeed put themselves here by not cutting the dividend earlier and worse, funded the... — read more 

Junk leadership and junk employees (specially after the layoffs), what did you expect?! They gonna turn things around with 30 buks a barrel, Of course not!

The college new hires that started last January got their promotions to a new salary grade in January. What about us that weren't college recruits?! Must be nice to be the chosen ones. They all went to a new salary grade and we don't even get a tiny... — read more 

Another year and no raises, another year and the vcip looks to be smaller than even last year. I don't know for sure but expect it. They lowered our 401k match and other small perks are now gone. That, along with the two layoffs last year and fears... — read more 

I joined COP two years ago and was laid off 11/1. I had experience at Shell, BP and with smaller companies, all of whom ran aggressively lean operations. My training for 25 years had been to wear many hats, look for ways to cut cost and impact the... — read more 

They actually cut it!! Now there'll be hell to pay for employees...

It may be good time to consider other fields of employment. Or, for those who made nuts amounts of money during the good times, hopefully you can live off of your savings for a while or just go ahead and retire. Anyone who spends at or beyond their... — read more 

So I now know of multiple employees who knocked it out of the park last year who were given a 3 rating. These were repeat high performers who were given weak reasons for the ranking. Weather the storm COP but I would hate to see what it looks like... — read more 

ConocoPhillips used to be the place everyone wanted to work?

Some people say they are flying under the radar when really what they are doing is slithering on their belly. They think they are being unnoticed when in reality everyone can see what you are doing , how can you miss a snake with claws?