Anyone have a rough estimate of what our Cost Per Barrel is? I thought I had read a while back that is was in the 90s.
Texas Notice Requirements for Layoffs
Link below - Unfortunately for employees, no law prohibits employers – including those in Texas -- from closing a plant or laying off workers. However, employees who lose their jobs may have some rights. For example, union members might have rights... — read more
Watching the TX and OK WARN Websites - Links
So far, no postings. Based on WARN Act terms, it seems that COP should be required to give 60-day written notice to each state for 500+ layoffs that occur within 90 days in that state. (So April layoffs won't count). Chevron's recent notices are... — read more
This is how it works
Meet me in a conference room, HR and management hand you the severance documentation, HR collects ID badge and HR walks you out the door. No you are not given 60 days notice.
No SAP Team Layoffs
SAP team won't be affected I'm sure and it's much easier to implement SAP training 30-40% less people on how to use multiple modules than teaching everyone how to use the one module they need. In the grand scheme of things, SAP takes about 1-2 days... — read more
Any criteria on the person to be laid off
Are there any people from management viewing this website? I hope to bring the point to the management. How do we determine who would stay and who should be let go? How can we make sure the decision is made fairly and ethically? It's not surprising... — read more
Employee vs Contractor which will be first to go?
I wanted to ask will there be any difference during layoffs between Employees vs Contractors? or will be decisions be purely made performance based?
Really stressed!
Now i am really getting stressed current global markets decline will make the layoffs even worse...COP stock down to 43... oil wti @ 38.... now i am really scared looks like big trimming is coming up i am in salary grade level 13 (lower end of COP... — read more
Does anyone have any serious inside info on when the layoffs will start?
I check other companies layoff boards and people at those companies seem to have an idea on what is going on. I feel like us at COP don't have a clue what is going on. Poor communication is an understatement.
Can COP survive $30/barrel WTI oil market for an year (or more!)?
Regardless of how many cost savings they do.... such low commodity value is UN-controllable pressure on (higher expenses) E&P like COP.... looking forward to email from Ryan saying "COST project target is increased from $1bn to $2bn"
The Charge of the Upstream Brigade
Half a league, half a league, Half a league onward, All in the valley of Acquisition Rode ConocoPhillips. "Forward, the Upstream Brigade! "Charge for the dividend!" they said: Into the valley of layoffs Rode ConocoPhillips. "Forward, the Upstream... — read more
TWC unemployment benefits
Running out soon. Any chance Trump will throw me some scraps?
The real victim in all of this....
These layoffs are seriously going to affect my fantasy league this year. Doesn't management care how they are impacting workplace fantasy leagues across the company?? Does OPEC not care how they will impact NFL fantasy league teams across America?!... — read more
ConocoPhillips interview questions
If ConocoPhillips stock looses 2% a day, every day... If ConocoPhillips buys oil for $50 per barrel and sells oil for $40 per barrel... If ConocoPhillips looses $2 billion a month, every month... If ConocoPhillips lays off 5% of the work force every... — read more
Bartlesville layoffs
It appears that layoffs have begun in Bartlesville.
Life Insurance ?
I'm an older guy on heart meds. Can I continue my supplemental life on my own without starting from scratch? It would cost a fortune.
Forced Early Retirements
If the company asks you to retire early are you treated differently than a layoff ? Looking back on the May reductions seems the people who got escorted to the parking lot were all younger. The early retirement age guys who left generally had an... — read more
This Week on The Mark
Ryan nearly drowned in stream of own bullshit but was saved from rushing fecal waters by Coast Guard pararescue swimmers and $28 million bonus. Don makes new video trying to convey his compassion for employees. Lasers shoot out of his eyes... — read more
Do you ppl still sleep on the job?
I have heard from ppl that work at this company that employees wear sunglasses and sleep during the night shift. This is really irresponsible. You make 100k and sleep on the job. Where are your supervisors? Are they also sleeping? You are dealing... — read more
Hindsight is 20/20
got a call from Exxon a few months back, I let my loyalty get in the way. I guess we will see if it pays out or comes back to hurt me.
Any news about MCBU?
Would appreciate it if someone may share info about MCBU, Permian Conv. Unconv. and PAB?
Conoco Expats Layoffs
My guess (for what that's worth) is that Ex-pats will stay put if their position is absolutely business critical (that's why you're there!). If not, look for many ex-pats to be repatriated due to the huge cost. The risk is that if you're position... — read more
GCBU Conventional Update
Any word on the GCBU Conventional asset sales and layoffs?
Vote for political parties and candidates that will either tax multi million dollar executive pay at a rate of 90 percent, or ban them entirely
From Mulva's time, the fact that the company board appointed by him decides his compensation, just to watch the stock price go nowhere, is a scam. It reminds me of Enron, where the top management got well paid to run a company to the ground. If I... — read more
What is included in "the check" at the time your are notified, beyond the "3 for 1" value? Vacation buyout? RSUs owed according to terms?
According the severance policy, we are entitled to 3 weeks of pay per year of service. That easy to calculate, and I will have a spreadsheet current for the next couple of months so that I can tell HR whether or not the number on the check is... — read more
Future of the company
People who can please their boss, even though they are not really good, mess, lazy but they are smart ass, they always ahead from a good employees, too bad so many boss can't see it or they know it but they don't care. Leadership Team is bias and... — read more
Movie titles that describe ConocoPhillips layoffs
Whilst I await the day I'm probably laid off, I thought of some movie titles that could probably describe the entire affair. Add yours! Dead Man Walking Day of Reckoning There Will be Blood Eight Men Out The Texas Chainsaw Massacre No Tomorrow... — read more
Nobody know what to expect and I'm getting more nervous...
I tried to get the any new information about the layoffs from my supervisor and I got the standard "I know its stressful, just hang there" speech. But, the odd thing is, a few hours later, I got a request thru linked-in from him. Either, I'm gone or... — read more
Mulva
increase dividend. Cut gom. Cut people. Is mulva back?