Unknown to me if the trip to the conference room was a promotion or a termination. Discussions were ongoing with management and HR for a promotion at the time of the layoff. Good spirits regardless of the end result of the meeting in the conference... — read more
Chevron layoffs
chevron gave its severed employees 2 months notice. WOW. Novel idea. Treat people with respect. Cop walks you out. Won't let you pack your office. Treats people like criminals not the professionals...cop is a joke.
Layoffs
The negative energy in our office is palpable!! All this layoff talk has people waiting around for the hatchet to fall....wish they would get'r'done and carry on with business, even though I will probably be one of those that gets cut!
New Severance Package
Word from HR is the new severance package heavily favors the company. Any word?
33% cost reduction in Canadian operations.
Lean management reigns !
Any news on office plants?
Has anyone heard if and when they are to be removing our office plants as part of the COST initiative? I am very attached to mine and wondered if there would be opportunity to purchase?
Please do not spread rumors
If you do not have any authentic information it's best not to comment you are not doing any favors to yourself or your colleagues by spreading rumors.
Employees electing to work for new company in assets up for sale
If an employee has informed their supervisor that they would like to stay within their asset and interview with the new company that potentially buys the asset, are they less likely to be laid off? Reason being, the company might avoid paying... — read more
CEO Apprentice
To Ryan Lance...You are so fired!
Leadership
Where is our leadership? Since COP announced more reductions, leadership has been hiding out and cannot be found.
Significance of 4th Quarter--October 1st
"Every company I know of, including Chevron, Exxon, BP, Apache, Anadarko, every company, you name it. They are all exceeding their cash flow. That's not sustainable. Something's got to give," he said. Gheit said the industry will have to look harder... — read more
Merger/acquisition?
Any one else think the cash they're gaining from selling all of these assets is in preparation to buy acquire another upstream company like Hess or Anadarko? Larger market share and more complete domination of upstream?
Deepwater Data Dump
Good luck on archiving all the deepwater prospect data. Once everybody gets laid off in the group, nobody will be able to locate it. No database, no system, no disipline. If you needed to find specific prospect data you had to "ask somebody". Once... — read more
Why don't they offer to let people raise their hand to leave but give them the severance?
Aw come on?! There are so many of us who just want to retire but would miss out on the juicy severance payment, so we wait and stay in our jobs for a little longer. Why not just have a voluntary program like ALL THE OTHER COMPANIES DO instead of... — read more
Fate of Expats?
All the BUs have crazy number of expat, mostly Senior Mangers are Expats what is there future? will COP consider laying off these heavy burdens? who take big salaries..and consider replacing with cheaper local labor
WIT at 45$ barrel at what point COP Management (ELT) press the panic button?
WIT at 45$ barrel at what point COP Management (ELT) press the panic button? At 45$ barrel all of Canadian/Lower 48 operations are under loss as operational cost is higher than 45$ wti cost, how long can COP management afford to run at this point?... — read more
Thoughts on the EC3 move delay?
The announcement email was rather abrupt, vague, and in my opinion ominous. Anyone have any insight?
Conoco upstream / downstream split
Good or bad move? What are your thoughts?
the race to the bottom... at what point is the drop in the stock price not part of the upper management corporate strategy? under $50 today.
the race to the bottom... at what point is the drop in the stock price not part of the upper management corporate strategy? under $50 today. The lowest price since the upstream / downstream split.
better idea that could be well received by investors: Exit Ryan and the rest of his clowns
Raising dividend by a penny and cutting the deepwater (and of course cutting more staff!). WoW it sounds like a disparate move!! Clearly the move was not well received by the investors, it sent ConocoPhillips Stock to a New 53-Week Low…way to go Ryan... — read more
Good news!
http://finance.yahoo.com/news/conoco-quarterly-loss-lowers-capex-112455493.html
Niobrara - Rockies BU
Does anyone have information regarding layoffs and status of the asset?
Raises
All of the college new hires that had I've year if service in June got a nice hefty raise. Must be nice they got a huge raise and no one else did. COP should focus on keeping sine talent and chill out on hiring hundreds of shitty college kids who... — read more
Conoco RSUs
Can someone briefly explain to me how your RSU process works (how much you get and how vesting works). I work in a non related industry, just comparing how my co is doing. I'll tell you my situation, working for a fortune 500 company, director level... — read more
Need advice please - A friend owes me $6000 hasn't paid back in 2 years and doesn't look like he will pay
Just needed advice on this. One of my good friend took $6000 from me 2 years ago and told me he will return in few months but its been 2 years he has made excuse after excuse..tonnes of excuses and doesn't look like he is going to pay me... i dont... — read more
Rockies BU
From what we've heard the Bakken is going to be one of the few assets that has cash diverted into it from some of the deep sea operations (and like) that are being shut down. But obviously no one will go untouched in this downturn. Anybody heard how... — read more
Fire Ryan lance
Ryan Lance made $ 27 million and by firing him, the company can save 270 jobs. There is whole bunch of people like Ryan in COP that are incompetant and ned to be gone. That would save many ordinary jobs..
Salary
Curious, what does a 12-year geologist make at COP?
ConocoPhillips Severance Package?
Can anyone comment on COP's severance package? I have heard they give 1 month salary per year of service? is that true... any one who has received severance from ConocoPhillips in recent layoffs...if you can let us know...
Bartlesville
Any word on the company's commitment to remain in Bartlesville with this new independent model? Have heard there are empty buildings in the complex in Houston so have to think they will want to move departments to fill space. Does the old corporate... — read more
reality check / stock price & dividend
The stock price is $54 and the dividend yield is 5.5%. The 52 week low is $53 and the 52 week high is $87. Be so kind and explain to be the infatuation with the investor community by COP management. The dividend will be paid via asset sales and/or... — read more
Class Action Lawsuit?
Is there a class action lawsuit in the works for age discrimination practices used in the layoffs?
COP getting LEAN and MEAN
Looks like they are going to make all BUs independent with no or minimal reporting back and forth to/form houston office... all BUs independent means some people in houston office will be effected plus they are going to trim BUs as much as they... — read more