History remains and nothing else. Nothing to show but black and white photos of time gone by. Turn the page in the book and make way for the next chapter.
11 replies (most recent on top)
@J5ozHfU-1lyo... what rock have you been under for the last decade or two. Loyalty hasn't existed in the corporate world for a very long time. We are all just a number.
J5ozHfU-bag, it must be quite difficult for you living in the dark. For COP to make it as a company, it must reduce its staff down dramatically to an independents level - OXY, More extreme EOG! COP's structure is still that of an integrated oil company, XOM, Chevron. COP is a production company and would have called it an exploration & production company. But as we all should know by now , drop the exploration because of our poor performance on that end!
Having real personal knowledge of how independents and majors work and staff, I don't believe COP can transition to where they can fully succeed as an ongoing independent! I'll be surprised if COP is still around in two years!
This is my opinion as a former COP.
What a great world it would be if every decision made had the wisdom to be able to see into the future. Several years ago during the boom, everyone was mad because certain Engineers (not managers) where getting big bonuses while 2/3 of the company just gut thier paycheck and no RSUs. Now that same group is whining that they don't get a raise or aren't pampered enough and might get layed off. There are a lot of good people that I feel sorry for that will lose thier job and not have an easy time of it, but the Engineering class in this company that treats everyone else like dirt is finally getting thier due. To bad that once again it will be the underlying support people that will shoulder this burden for the privledged. Utopia would be nice, perform and you eat, but we would have many starving Engineers. After all is done, we will still have 94% of the staff we now have, just proportionally in different locations.
True, loyalty is not rewarded at COP. Unfortunately, this is the trend in most companies especially publicly traded companies.
Most people are hired and these people put in their sweat to ensure the growth and profitability of the company only to be dumped like rags through no fault of theirs when there is a little shaking in the economy. However, when there is a boom, it is not adequately reflected in the pay stub except with a two to five percent annual increment.
I wish more companies could learn a lesson from ExxonMobil or CNRL and other similar organizations - not to over hire and play with people's lives and careers as if people were lifeless and non tangible. However I know this is utopian and it is all about profit and loss in corporate America and all over the world.
I come back because I still know a lot of good, honest people at COP who have ridden it out with them thru all of the bullshit and abuse. How are they rewarded.... with the loss of their jobs. Sooooo..."just for perspective"..... my interest is for the people ! Perhaps if COP management adopted this perspective, laying off people wouldn't be necessary. Hopefully someone like us(Exxon) or another company can benefit from your current and former CEO ignorance and scoop up those good folks COP kicks to the curb like common trash.
P66 was in worse shape than this after Pickens and Icahn shakedowns and it survived after six years of annual layoffs. If COP has the will it will also survive.
Sorry but "has road"? Not only bad conjugation but wrong verb on top of it. Hard to take people seriously when they write like that.
Just perspective ... Exxon people afraid to leave the COP womb. So glad that you were able to move on ... Too bad you still come back
I did move on (to Exxon) smart a--. Worked a lot of great years with Phillips (before the merger with Conoco screwed the company up to the point that nobody could stand working there). Sounds like you might be one of those bosses circling the drain. What f---ed up COP was years and years of autocratic management so place the blame where it belongs.
For everyone that wants COP to be like Oxy or any other "independent", why are you working here? or is it that they wouldn't hire you?
And for those that want to be like Exxon or other integrated companies, go gone them. Staying here complaining how things used to be or are at other companies is the reason COP is in trouble. Everyone wants to be the boss, no one wants to work and do there job properly.
J5ozHfU-kvx, put down the crack pipe, COP is putting on a small band aide when it needs to make serious adjustments NOW. Even after this current employee adjustment, it still will require additional personnel cuts. COP needs to have around 7500 - 8000 employees to make it resemble an independent similar to OXY. Without making the really deep cuts that are needed, COP management is riding a dead horse, but does not realize it.