Thread regarding ConocoPhillips layoffs

Now we need to continue to stay focused

I know you all have it all figured out but last quarter we improved to a two cents per share loss and that was not counting asset sales.

This means that as all the costs to get out of the long term high capital projects is winding down, capital spending constraints, overhead reduction, steady production we are about to see profits in the next quarter. None of you like it when a company has to reduce capital, overhead, restructure, centralize, and remake itself to survive but it does happen and it is a huge undertaking with lots of push back.

Now we need to continue to stay focused and continue to get our overhead down, restructure which will entail painful changes finding synergies that eliminate overlapping groups, functions, and tasks. and centralize which will entail closing the Bartlesville campus and performing many functions and tasks currently done in outlying business units in Houston.

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| 1402 views | | 5 replies (last June 12, 2017) | Reply
Post ID: @OP+NAedTSQ

5 replies (most recent on top)

Yeah...OK...I also remember hearing that we will be cashflow positive in 2016, then it was 2017, then it was 2018....who know what date it is now - so excuse me for not getting excited that this once great company may be cashflow positive next quarter. The L48 has not been cashflow positive for years, despite being the engine room of the future ConocoPhillips. San Juan was one of the only assets that generated free cash flow, but the rest of L48 s---ed the cash out of the BU. If it wasn't for Asia Pacific and the protections of production sharing contracts, things would be worse. So here is an idea - lets sell all the Asia Pacific assets and keep Niobrara and the UK. That should complete the whitewash.

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Post ID: @aipl+NAedTSQ

O ya stay focus and keep 2pennies in your walet.

Real info

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Post ID: @axuv+NAedTSQ

And, for once,learn thy lesson. Don't over hire next time. It was obvious to everyone except the managers. dumb--ses!

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Post ID: @4azd+NAedTSQ

Make oil great again. Big league!

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Post ID: @2txy+NAedTSQ

We are going to win so much the next quarters you are going to get tired of winning, believe me.

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Post ID: @jre+NAedTSQ

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