COP is just dead money. What is the plan? Just wait & hope for high oil prices?
BoD needs to request ELT provide proposals for increasing shareholder value. Those proposal should be all encompassing, including outright sale of company. Sitting around with an over-staffed & under-worked workforce with assets that have limited to no upside is not an acceptable plan.
ELT, start earning those big bucks or there will be more than 68 percent of shareholders calling for a change in management.
What ConocoPhillips needs is transformation - plan T. It’s been obvious for a decade - adapt or die. ConocoPhillips is dying.
Why have a plan B when plan A ... reduce costs and sell assets until profitable is working so well?
It is a little late for Plan B, but I do wish it had been used when the ELT members were conceived.
Let us not forget no business plan existed for oil under $60 per barrel at the time of the split. Let us not forget why not business plan existed for oil under $60 per barrel at the time of the split.
ABC
Always
Be
Costing
Very simple.
Plan B/C is COST project 2.0, 3.0, 4.0, etc...
So if read this correctly the plan is A then B and then finally C? So A.....B.......C? Oh I get it ABC will fix it!!! Yup
Plan B is to go to plan C