Thread regarding ConocoPhillips layoffs

This is a layoff site and the ELT should get laid off.

We are getting tired of your vendetta. This is a layoff web site!

-1vx: Some companies have better leaders that can navigate the up and down oil environment. COP is not one of those companies. Our ELT is stuffing their pockets with excessive executive compensation while shareholders and employees suffer. This will come to an end.

COP traded as an "independent" E&P company on May 1, 2012 w/ essentially the same ELT & BOD in-place. The following is a summary of stock price comparison for the premier shale independents (Pioneer, EOG & Concho) on May 1, 2012 (05.01.12) & July 20, 2017 (07.20.17). Also included are the premier US integrated major E&P companies (Chevron & ExxonMobil). COP has noticeably under-performed in the same oil price environment suggesting the problem is w/ management. During periods of high oil pricing, management is more than willing to take credit for stock performance. During low price environment, dismal stock performance is blamed on oil pricing. Can't have it both ways.

Pioneer(PXD): $126.13/s (05.01.12) INCREASED to $163.28/s (07.20.17)

EOG: $55.62/s (05.01.12) INCREASED to $93.66/s (07.20.17)

Concho(CXO): $107.10/s (05.01.12) INCREASED to $126.47/s (07.20.17)

COP: $56.51/s (05.01.12) DECREASED to $43.21/s (07.20.17)

Chevron(CVX): $108.27/s (05.01.12) Decreased to $104.63/s (07.20.17)

ExxonMobil(XOM): $87.04/s (05.01.12 Decreased to $80.86/s (07.20.17)

Dividend:

Chevron(CVX): $3.24/s (05.01.12) INCREASED to $4.32/s (07.20.17)

ExxonMobil(XOM): $2.24/s (05.01.12) INCREASED to $3.08 (07.20.17)

ConocoPhillips(COP): $2.64/s (05.01.12) DECREASED to $1.06/s (07.20.17)

The ELT (captain and officers) are just going for the ride. Why not cut the executive compensation 50 percent. They could either leave or get to work. Remember, at the last shareholder meeting, the ELT was publicly embarrassed when 68 percent of voting shares went against the excessive executive compensation. Shareholders have tolerated enough value destruction & dividend income destruction. Employees have tolerated enough layoff uncertainty. ELT needs to feel some pain. Cut the compensation 50 percent. They can either leave or get to work. Their choice. The free boat ride is over.

To the last poster, the point of management is to see changes in advace and adjust course accordingly so as not to be caught by big oil price changes. COP was caught with two feet on the gas and spent like drunken sailors on shore leave during the boom time. The hangover is $25 billion in debt, dividend cuts, and asset sales to keep us out of the poor house. i know that management will say they did a great job during the bust, but their inefficient management during the boom proved them to be fools. The biggest proof of their gross incompetence is boasting we are set for $50 oil while oil hovers in the mid $40 range. Someday they will get it right, but heck they all get golden parachutes anyway right?

Holy cow!!! The value of COP follows the price of oil?! What is it, some kind of freakin' oil company or something?!