With Houston offices closed for at least a few weeks, is any decision/communication/action from ECO delayed? Harvey has at least given us something else to talk about, but are we really going to let a bunch of people go after all many have been through? And just in time for holidays? I had hoped the answer was yes. It's brutal, but that's business and we need to make huge changes ASAP to survive. However, after seeing the scale of devastation and tradedgy, I find myself thinking "what's another few months of helping folks get back on their feet by paying salaries?" We surely waste way more than this drilling dry holes with almost no chance of success and at least there are some good feelings that come from being compassionate to our colleagues. So, I'm torn. Anyone have insight on timing for ECO implementation or visibility to conversations leadership is having in this space?
7 replies (most recent on top)
Looks like we chose the wimpy option...
That's what I was thinking when I got laid off over a year ago. What's a few more months going hurt. They didn't extend our date out of compassion so what makes this any different. We all have our own storms to weather. S--- it up and move forward.
We certainly get paid enough to be sure we are prepared, but I am not sure the majority of folks spend or budget accordingly.
Would you prefer to deal with 4 month long Midwestern winters, or the occasional flood? You know, in Bangladesh last week, a few thousand died in similar flooding. That's a tragedy. I do feel for those who had little to begin with and lost everything, but I suspect the majority of COP employees were in pretty good shape to begin with.
COP is not in the business of good feelings.
There's no way the original ECO timing will be followed. I'd assume we'll look again at ECO in 2Q18 if we haven't fixed our $G&A/barrel some other way.
Been eerily quiet.