Topics regarding layoffs at ConocoPhillips

Topics regarding layoffs at ConocoPhillips

now what? L48 finally joins the rest of the team

Heard yesterday that L48 Business Unit will have to cut staff down to 15 rigs. We are staffed for 25-30 right now. Does that mean 40% layoffs? OMG?! There are so many talented people in L48. Can't we just cut all those useless central HQ groups like... — read more 

NEWest Rumors

In 2015, the ELT wanted to cut deeper into the Lower 48 during layoffs, but Don vetoed that call saying that it would hurt too badly. This year, no such veto will have any weight. ELT will force another 10-20% cut depending on the work group. Lunam... — read more 

ConocoPhillips (COP +0.6%) rejected a $2B-plus takeover approach from Ineos Chemicals boss Jim Ratcliffe for its North Sea assets

• ConocoPhillips (COP +0.6%) rejected a $2B-plus takeover approach from Ineos Chemicals boss Jim Ratcliffe for its North Sea assets, according to a report from the Sunday Times. • The approach reportedly came earlier this year amid reports that COP... — read more 

Watch 2nd quarter cash flow

If COP's cash flow doesn't turn positive in the 2nd quarter, look out. Lance put a stake in the ground w/Wall Street months ago saying operational costs and overhead had been lowered and would insure cash flow neutrality in the $45-$50 Bbl range. Oil... — read more 

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| 2190 views | | 5 replies (last June 14, 2016)
Post ID: @OP+HQGgOx4

Too Young to Know Better

I would bet that the person posting about the disgruntled employees is young and has no idea what it is like to put their whole life into a job. Giving it their loyalty and values, working hard and giving 100% of themselves to the company hoping to... — read more 

Lots of disgruntled losers venting here!!!!

Obviously lots of disgruntled losers commenting on this site! What happened to you has to be someone else's fault! Blame the company, blame management, blame it on the culture! That is what this site is for so enjoy! Vent, vent, vent!

Nasty

There truely is a nastiness about this company that I haven't seen anywhere else ... not business but pure pleasure for those that are allowed to hand it out. ConocoPhillips is at it's core a nasty bully ...

Saudi Oil Production

Saudi Arabia's national transformation plan sees the country's oil production capacity maintained at 12.5 million barrels per day (MMbbl/d) until 2020, an official document detailing the plan said on June 6.

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| 680 views | | no replies yet
Post ID: @OP+HMz7INh

Rack em' and stack em', people!!

Lets get a report on cuts by function (function and number of positions cut). No names or personal identifiers, please.

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| 1660 views | | 1 reply (June 7, 2016)
Post ID: @OP+HLtlKTb

How does the #1 Oil Company treat it's employees?

Exxon grades and ranks it's employees every year and dumps the bottom 10%. When there is a downturn in the business they don't rehire all the positions Immediately. Many think that Exxon never has layoffs but reality is they do every year good or... — read more 

Expression of Interest??

With all the negativity and lack of work for too many employees to do, I'm looking at other options now. Oil will be down for a while and activity will be slow. Company morale will continue to slide or stagnate. Can I give an expression of interest... — read more 

Were all the posters on this site laid off????

Board seems quiet, though anxiety levels must still be high. COP is massively in debt, oil prices will not be saving them in the short run, and they are pulling out all the stops with efforts like subleasing EC4. Sure, there were jerks who posted on... — read more 

EC 3 workspace

Since moving into EC 3 I would like to know people's thoughts on their workspace. Specifically do you like your workspace or not and why?

Options

So the company is staffed for 24 rigs and we are only running three rigs. Oh I wonder what our options are hmmmm.

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