I know the future seems bleak but once the asset sales are completed and the company is appropriately downsized, it will be smaller but more focused.
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No. And the company doesn't give a $&@" about us either.
The projects engineers and geoscientists made this company incur? The last time I checked it was the ELT that had to sign off on these mega projects. They have only themselves to blame, once again there is no accountability for upper management at COP and somehow idiots in the rank and file still follow them blindly. No wonder we are swirling around the toilet bowl waiting for the final flush.
RL and his bunch should have been shown the door over a year ago. The are the ones that got us into this mess. They never had a clue as how to operate successfully as an independent.
"RL and his team are doing a great job at sustaining the company."
"Making the necessary decisions is a painful process."
"Unfortunately innocent and hard working employees usually suffer unemployment during this critical period."
You could write ELT speeches with that kind of rhetoric!
@1jwc Everyone can talk and suggest and have a personal opinion like you just did.
My opinion is that RL and his team are doing a great job at sustaining the company and rectifying the sunk cost and elephant projects that the Engineers and Geoscientist made the company incur. Making the necessary decisions is a painful process except to most Managers and ELT members. But I see the company coming out leaner and with fewer staff and maybe better run and more profitable. Unfortunately innocent and hard working employees usually suffer unemployment during this critical period.
Perhaps necessary. Perhaps self-inflicted. Do think that after this is over, the ELT should do the honorable thing and resign. It is obvious that the ELT has lost the confidence and support of the employees, shareholders and analysts. The BOD may have to exercise their fiduciary responsibility. A new leadership is required if COP is to rebuild the confidence, trust and support from remaining employees, shareholders and the general investment community. it is time to go.
I agree the company had to do what it had to do to survive and adapt to a new energy environment. This site is designed as a venue for the casualties of that transformation to vent.
I used to be a strong believer in this company, especially after the PSX split. COP obviously didn't have any control over commodity prices, but the subsequent multiple rounds of layoffs and misdirection, empty promises and crocodile tears has eroded any trust that once existed. Best of luck motivating the remaining workforce.
I have personally witnessed an ELT member lying multiple times. That's not a word I use lightly. Once you see that, it's hard to recover your feelings of loyalty and respect.
Why care? This company is dying! It just a matter of time that there will not be a ConocoPhillips!
More focused on what?!? Ensuring we employ way too chiefs for the number of Indians left?!? Maintaining beuaracratic non- value adding processes and expanding them to secure employment for more folks we don't need? I use to care about the company, I use to enjoy being a part of it, I use to think I wanted a future here... the last few years have shown me how unfortunately inept we are at making good business decisions and actually behaving like an independent. I wish it was different, but I've lost faith and only thing I care about now is getting out of here with my severance.
You misspelled piper as pipper? You're fired.
Nope
Only the banks... What is your point? Debt to equity ratio is 75%, yes it is time to pay the pipper!
Only the banks care at this point, they want their money!