Thread regarding ConocoPhillips layoffs

ConocoPhillips during 2020

Just a friendly reminder that COP didn’t have any massive layoffs like most O&G companies had in 2020. We, in a year were the barrel went to negative numbers, did not let go people. I am very thankful for that. Let’s also think, that in a year when companies are going bankrupt, we are growing. I understand that today is not fun, But It is not to blame anyone, actually, I am still thankful for been able to keep my job in 2020, and stay hopeful that I will keep it for many more years. It is true that COP went trough big restructuring between 2015-2018, that we probably suffered more layoffs than a lot of others O&G companies, but we need to understand it was long overdue, and all that big restructuring help us to be healthy financially in 2020. And buy/merge with a great company with Concho.
Remember this a O&G company, and like any company is facing a world pushing for renewable energy, so more changes are coming, and if we don’t like them, probably we need to leave and don’t wait for layoffs.

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| 3721 views | | 7 replies (last February 4, 2021) | Reply
Post ID: @OP+193C4F8x

7 replies (most recent on top)

I can’t even believe this ConocoPhillips has changed for the worst so much. How can you even say you did layoff anybody in 2020. Bull sh– Conoco laid off all the contractors changed all the contractors rates. I can’t believe they treat contractors like this.

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Post ID: @cgvj+193C4F8x

COP and the rest oil and gas industry pay way more than the average income.

If you are unable to pay your bills if you were to be let go, might indicate that you have too much debt. Which is crazy to believe because of COP salaries. I would recommend Dave Ramsey to help get you in a better financial position.

Reminder the Oil and Gas industry is cyclical and you need to prepare for that and not take anything for granted.

Hope this helps!

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Post ID: @2gvs+193C4F8x

Oh good. Here come the nutters to tell us all is well as were marched out the door to face the bill collectors.

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Post ID: @2zem+193C4F8x

The ELT just put off what would've been done in 2020 to coincide with the Concho acquisition. This game of musical chairs will only continue as some of our core assets enter the downward slope of their project life and the industry begins to face some significant headwinds.

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Post ID: @tzt+193C4F8x

Believe me! I am not even close to be safe! But I wasn’t let go in 2020! Just imagine being let go in 2020 with millions of people. Anyway, a culture change starts with us.

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Post ID: @cok+193C4F8x

Unbelievable example of tone deafness. Clearly written by someone who not only knows they're safe, but also enjoys this game of musical chairs we've been playing since at least 2015.

If anyone needs to leave it's you and people who think like you!

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Post ID: @beq+193C4F8x

Nice try, Spin Doctor. The plans were in the making for the past couple of years. Instead of doing one round in 2020 and then another in ‘21, the ELT opted to do a blitz strike in ‘21. You know that the merger took months to years of planning, right? Or are the rose colored glasses and mind altering psychotropics you ingest every morning blurring your vision and dulling your brain stem to the point of no return?

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Post ID: @sau+193C4F8x

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