It looks like the company no longer has the capacity to attract capable, young people. Perhaps Conoco doesn't even want talents anymore?
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I’ve been around for years. From
What I hear from the young new hires who only stay 1-2 years is that many regret leaving after being gone 5 or so years. Grass isn’t always greener is a common phrase.
Talent doesn’t support the agenda or narrative. The people at the top are so concerned about keeping their job that they will sell their soul and the company’s soul to please the small but very vocal group of progressives. The golden goose will soon perish.
But now we have arcade games.
We’re good at chasing metrics but choose metrics poorly without a full understanding of the end results. We’ve chased rate of return, reserve replacement, ROCE and more recently a narrow focus on DEI. I’ve always thought we should look at long term value creation and return to the stockholder. We will naturally attract a talented and diverse workforce if we are seen as a strong company with a future.
Look at all the bright younger folks who have fled for tech or other industries over the last 2 years. Younger people recognize this company as a beached whale with a tench building up daily. They know the solution to all downturns is layoffs. They want a life of stability and career growth, not stress, bs corporate slogans, and eventual dismissal.
well explained. Notice we aren't advertising our $45 or less cost of production
And what a house of cards it is. The natural decline rates in the unconventional plays are unaware of the recent price increases. The only way to sustain production is through an acceleration of drilling projects at greatly inflated costs. Underlying OPEX is increasing at an ever accelerating rate due to inflation and the ever growing footprint of our operations. One bump in the road and it will all come tumbling down. And this time, we don't have the conventional asset base to sell and bail us out.
What house of cards are you refering to? We produce and sell a commodity that will continue to be utilized for decades and will remain scarce, or at least become more and more difficult to find.
COP does not want to attract talented people any more. It’s a sickening thought for this once great company. Nowadays there is more focus on just keeping this house of cards from falling. It’s just a matter or time but the cards will ultimately come tumbling down.
It's a commodity company.
Accounting/Logistics. That's it.
Those are very competitive fields.