Thread regarding ConocoPhillips layoffs

Luv cheap gas. Wooo!!

Plus: low gas prices so more of us will be able to get out and enjoy life in 2026
Minus: low gas prices so more of us will have plenty of time to get out and enjoy life in 2026

COP bet on the long game with $40/bbl low COS for "decades." That's a shield not a spear that it can wield in the market. Wall St. doesn't buy that any more - dividends will be much less attractive, buybacks will be less, and more importantly that free cash flow will suffer. COP is the best house in a bad neighborhood and nobody is buying. Compared to the overall market there are other better sectors to invest in. It's a vicious cycle, OPEC isn't helping, and I would't be surprised if more layoffs happen in 2026.

@ca too many people would be spending 2-3 hours at the gym/shower/lunch every day just to make their report card seem better.

What do 9/80s have to do with anything? You could put strict controls in place to make sure that people are actually working their 9 hours a day, that may go somewhere. But if someone isn't going to work their 9 hours a day, what makes you think they will work their 8 hours a day, 5 days a week. It would be just as easy to 'cheat' that schedule.

You can try to punish the folks that properly adhere to a 9 hour workday, but all you will do is alienate them but punishing bad behavior that they weren't participating in.

Give all employees a weekly report card of hours worked and that would change some behaviors.

No more 9/80s

@OP I would think senior leadership would take the lead personally - pay cuts, stock incentive cuts, fringe benefit cuts. They would need to make it public to show they are "on the bus" w/ the EEs". They would then look for the employees to take some cuts. If not.....EEs will sink the ship.

Good news! I will be able to fill my F150 under $100. Always look on the brightside