I work for a competitor, how were your bonuses this year?

ConocoPhillips is cutting almost five percent of its overall work force, slashing capital spending by almost twenty percent and writing off thirty plus billions in noncash assets because of dropping energy prices...

But layoffs will start soon, the prices are depressed and I think we'll be challenged there - Conocophillips has been pretty good to me so I cannot complain, but I know that there major soft patches in our business model.

btw - check out CHK's board - there is a ton of posts there - it looks like they cut over 1,000 people over last three months or so - heavy hits this week

I can tell you that something is brewing – HR had many many meetings over last few weeks, and the pace is accelerating. Closed doors, unhappy faces, something is in the works. ConocoPhillips is doing good right now, but every time we are close to the... — read more