ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. I can guarantee once the acquisition is completed heads are going to be on the chopping block. —  They only looked out for themselves. Before it's here, it's on the Bloomberg Terminal. It's concerning that COP staff seem to have such disdain for their own company, especially the SPIRIT values. A governor who wants to end Oil & Gas. Cons. Anyone heard any other news/rumors of buyout? January 20 , 2021. January 18 , 2021. Nobody knows what the future holds anymore. But so far CEO Ryan Lance has given no indication of a major ramp up. Management tries to be "good" but you can tell a lot of what they do is because they have to cover themselves. The average salary for Concho Resources employees is $89,400 per year. read more. Things are looking horrible - Concho Resources may have layoffs soon... No Buyout! ... $63 billion of total assets, and approximately 9,700 employees at June … ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. The lazy employees are either protected by poor management or recognized for doing what they do NOT do. Just a Merger.........PXD here we come! All 55 and older are being offered VSPs. Interactive chart of Concho Resources (CXO) annual worldwide employee count from 2007 to 2020. Concho Resources Salaries. … Thomas Greco has an approval rating of 63% among Concho Resources' employees. The media mostly writes about the consequences that a possible acquisition would have for ConocoPhillips, but there is no mention of what that acquisition would bring us. —  Concho is a great place to work, however, upper management allows team leads to much freedom to do as they please with their teams employees. Everyone will get laid off, take the package and run. If you could leave Concho right now, where would you go? But the company is not immune from the slump and has reduced production 22% over the past year, meaning fewer employees are needed. December 2, 2020 The approaching takeover of Concho Resources Inc. by ConocoPhillips will apparently lead to the layoff of nearly one-fourth of the workers at ConocoPhillips headquarters in Houston. read more, Concho is not what is purports to be in a highly recognized BEST WORKPLACE company. They got the same great packages, will you? ConocoPhillips Commences Exchange Offers and Concho Resources Inc. Commences Consent Solicitations. Never ever did this company prove true to what I was offered at hiring as far as what I was offered... bonus, stock, advancement vacation, etc all was B.S. To put it bluntly, make sure to have a contingency plan in case your head is on it. +0.61 +1.15% ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts … Good luck. Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. read more. Responding to warnings of potentially violent demonstrations, governors across the nation are calling out National Guard troops, declaring states of … Now that's a whole lot of layoffs right there. ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021. Are these rumors of buyout in January solid? Unethical hiring and promotion practices, unsafe work environment for field employees, encouragement of unhealthy competition with in teams. Shale drillers are staring down the barrel of the worst oil bust yet. Concho Resources has 1,453 employees across 6 locations and $4.59 B in annual revenue in FY 2019. Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. Not good at all. HR does not take employees serious when filing a complaint. Fox News - 20+ January 19 , 2021 . read more, Just got word that the layoffs have begun here at the Office! At least 500 Conoco Phillips employees could be laid off early next year. FILE – In this Tuesday, Sept. 25, 2018, file photo, then-Michigan Gov. —  Permian Basin. Worried about my job and family. Concho Resources total number of employees in 2019 was 1,453, a 3.33% decline from 2018.; Concho Resources total number of employees in 2018 was 1,503, a 24.94% increase from 2017.; Concho Resources total number of employees in 2017 was 1,203, a 10.88% increase from 2016. promises and I turned down another offer with a much better... Messages relating to layoffs at Concho Resources Inc. are presented below the company info. Concho management greatly values their team and wanted to provide top-notch amenities for their employees’ well-being and satisfaction. If they freeze the pension what the hell does that mean for us? Visiting from the ExxonMobil (XTO) board. Morale is extremely low, no turning back. Hopefully they’ll offer a relocation package.... As a ConocoPhillips’s employee I’ll offer you some insight into our new company. Any rumors on what severance package may look like? You can filter them based on skills, years of employment, job, education, department, and prior employment. Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! What about... Rick Snyder speaks with reporters during a news conference at his office in Lansing, Mich. Former Michigan Gov. Concho is a great place to work, however, upper management allows team leads to much freedom to do as they please with their teams employees. “The process to determine the exact number of impacted employees is ongoing,” the company said. Any Idea what Severance packages look like? Years of service calculation for severance? read more, I have been reading between CXO and COPs pages in here. —  Concho Firings I think the overall consensus is that we all know these “layoffs” are happening. Why am I reading about this on other boards and not this one? —  ... $63 billion of total assets, and approximately 9,800 employees … Tough for the others. Ironically concho never thought they would ever catch the lay-off game. They are doing everything to maintain their image rather than... —  How Concho is going about it though is a total embarrassment, if the layoffs are necessary then fine call it that and give your employees packages and help them along... — read more Concho … ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. Affected staff to be notified from Feb. 1, will get severance, Conoco says it’s cutting jobs in line with future activity. The accounting department is extremely stressful, but the people are all very nice. read more, if you moved from a different company to Concho do the years of service at previous company carry forward to concho? Have a confidential tip for our reporters? You're put on a "tryout" period where you are a "contractor" getting paid by another company that does jobs for Concho. And that is a horrible experience in itself. Conoco emerged as one of the stronger independent oil producers from this year’s pandemic-driven price crash with almost $7 billion of cash on hand at the end of the third quarter. General Motors Co said Monday it will layoff 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee. Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! What’s the word friends? Biden pulls Keystone Line's Permits - Layoffs to begin. Toxic team and management environment. This company has thought of every way to make life for the employees as convenient as possible, from the company daycare, to the on-site medical staff and 24 hr workout facility. Ok hired almost 10 years ago. The … ConocoPhillips plans to lay off about a quarter of its Houston employees after the nation’s largest independent oil producer acquires rival Concho Resources early next year. Aramark East Carolina University NC - 440 . Well the saying every dog has there day... welcome to the club COG. The biggest question in all of this unknown. Guess what.... no body is immune in this market. At least 500 Conoco Phillips employees could be laid off early next year. Visit PayScale to research Concho Resources salaries, bonuses, reviews, benefits, and more! “We have been transparent with employees that targeted workforce reductions in certain areas of our business may be necessary from time to time to align organizational capacity with expected future activity levels,” Conoco said. The acquisition of Concho will make Conoco a major player in the Permian Basin, the world’s biggest shale field, and gives the company the option of growing production in the future. Is the grass any... —  (1) For your career and annual ratings/rewards, it’s better to look good than be... Sad. So bad, upper management forcing people to attend the holiday party and taking names if not attending. I hate being someone who worries, but does anyone got the facts????? Concho Resources Inc. is an independent exploration and production company engaged in the acquisition, development and exploration of oil and natural gas properties. And don’t forget (because our managers and leaders won’t) WE are taking over YOU. Will you get treated the way we treated companies we bought? Most stressful place I've ever worked at. Since last Wednesday, rumors have been flying that mega-independent ConocoPhillips COP -5.7% is on the verge of making a deal to purchase fellow independent Concho Resources, holder of … Most stressful place I've ever worked at. Co-workers were awesome and willing to help when in need. —  —  Micromanagement from highest levels, insecure managers, no strategic planning. read more. USD/bbl. HOUSTON--(BUSINESS WIRE)--Jan 15, 2021--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies.“We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it … Glad to be at Concho right now. ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. read more. When the cuts are made and the Midland dust settles (jk, we all know it doesn’t ever settle)........... will the Joe Cone still be there for us? I see all these rumors but people keep saying they're BS. Seems like that buildings in SE NM could be for sale soon. Pretty sad. As of Dec. 31, 2019, Concho had 1,453 employees. The other departments in Concho seemed to be very happy and satisfied with their jobs. I just wish I get my job back. In 2018, bought RSP with 9.5B, and 2 yr later, sold out for 9.7B. Getting a littled worried, heard some rumors of layoffs here in the Permian Basin. When did we get to this point? It would help a little... Who knows what happens after that. 1,453 (2019) Website: www.concho.com: Footnotes / references: Concho Resources Inc. is an American energy company engaged in hydrocarbon exploration, incorporated & organized in Delaware and headquartered in Midland, Texas, with operations exclusively in … Last month he pledged to only reinvest 70% of the company’s cash flow in capital spending, indicating a conservative approach to new drilling. read more. 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