All this talk of benefits, layoffs, new corporate culture is really getting amusing. There are a couple of BIG problems that COP should concentrate on rather than destroying moral further with near worthless benefits packages and layoffs. Just to give a short term boost to the stock.
In my opinion, the company now has too much in the way of �low profit margin� downstream assets. THE COMPANY NEEDS TO FIND OIL! The company really needs to put far more assets into it's upstream findings and explorations group.
Old habits are hard to break. Neither Conoco nor Phillips has made a truly major find in over 20 years. That trend had better change soon. If not, then benefits packages will be the least of our worries.
This is just my humble opinion.
Shell is rebranding their Texaco stations to Shell at a tune of Over $500+ Miln. Approximately $80k per store.
I agree Joe, COP with sell what they can and rebrand the others. I do not know the time line on t\rebranding from the Exxon/Mobil name. Shell has till 2004 on the Texaco name.
What I have seen is the Texaco station have been ran down a little. Intentionally , Is anyone's guess. But I know I will not ever stop at a Shell store.
Peace and Good will to all
GBA and GBY
Hell man that's a 90 mile trip from here. In an SUV I'd get there fill up, drive home and only have a half tank left. Nope not cost effective.
Wait a minute, we got 5 XON stations within a 1/4 of mile from the refinery. One on every major road into the refinery. One right in front COP's domestic trade office building and loading racks (west side of refinery) on a major highway.
Hess has two beautiful stations right in front of their office building (one north bound and one southbound) and not only can I can get pizza there I can also buy their new toy truck too!
Maybe COP should start selling their product under their name in New Jersey.
Why is it your answer to anything someone dosen't like something is to quit and go someplace else. What about earning what you deserve or getting benes that are decent. Come on, It takes more courage to stand and fight than run. If we all left GOD ONLY KNOWS what you guys would be getting. I can assume a whole lot less than what your getting now.