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ConocoPhillips Message Board

  • lgsnuforce lgsnuforce Nov 5, 2002 4:09 PM Flag

    Where�s the OIL?

    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.

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