1 Crucial Fact Investors Must Know About ConocoPhillips
1 Crucial Fact Investors Must
Know About ConocoPhillips
When it comes to top talent…
The energy industry is facing several important
employment-related challenges in the coming years.
The industry supports an estimated 2.1 million
jobs, but could create another 1.1 million by the
end of the decade.
Mass retirement looms
On top of that need, the average age for an energy
industry employee is ~50 years old, with as many
as 40% of the world’s petroleum engineers retiring
in the next decade.
Clearly, attracting top talent will take a big
commitment from oil and gas companies when it
comes to compensating their employees.
reported that of the
companies in the
is the best one to
work for in any
industry when it
comes to 401(k) plan
compensation.ConocoPhillips HQ. Credit: ConocoPhillips.
Bloomberg’s Top Companies
RANK COMPANY SCORE
2 Philip Morris International
4 Boston Scientific
4 DuPont 79%
4 Mead Johnson Nutrition
ConocoPhillips was the only energy company in
the Top 5. Baker Hughes tied for 9th with Freeport-
McMoran and five other companies.
You don’t see another E&P on the list until Pioneer
Natural Resources shows up at #15, tied with four
9% of employees’ salary to
their individual accounts,
provided they are
contributing at least 1% of
their salary on their own.
“Our goal is to help employees replace at least 80
percent of their incomes in retirement by
providing two-thirds of what they need while they
save one-third. It’s a partnership.”
Lynn Tramel, Benefits Manager
Does this alone make ConocoPhillips a buy?
Of course not.
Is this alone a competitive advantage that positions
ConocoPhillips well going into arguably one of the
toughest hiring markets the industry has ever faced?
Absolutely, and investors need to keep that in mind.