Company does not know what it is doing and has no clear plans for the future - Technical Staff Newfield Exploration Employee Review

Extremely high turnover rate. I have seen hapless junior employees left floundering then fired. Many of the positive reviews here are from people in commercial functions (HR, IT, Accounting etc) who have no clue how the oil & gas industry actually works. The company is transitioning to entirely unconventional assets; asset portfolio is not diversified. The company is hedging all bets on unconventional plays but has not come up with any new areas to work, yet is not willing to make full use of assets the company already owns. They came in too late in the game for the Marcellus shale, etc. Company seems to be downsizing and losing experienced staff - they recently sent out company-wide retrenchment packages. Low stock price makes company liable to be bought out. Management afraid to take risks but exploration is by nature a risky business. There is no real company culture with the high turnover rates, and whether or not someone is a 'fit' for the company is just an excuse for management to fire employees they dislike.