|
|
| Newfield Exploration Company - Our People |
|
 |
"People" make the difference at Newfield. Their diverse experiences and skill sets provide a competitive advantage in our operations. A cross section of our employees reveals backgrounds from major oil companies, small and large independents, private oil and gas companies and recent college graduates. We have an active intern and recruitment program to attract the best and brightest minds in scientific and technical fields recruited from leading colleges and universities. Employees are empowered to make decisions and capture opportunities with a focus on profitably growing reserves and production to create long-term shareholder value. Although we have grown rapidly, we work hard to preserve our unique culture.
Equity Ownership
We want our employees to act like owners. To achieve this, we reward and encourage them through equity ownership and incentive compensation based on performance and profitability. A significant portion of our employees' compensation is discretionary and performance-based.
Peer Review Process
Another unique attribute is the Company's Peer Review Process. Before oil and gas prospects are drilled, they are presented to Newfield's technical employees. Employees question, critique and offer suggestions based on their past experiences with similar prospects and fields. Their relative experience helps add quality to this unique process. Following the presentation, employees are able to vote on which prospects are drilled and not drilled. Essentially, they are voting their shares of Newfield stock. The high component of employee ownership makes this an effective process. Employees recommend the wells that have the best chance of adding value for Newfield shareholders.
|
 |
|
|
