News

ConocoPhillips says it will lay off up to 25% of its workforce, impacting thousands of jobs
Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs
ConocoPhillips to lay off up to 25% of global workforce
Oil giant ConocoPhillips announced Thursday that it will lay off about 25% of its workforce globally as part of a restructuring. Lower oil prices contributed.
Exclusive: ConocoPhillips says it will cut workforce by 20-25%, shares fall
U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a morning video message.
ConocoPhillips says it will cut workforce by up to 25 per cent
Houston-based ConocoPhillips will announce details on Thursday to reduce its workforce by 20 to 25 per cent as part of a broader company restructuring plan.
ConocoPhillips announces mass company layoffs Wednesday
Houston, Texas-based energy giant ConocoPhillips announced Wednesday a major turn in the company’s restructuring to cut costs. What we know so far:
ConocoPhillips to lay off up to 25% of its workforce
ConocoPhillips is cutting up to 25% of its workforce as part of a broad restructuring, a company spokesperson told CSP on Wednesday. CEO Ryan Lance detailed the plans in a morning video message, according to Reuters.
ConocoPhillips to lay off up to 25% of workforce in global restructuring
Following the announcement, ConocoPhillips' stock price dropped approximately 4 percent. The company has already identified more than $1 billion in cost and margin optimizations, building on savings garnered from its Marathon Oil acquisition and other cost-cutting actions.
ConocoPhillips to begin layoffs as early as Nov 10, company says in state notice
U.S. oil producer ConocoPhillips will begin company-wide layoffs as early as Nov. 10, the company said in a state notice sent to some employees on Thursday, seen by Reuters. On Wednesday, Reuters repo
ConocoPhillips plans to lay off 20-25% of its worldwide workforce
The impact in Bartlesville, which has about 1,000 ConocoPhillips employees remaining following the company's move to Houston more than a decade ago, is not yet known.
Oil and gas layoffs deepen as ConocoPhillips cuts its workforce
ConocoPhillips will lay off 20-25% of its workforce, joining a growing number of oil and gas companies that have announced job cuts over the past year. The layoffs will affect up to 3,250 workers as the company restructures,

The Biggest U.S. Oil Companies Are Eliminating Thousands of Jobs

In the last couple of years, the largest U.S. oil companies gobbled up smaller ones. Now, contending with persistently ...

ConocoPhillips says it will slash as much as 25% of workforce — sending oil giant’s shares tumbling

A fall in oil prices has put ConocoPhillips and its rivals under pressure this year, forcing them to cut staff, curb capital ...