Conocophillips | Layoff Event
Summary
ConocoPhillips confirmed on September 3, 2025, plans to lay off 2,600 to 3,250 employees and contractors worldwide, representing 20% to 25% of its total workforce. The company stated these cuts are part of broader cost-cutting efforts.
Layoff Details
- Reason
- Broader efforts to cut costs
- Affected Locations
- worldwide
- Job Levels Affected
- employeescontractors
- Rehire Timeline
- Most reductions expected before end of 2025
Market Impact
Significant layoffs in the oil and gas sector, especially from a major player, can reflect strategic shifts in response to market conditions, energy prices, or a focus on operational efficiency.
Industry Context
The oil and gas industry, like many others, is undergoing restructuring and cost-cutting measures, potentially influenced by global economic factors and the drive for efficiency.
Company Info
- Industry
- Oil & Gas E&P
- Headquarters
- Houston, TX, United States
- Total Employees
- 11,400
- Stock
- COP
- Market Cap
- $107.30B
Disclaimer
Data aggregated from public sources including WARN notices, SEC filings, press releases, and news reports. While we strive for accuracy, information is provided "as-is" for informational purposes only. Always verify critical information with official sources.
This information does not constitute investment, financial, legal, or career advice. See our Terms of Service, Privacy Policy, and About page for more information.
Found an error? Report it here.