ConocoPhillips Plans Large Layoffs, Potentially Slowing or Reversing Alaska’s Oilfield Jobs Growth

ConocoPhillips plans large layoffs, potentially slowing or reversing Alaska’s oilfield jobs growth

The ConocoPhillips Alaska Inc. building in Anchorage is seen on June 28, 2023. (Photo by Yereth Rosen/Alaska Beacon)The top oil-producing company in Alaska is planning significant layoffs, it announced last week. In a series of statements, the oil giant ConocoPhillips said it will be firing between 20% and 25% of its global workforce of about 13,000 people. That would mean between 2,600 and 3,250 layoffs worldwide. “We are always looking at how …

ConocoPhillips’ Deep Layoffs Highlight Need for Capital Discipline - Energy News, Top Headlines, Commentaries, Features & Events

ConocoPhillips must sharpen its focus on capital discipline and investment priorities in order to regain its competitiveness against peers as oil prices and revenues fall, investors and analysts said, after the company announced last week it would lay off up to 25% of staff to cut costs. The third-largest U.S. oil producer joins majors Chevron and BP, ...

ConocoPhillips plans large layoffs in Alaska

The ConocoPhillips Alaska Inc. building in Anchorage is seen on June 28, 2023. (Photo courtesy of Yereth Rosen/Alaska Beacon) The top oil-producing company in Alaska is planning significant layoffs, it announced last week. In a series of statements, the oil giant ConocoPhillips said it will be firing between 20% and 25% of its global workforce of about 13,000 people. That would mean between 2,600 and 3,250 layoffs worldwide. “We are always looki…

ConocoPhillips plans large layoffs, potentially slowing or reversing Alaska’s oilfield jobs growth - Chilkat Valley News

The top oil-producing company in Alaska is planning significant layoffs, it announced last week. In a series of statements, the oil giant ConocoPhillips said it will be firing between 20% and 25% of its global workforce of about 13,000 people. That would mean between 2,600 and 3,250 layoffs worldwide. “We are always looking at how we can be more efficient with the resources we have. As part of this process, we have informed employees that a 20% …

ConocoPhillips’ deep layoffs highlight need for capital discipline, analysts say

ConocoPhillips must sharpen its focus on capital discipline and investment priorities in order to regain its competitiveness against peers as oil prices and revenues fall, investors and anal...