ConocoPhillips Plans Layoffs as Part of Broad Restructuring - Energy News, Top Headlines, Commentaries, Features & Events

Businesses are working on layoff scenarios amid trade war unrest.

ConocoPhillips Set to Cut Jobs in Major Restructuring Effort

According to Reuters energy major ConocoPhillips says it will cut staff as a major result of its $23 billion purchase of Marathon Oil. ConocoPhillips teams up with Boston Consulting Group to run the “Competitive Edge” project which aims to simplify activities while trimming expenses from their headquarters in Houston. ConocoPhillips needs to lower staff numbers...

ConocoPhillips plans layoffs as part of restructuring effort

ConocoPhillips has announced plans to reduce its workforce as part of a broader initiative to cut costs and streamline operations.

ConocoPhillips Plans Layoffs as Part of Broad Restructuring - Energy News, Top Headlines, Commentaries, Features & Events

ConocoPhillips, a top U.S. oil and gas producer, plans to cut staff, the company said on Tuesday, amid a broad push to rein in costs and streamline operations after its $23 billion buyout of rival Marathon Oil. The job cuts are the latest sign of pain in the oil and gas industry, which is facing ...

Layoffs Coming as ConocoPhillips Streamlines Operations

In a stark reminder of the volatile energy landscape and the relentless drive for operational efficiency, ConocoPhillips has confirmed plans to cut staff later this year. The announcement comes on the heels of its $23 billion acquisition of Marathon Oil—a deal that transformed ConocoPhillips into an even more formidable player in U.S. shale but now requires the company to make tough choices amid turbulent market conditions. Although ConocoPhilli…