Oil Giant ConocoPhillips Cuts 25% Of Its Workforce
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最新报道：ConocoPhillips is cutting 25% of its workforce, or about 2,950 jobs, to achieve efficiencies amid slumping crude prices, with most layoffs completed by year-end. The company, which employed 11,800 workers at the end of 2024, is also finalizing its $22.5 billion acquisition of Marathon Petroleum. This follows Chevron's earlier announcement of 15-20% workforce reductions. Brent crude trades at $66.61 per barrel, while WTI is at $62.93, with oil producers bracing for further price declines as OPEC+ plans production increases. COP stock has fallen 5% this year to $94.65 per share.
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