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'I fault myself for not paying more attention,' Conoco CEO tells employees facing deep job cuts
05 Sep 2025 17:16 GMT
… -ConocoPhillips CEO Ryan Lance told employees on Thursday that one of … . Lance was speaking to employees in a town hall meeting … focused on cost reductions. Employees watching the hour-long meeting … related to its acquisition of Marathon Oil last year, and the …
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ConocoPhillips to Lay Off a Quarter of its Employees
05 Sep 2025 02:37 GMT
… its 13,000 global employees. Most of the …
“This acquisition of Marathon Oil further deepens our portfolio … significant synergy potential.”
Marathon Oil became an independent exploration … in Equatorial Guinea.
Marathon Oil boasted competitive advantages through …
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Analysts say that ConocoPhillips’ deep-seated layoffs demonstrate the need for capital discipline.
09 Sep 2025 00:05 GMT
… CEO Ryan Lance said to employees last week. ConocoPhillips must … article. ConocoPhillips' and Marathon Oil's capital expenditures are … $2 billion. Lance told employees in a video last week … may mean that fewer employees are required in these …
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Michigan gas prices drop from last week
08 Sep 2025 23:08 GMT
… a Sept. 4 meeting with employees, blamed the cuts, in part … acquisitions, Reuters reported. ConocoPhillips bought Marathon Oil a year ago, and Concho …
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Analysis-ConocoPhillips' deep layoffs highlight need for capital discipline, analysts say
08 Sep 2025 20:08 GMT
… impact up to 3,250 employees globally. On top of … acquisitions in recent years, including Marathon Oil for $22.5 billion … costs, CEO Ryan Lance told employees last week. ConocoPhillips needs … In a video message to employees last week, Lance said controllable …
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ConocoPhillips to cut up to 25% of workers
08 Sep 2025 18:43 GMT
… had about 11,800 employees in 14 countries at … process, we have informed employees that a 20% to … global workforce, which includes employees and contractors, is anticipated.” … ConocoPhillips also recently finished integrating Marathon Oil, which it agreed to …
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Conoco CEO: 'I blame myself for not paying attention'
05 Sep 2025 20:10 GMT
… competitors.
Lance spoke to employees at a town-hall meeting … of the business.
Conoco purchased Marathon Oil, a smaller competitor, for $ … hall on Thursday, an employee asked about how people will … impact it has on our employees, their families, or the …
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ConocoPhillips CEO Reportedly Says M&A Focus Hurt Competitiveness, Leading To Jobs Cuts – ‘I Fault Myself’
05 Sep 2025 20:57 GMT
… Executive Ryan Lance reportedly told employees on Thursday that the decision … ; Last year, the company bought Marathon Oil for $22.5 billion. In … have also been laying off employees to save costs. Earlier this …
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ConocoPhillips to slash jobs
05 Sep 2025 19:28 GMT
… jobs.
About 1,300 employees work in Bartlesville; local … ConocoPhillips' 13,000 employees are based in Bartlesville, … 22.5 billion acquisition of Marathon Oil in 2024, Reuters reported … which usually translates into fewer employees doing the same, or …
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ConocoPhillips Announces Major Layoffs—What It Means for Oklahoma
05 Sep 2025 17:53 GMT
… to a quarter of their employees worldwide.
With refineries and operations … side, ConocoPhillips has offered affected employees 60 days’ notice, along with … mergers - like the recent Marathon Oil integration - and tariff-driven …