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Analysts say that ConocoPhillips’ deep-seated layoffs demonstrate the need for capital discipline.
09 Sep 2025 00:05 GMT
… of acquisitions, including Marathon Oil, which was purchased … Ryan Lance said to employees last week. ConocoPhillips … ConocoPhillips' and Marathon Oil's capital expenditures … stream of announcements about layoffs. ConocoPhillips, after incorporating …
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Analysis-ConocoPhillips' deep layoffs highlight need for capital discipline, analysts say
08 Sep 2025 20:08 GMT
… last week it would lay off up to 25% of … 39; layoffs, which could impact up to 3,250 employees globally. … acquisitions in recent years, including Marathon Oil for $22.5 billion … meant a steady stream of layoff announcements. After incorporating Marathon, …
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ConocoPhillips to Lay Off a Quarter of its Employees
05 Sep 2025 02:37 GMT
… planning to make major layoffs to its workforce, according … outlet noted that the layoffs are a part of the … 13,000 global employees. Most of the layoffs are expected to … business in Equatorial Guinea.
Marathon Oil boasted competitive advantages through its …
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ConocoPhillips to lay off up to 25% of global workforce
04 Sep 2025 19:13 GMT
… announced Thursday that it will lay off about 25% of its … that the majority of the layoffs will happen in 2025.
… in oil prices has caused layoffs in the oil industry. … 2025.
Last year, ConocoPhillips acquired Marathon Oil. The all-stock transaction was …
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Who Owns ConocoPhillips? Oil Giant to Axe Up to 3,250 Staff in Brutal Global Layoffs as Energy Crisis Bites
06 Sep 2025 10:00 GMT
… Marathon Oil earlier this year.
Thousands of Jobs to Go
ConocoPhillips currently employs … balance sheet.
The Marathon Oil acquisition, while securing …
The integration of Marathon Oil remains a central … Crisis Impact
The layoffs and restructuring highlight …
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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
… reportedly told employees on Thursday that the decision to lay off as … about 6.7% on the layoff announcement. However, retail sentiment … Last year, the company bought Marathon Oil for $22.5 billion. … 2026. Last year, Shell laid off around 20% of its workforce …
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ConocoPhillips to slash jobs
05 Sep 2025 19:28 GMT
… to 3,250 jobs.
About 1,300 employees work in Bartlesville … 22.5 billion acquisition of Marathon Oil in 2024, Reuters reported … , have both rolled out layoffs to "refocus on … justification for slashing thousands of jobs industry-wide.
For ConocoPhillips, …
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ConocoPhillips Announces Major Layoffs—What It Means for Oklahoma
05 Sep 2025 17:53 GMT
… plan to lay off up to a quarter of their employees worldwide.
With … a job."
The reason they're cutting jobs? The … outplacement support to find new jobs. Layoffs are set to begin as … mergers - like the recent Marathon Oil integration - and tariff-driven …
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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
… added. An employee asked how people would be laid off fairly and … to retirements. TOUGH JOB MARKET The job cuts at Conoco are … related to its acquisition of Marathon Oil last year, and the … advise on the restructuring and layoff program, referred to internally …
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Oil and gas layoffs deepen as ConocoPhillips cuts its workforce
05 Sep 2025 01:58 GMT
… announced job cuts over the past year. The layoffs will … in 2024, Shell laid off 20% of its employees.
Download the SAN … In November 2024, ConocoPhillips acquired Marathon Oil for $22.5 billion, but … Mobil cut nearly 400 jobs in Texas following its purchase …