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ConocoPhillips to cut up to quarter of its staff as oil prices slide

Financial TimesWednesday, September 3, 2025 at 6:46:25 PM
NegativeFinancial Markets
ConocoPhillips to cut up to quarter of its staff as oil prices slide
ConocoPhillips plans to reduce its workforce by up to 25% due to declining oil prices, marking significant job losses in the sector.
Editor’s Note: This decision highlights the ongoing challenges faced by the oil industry as prices fluctuate, impacting employment and economic stability in the sector.
— Curated by the World Pulse Now AI Editorial System
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