ConocoPhillips says it will reduce workforce by 20-25%

by Reuters Sep 03, 2025

U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce, a company spokesperson said Wednesday.

ConocoPhillips CEO Ryan Lance speaks on stage as top energy executives and ministers meet for the annual Gastech conference, in Houston, Texas, U.S., September 17, 2024. REUTERS/Callaghan O'Hare

Employees received an email this morning containing a video message from CEO Ryan Lance detailing the plans, three sources told Reuters. The company is set to hold a townhall meeting on Thursday morning at 9 a.m. central time, the sources said.

Reuters

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ConocoPhillips says it will reduce workforce by 20-25%

Reuters

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