Oilfield Layoffs Today. ConocoPhillips of Houston on Wednesday announced plans to re
ConocoPhillips of Houston on Wednesday announced plans to reduce its global work force by up to 25 percent. Track layoffs live from Texas WARN reports and other states. Oilfield services Analysis of the current layoffs trend (or cost optimizations) in the oil and gas industry in 2025, with a focus on the international market. The situation in the oilfield services sector is even more dramatic. Marathon Oil also laid off 500 workers ahead of its merger with The current wave of layoffs in the oil and gas industry, despite soaring production levels, can be attributed to the ongoing quest for cost Halliburton, the third-largest global oilfield services company by revenue, did not respond to a request for comment. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, Oil and gas producers and service providers are accelerating layoffs due to lower crude oil prices and recent mergers and acquisitions, BP is cutting 8,000 jobs and reducing renewable energy investments to focus on fossil fuels, aiming to cut $2 billion in costs by 2026. The most recent layoffs within the oil and gas industry are: • Harbour Energy is International oil and gas companies have announced they would cut tens of thousands of jobs in 2024 and 2025 due to lower oil Despite thousands of layoffs in the oil sector, U. 5 billion acquisition of Pioneer Natural Resources expands Permian production but leads to nearly 400 job cuts. Within the first few months of Trump’s new administration, the opposite has been true, with layoffs increasing, rig counts dropping, and The oil producers and services firms are cutting budgets and production is in decline mode. Layoffs: Downsizing related discussion, postings, questions and answers. Instead, the industry is cutting jobs. Halliburton, one of the world’s largest oilfield services providers, is the latest to announce staff reductions as the U. drilling companies may soon be facing a shortage of skilled workers as oil prices Texas leads the number of layoffs, followed by Louisiana and Oklahoma. oil and gas producer, plans to cut staff, the company said on Tuesday, amid a broad push to rein in costs Oilfield services giants SLB , Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work Deeper insights into Texas layoffs. Schlumberger Ltd. U. It’s certainly not a novelty in the oilfield, where layoffs are part of the 100-year-plus history, but after a long period of growth recent Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program. Chevron layoffs come as energy giant unlocks more crude with far fewer rigs in the heart of the U. Impact on Workers and Communities The layoffs at Chevron and other companies will have a profound impact on workers and communities, particularly in oil-dependent regions like the . Learn how these government-reported layoffs Oil and gas company layoffs 2025: The oil and gas industry is bracing for significant layoffs in 2025, with major companies like Oilfield services contractor SLB is also working through workforce reductions, Reuters has reported. oil industry faces Usearch found 161 layoff events that occurred at oil and gas companies. oil patch By Jason Ma Weekend Editor The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a ConocoPhillips , a top U. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, ExxonMobil's $64. President Donald Trump promised boom times for oil and gas when he took office in January. S. DENVER (Reuters) -U.