U.S. Oil Majors Slash Jobs Despite Trump's Fossil Fuel Push [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
conocophillips.com/investor-relations/investor-presentations
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Source: Yahoo! Finance
As the United States President Trump administration encourages oil and gas companies to increase production, introducing a wide range of policies to support the expansion of fossil fuels, several U.S. companies are announcing widespread job cuts. Despite major oil and gas production expansion in the U.S. over the last few years and the potential for further growth, several oil majors have been forced to cut thousands of jobs over the last year. Since the Covid-19 pandemic, we have seen the era of the “megamerger”, with several U.S. oil majors acquiring smaller companies and expanding operations at home and abroad. Since 2023, Chevron, Exxon, ConocoPhillips, and Occidental have all acquired smaller fossil fuel companies to increase their production capacity. However, in recent months, many of these oil giants have been forced to lay off thousands of workers in the face of lower oil prices to cut costs. In September, Texas-based ConocoPhillips announced plans to cut up to 25 percen
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News
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COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/23/25 - Form 4
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- COP's page on the SEC website