U.S. Oil Patch Sheds Jobs as Producers Face Weaker Prices [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
to lower oil prices with slowing drilling activity and greater efficiencies through consolidation and cost cuts. Employment in the industry fell by 1.7% in August, per data from the Bureau of Labor Statistics (BLS) cited by Bloomberg In contrast, total U.S. nonfarm payroll employment changed little in August and has shown little change since April, BLS said in its most recent publication. In August, employment in mining, quarrying, and oil and gas extraction declined by 6,000 after changing little over the prior 12 months, the BLS data shows. The number of jobs in the oil and gas sector has fallen to levels last seen in 2022, when the shale patch faced another oil glut. This year, oil prices have declined by about 12% year to date, and analysts and industry executives expect there is room for further slides amid a market oversupply expected to materialize as soon as the fourth quarter. U.S. oil producers are on the hunt for consolidation, synergies, efficiencies, and cost cu
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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