Low Oil Prices Prompt ConocoPhillips to Review Workforce Needs

ConocoPhillips warned that reductions should be expected at the company due to low oil prices, a company spokesperson told Rigzone in an email statement.

The layoffs, which will affect all areas of the company, will be driven by lower exploration and production activity due to low oil prices, the spokesperson said.

Tulsa World reported that ConocoPhillips has started laying off employees at its former corporate home in Bartlesville, Oklahoma, due to the persistent fall in crude oil prices. The company has also laid off workers from its Alaskan operations, KTUU-TV reported Tuesday.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Lead Training Advisor Mozambique LNG
Expertise: HR - General
Location: The Woodlands, TX
 
Quality Administrator II
Expertise: Secretarial or Administrative
Location: Panama City, FL
 
Data Processing Clerk
Expertise: Document Control
Location: United States of America
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours