ConocoPhillips plans layoffs as part of restructuring effort following Marathon Oil acquisition [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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conocophillips.com/investor-relations/investor-presentations
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Source: Yahoo! Finance
streamline operations following the company's $23bn acquisition of Marathon Oil, reported Reuters , citing sources. The oil and gas sector is currently grappling with financial challenges as companies struggle to maintain profitability with oil prices around $63 per barrel. The planned layoffs at ConocoPhillips reflect wider industry trends, with other oil giants such as Chevron and SLB also announcing job cuts earlier this year. To guide its restructuring, ConocoPhillips has enlisted the services of Boston Consulting Group, the report said. The internal project, dubbed 'Competitive Edge', aims to centralise certain functions and reorganise both operational and corporate sectors. "We are always looking at how we can be more efficient with the resources we have. As part of this process, we have informed employees that workforce reductions are anticipated," a ConocoPhillips spokesperson was quoted as saying. The specifics of the layoffs are expected to be disclosed in the fo
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News
- ConocoPhillips (NYSE:COP) had its "buy" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- 3 Reasons to Buy ConocoPhillips Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (COP) Valuation Check as Shares Grind Higher but Trail Over the Past Year [Yahoo! Finance]Yahoo! Finance
- How strong is U.S. shale for 2026? [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE:COP) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/3/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- COP's page on the SEC website