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NEWS 09/03/2025

ConocoPhillips Plans to Cut Up to 25% of Its Workforce

ConocoPhillips will cut 20–25% of its global workforce, or up to 3,250 jobs, as part of a major restructuring, the company confirmed. Shares fell 4% after CEO Ryan Lance detailed the plan, citing rising costs and pressure from lower oil prices. Most cuts will be completed before year-end.