Chevron’s Layoff Announcement in December: 122 More Job Cuts to Take Place in Bakersfield Chevron Corporation (NYSE:CVX) is sending hundreds of employees into Christmas either without jobs or with the possibility that their jobs may be cut in 2018. The Chevron layoffs are part of a restructuring process as the oil company finds a way to adapt to (more…)
Are More ConocoPhillips Layoffs on the Way After Budget Cut? One of America’s largest oil companies, ConocoPhillips, has slashed its capital budget by 10%, sparking fears of possible ConocoPhillips layoffs in 2017. ConocoPhillips released its third-quarter earnings on Thursday, which beat analysts’ estimates. However, the company later dropped a bombshell, saying it was planning to slash its (more…)
One of the biggest oil exploration companies, ConocoPhillips, is laying off an as-of-yet undisclosed number of employees at its facility in Bartlesville.
Rowan Companies PLC, (NYSE:RDC) a Houston-based global offshore contract driller, has announced plans to axe additional jobs on its Rowan Reliance drillship, which has been under contract to Cobalt International Energy, Inc. (NYSE:CIE).
Oil Has Yet to Recover as Energy Companies Struggle at Current Prices Eagle Energy Inc (TSE:EGL) is looking to shed 16% in costs this year, starting with a significant cut to the CEO’s pay, but may eventually end up with job losses.
Energy XXI Gulf Coast Inc (NASDAQ:EXXI) announced that it is cutting 18% of its workforce in an effort to stem the bleeding as it combats weak oil prices, falling demand, and a global glut of crude.