International oil and gas companies have announced they would cut tens of thousands of jobs in 2024 and 2025 due to lower oil prices and as they consolidate after the biggest wave of mergers and acquisitions in the industry for decades. Benchmark Brent crude futures have fallen in 2025 as OPEC+ increases output and amid economic uncertainty due to U.S. trade policy. Here are some of the oil and gas companies that have announced job cuts in 2024-2025: Company Description Layoff/Job % of Total Cuts Workforce ConocoPhil It will cut 20-25% of Unknown 20%-25% lips its workforce amid a broader restructuring program, Reuters reported, citing a company spokesperson.Read More
