Conoco Announces Houston Layoffs

摘要

ConocoPhillips, the largest US independent oil producer, said Tuesday that it would lay off up to 500 employees in Houston, about a fifth of its headquarters workforce, to match staffing with expected activity levels. Oil and gas producers have cut the value of their assets by about $80 billion and shed tens of thousands of jobs this year as the coronavirus pandemic savaged global energy demand and pushed energy prices down (OD May29’20).