| Cumulative job cuts at ConocoPhillips to approach 15 pct | |
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HOUSTON, Sept 1 (Reuters) - Stung by the worst downturn in oil in six years, crude producer ConocoPhillips said on Tuesday it will trim its current workforce by 10 percent in a second round of layoffs - only months after a first round of cuts reduced staff by 5 percent. The cumulative impact of the reductions, to be felt most severely in North America, will be around 2,810 jobs, or nearly 15 percent of the 19,100 staff the company, a top U.S. independent, had at the end of last year. Conoco has 3,753 workers in Houston, its headquarters, where about 500 layoffs are expected. (Reporting By Terry Wade)
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ConocoPhillips
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CODE : COP |
ISIN : US20825C1045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 149.8 billions as of today (€ 131.2 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on March 28, 2024 at US$ 127.28. ConocoPhillips has 1 177 107 000 shares outstanding. |