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September 5, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--ConocoPhillips (Houston, Texas) became the latest large oil company to announce it would be cutting jobs this week when it confirmed a Wall Street Journal report that it would cut up to 25% of its workforce of about 13,000 people. Use of contractors also will be reduced. Most of the staff cuts are expected to take place this year. Other companies featured: ExxonMobil Corporation, BP Plc, Shell Plc and Chevron Corporation.
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