XLE & Oil

ConocoPhillips announces Canadian job cuts as restructuring continues

Oil & Gas 360·Oct 26, 2026 · 12:30 PM CT
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ConocoPhillips will cut jobs in Canada starting Tuesday, Oct. 27, affecting employees and contractors, as it continues restructuring after its Marathon Oil acquisition. The company did not say how many positions are affected; in 2025 it outlined plans to cut its global workforce by 20% to 25%.

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