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Photo by: Mark Mulligan, Houston Chronicle / Staff photographer
The Houston-based oil giant ConocoPhillips plans to lay off as many as 3,000 people globally, the company announced last week.
A majority of the cuts are expected to take place this year, the company said in a statement, according to a report by our energy journalist Rachel Nostrant. The move comes after months of speculation of more layoffs following the company's merger last year with Marathon Oil, which triggered sweeping job cuts across Marathon's own workforce in Houston.
Consolidation within the oil and gas industry has cost thousands of workers jobs over the last few years, as the trend of oil giants swallowing smaller companies continues to escalate.
More energy news
Photo by: Jason Fochtman, Staff Photographer
Entergy Texas, the electric utility for Houston’s fastest-growing suburbs, says new power supply is urgently needed to keep up with the region’s expansion.
Read More
 Photo by: Jacy Lewis/Reporter-Telegram, Associated Press |
Oil companies are telling investors they are expecting billions of dollars in tax benefits over the next three years, thanks to President Trump's One Big Beautiful Bill. Read More |
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 Photo by: Julia Demaree Nikhinson, Associated Press |
President Donald Trump and his Republican allies are blocking new power plants, just as demand for electricity is rising quickly. Read More |
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 Photo by: Jon Shapley, Staff Photographer |
Companies are anxious about various Texas bills that would've limited wind and solar energy, even though they failed to become law this year. Read More |
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 Photo by: Mark Mulligan, Mark Mulligan / Houston Chronicle |
Houston's emissions and extreme weather vulnerability make it "ground zero for climate change," according to local critics of a proposed end to the EPA's endangerment finding. Read More |
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 Photo by: Elizabeth Conley, Staff Photographer |
Eight Texas counties across the Permian Basin rounded out a list of ten responsible for about 93% of the country's oil growth over the last four years. Read More |
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 Photo by: Railroad Commission |
The Railroad Commission is taking applications for its task force on oilfield theft. Read More |
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Photo by: Lauren Mitchell
What We're Reading
Trump says America’s oil industry is cleaner than other countries’. New data shows massive emissions from wells in Texas, ProPublica and Inside Climate News report.
