Layoffs

Shell Readies Big Layoffs, Cites ‘Significant Impact’ to LNG Margins on Lagging Oil Prices

Shell Readies Big Layoffs, Cites ‘Significant Impact’ to LNG Margins on Lagging Oil Prices

Royal Dutch Shell plc’s global workforce by the end of 2022 is expected to have up to 9,000 fewer people, including 1,500 taking voluntary retirement this year, the energy major said in a third quarter update. Post-tax impairments in the 3Q2020 update were estimated at $1-1.5 billion. The preliminary report indicated that Shell expects to…

October 1, 2020
Halliburton Shutters Oklahoma Facility on Slumping Midcontinent Operations

Halliburton Shutters Oklahoma Facility on Slumping Midcontinent Operations

Halliburton Co. has confirmed it is closing a facility in El Reno, OK, and laying off close to 800 people as it consolidates its Midcontinent operations on slowing activity.

December 3, 2019

Permian E&P Approach Resources Overhauls Management Team, Replaces CEO

West Texas explorer Approach Resources Inc. has realigned its executive team, including replacing Chairman and CEO J. Ross Craft.

April 10, 2019

Devon Laying Off 300 People in Adjustment to ‘Lower-for-Longer’ Price Environment

Devon Energy Corp. on Tuesday confirmed it will reduce corporate-wide staff by about 9%, or about 300 people, as part of a commitment to streamline the business and improve returns.

April 10, 2018
U.S. Steel Idles Two Tubular Pipe Plants, Lays Off Up to 770

U.S. Steel Idles Two Tubular Pipe Plants, Lays Off Up to 770

U.S. Steel Corp. is laying off up to 770 people and idling plants in Texas and Alabama that make tubular pipe products for the energy industry.

March 21, 2016
BP Cutting 4,000 More Upstream Jobs Worldwide

BP Cutting 4,000 More Upstream Jobs Worldwide

BP plc is reducing upstream staff globally from current levels of 24,000 to below 20,000 by the end of 2017, the oil major said Tuesday. U.S. operations would be affected.

January 12, 2016

Schlumberger to Lay Off More People as Upstream Investments Disappear

Schlumberger Ltd., the world’s largest oilfield services operator, plans to reduce its workforce even more on the expectation for less activity in 2016, the president of operations said Tuesday.

December 1, 2015

Chevron Plans to Cut 162 Jobs in Pennsylvania

Chevron Corp. plans to layoff 162 employees in Pennsylvania as part of a broader move announced late last year to restructure its Appalachian business unit, a company spokesman said Friday.

January 23, 2015

Chesapeake Shrinking, More Layoffs Possible

Chesapeake Energy Corp. is restructuring in more ways than one, with more layoffs expected across the nationwide organization.

September 19, 2013

Williams CEO Says Restructuring ‘Essentially Complete’

Since the sale of $9 billion in assets, massive layoffs throughout the company and a debt burden that shook it to its knees, Williams is on the mend, reporting Thursday that it not only beat Wall Street’s earnings forecast, but also raised its full-year 2004 guidance on near-record margins in its natural gas liquids (NGL) processing business.

November 8, 2004
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