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Exclusive-ConocoPhillips says it will reduce workforce by 20-25%
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Exclusive-ConocoPhillips says it will reduce workforce by 20-25%
Sep 3, 2025 8:04 AM

HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips ( COP ) will cut 20-25% of its workforce, a company spokesperson said Wednesday. 

Employees received an email this morning containing a video message from CEO Ryan Lance detailing the plans, three sources told Reuters. The company is set to hold a townhall meeting on Thursday morning at 9 a.m. central time, the sources said. 

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