Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation.
Benchmark Brent crude futures are down about 10.5% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to the U.S. trade policy.
Energy companies that have announced job cuts in 2024 and 2025:
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Imperial Oil
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Halliburton
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OMV
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ConocoPhillips
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SLB
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Chevron
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APA Corp
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BP
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Petronas
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Civitas Resources
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Harbour Energy
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Equinor
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Shell
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Exxon Mobil
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