Robert Stewart
North America Correspondent at Upstream
Analysis

What’s behind the job cuts by oil majors this year?

Though many factors at play for operators, lower oil prices are ‘forcing their hand’, as one analyst told Upstream

Oil and gas heavyweights ExxonMobil, BP, Chevron, ConocoPhillips and Petronas together have revealed job cuts of about 21,800 workers, according to an Upstream tally of their confirmed reductions.
Oil and gas heavyweights ExxonMobil, BP, Chevron, ConocoPhillips and Petronas together have revealed job cuts of about 21,800 workers, according to an Upstream tally of their confirmed reductions.RYTIS DAUKANTAS/UPSTREAM
Published 1 October 2025, 14:51Updated 1 October 2025, 14:51
ExxonMobilChevronShellConocoPhillipsPetronas