Houston Oil Company Layoffs

When the global pandemic first hit, Exxon said it hoped to avoid layoffs. However, in late 2020 the company announced it would cut 700 people from its Houston workforce. Houston-based ConocoPhillips lost more than $700 million in the fourth quarter for a total loss of $2.7 billion in 2020.Feb 3, 2021

Recent News and Discussions About Houston Oil Company Layoffs

Thousands Of Oil And Gas Workers Have Been Laid Off In …

Thousands Of Oil And Gas Workers Have Been Laid Off In Houston. What’s Next?

Thousands Of Oil And Gas Workers Have Been Laid Off In ...
Apr 29, 2020 — According to filings with the state, in the last five weeks, at least 6,000 energy workers in Texas have been told they’re either laid off or …


Houston to Bear the Brunt of Big ExxonMobil Layoffs

https://www.houstoniamag.com/news-and-city-life/2020/10/exxonmobil-houston-offices-1900-layoffs

Oct 29, 2020 — According to several news sources, Irving-based oil giant ExxonMobil announced Thursday that the company will be laying off around 1,900 …


Houston-based Oil Producer Marathon Oil Confirms Layoffs

https://www.hartenergy.com/exclusives/houston-based-oil-producer-marathon-oil-confirms-layoffs-192383

Feb 11, 2021 — Marathon Oil has laid off around 100 U.S. employees, or about 5% of its total workforce, a spokeswoman for the Houston -based oil and gas …


Houston company hopes to pump new life into the oil and gas …

https://www.click2houston.com/news/local/2020/09/28/houston-company-hopes-to-pump-new-life-into-the-oil-and-gas-industry-after-state-loses-40k-jobs-amid-pandemic/

Sep 28, 2020 — Houston company hopes to pump new life into the oil and gas industry after state loses 40K jobs amid pandemic.


Oil and gas job losses in Texas were even worse than reported

https://www.houstonchronicle.com/business/energy/article/Oil-gas-job-loss-in-Texas-even-worse-than-reported-15790961.php

Dec 10, 2020 — Nearly 60,000 oil drilling, production and services workers have lost their jobs between February and August, rather than the 50,000 layoffs …


2,500 oil and gas workers in Texas lose their jobs in 10-day …

https://www.houstonchronicle.com/business/energy/article/Texas-sheds-2-500-oil-gas-jobs-in-10-days-15222066.php

Apr 23, 2020 — Houston -based NexTier Oilfield Services reported the highest number of layoffs . It cut 1,041 employees working at its headquarters, another …


Oil and gas experts believe more layoffs could happen soon …

https://abc13.com/covid-coronavirus-houston-oil-and-gas-industry/6331619/

Jul 23, 2020 — HOUSTON , Texas (KTRK) — Industry experts said with the recent spike in COVID-19 cases, and as the pandemic continues to ravage the oil and …


Analyst: Oil field services sector only in first wave of layoffs

https://www.bizjournals.com/houston/news/2020/03/26/analyst-oil-field-services-sector-only-in-first.html

Mar 26, 2020 — Schlumberger NV (NYSE: SLB) and Houston -based Halliburton Co . (NYSE: HAL) are taking steps to reduce their headcount since twin supply and …


Virus-Driven Oil Slump Spurring More Texas Oil and Gas Layoffs

https://news.bloomberglaw.com/daily-labor-report/virus-driven-oil-slump-spurring-more-texas-oil-and-gas-layoffs

Jun 11, 2020 — Two Texas oil industry suppliers are expected to start laying off up to 675 workers June 15, the latest example of workforce trimming in a …


‘A slap in the face’: The pandemic disrupts young oil careers

https://www.baltimoresun.com/coronavirus/sns-nyt-oil-industry-careers-20210104-gpewzeif2jafbodn7hoxzbiazy-story.html

Jan 4, 2021 — Even after recent layoffs , petroleum companies still employ more people … HOUSTON — Sabrina Burns, a senior at the University of Texas at …


Frequently Asked Questions

Why are oilfield workers being laid off?

The report comes as oil and gas companies are laying off thousands of employees in the face of low oil prices and a weakening outlook for fossil fuel demand amid increasing climate change actions.

Are oil companies laying off?

According to Deloitte’s 2021 Oil and Gas Industry Outlook, U.S. oil and gas companies laid off about 14% of permanent employees in 2020. More than 70% of jobs lost during the COVID-19 pandemic may not come back by the end of 2021, according to the report.

How many oil and gas jobs have been lost in Houston?

“The 60,000 jobs lost are mainly field jobs,” says Ed Hirs, an energy Fellow for the University of Houston. “You know we have laid down more than 100 rigs.

How many employees does Exxon have in Houston?

10,000 employees

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