(Reuters) -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 11.6% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to the U.S. trade policy.

A snapshot of energy companies that have announced job cuts in 2024 and 2025:

Company Description Layoff/Job % of Total

Cuts Workforce

ConocoPhillips The U.S. oil company Unknown Unknown

said it is laying off

employees at its

Canadian operations,

according to three

sources and a company

memo reviewed by

Reuters, as it moves

to cut up to a quarter

of its global

workforce by next

year.

The memo did not

specify how many

layoffs would take

place but said they

would begin in the

first week of

November.

Exxon Mobil The energy major told 2,400 3% to 4%

Reuters in an emailed

statement it will lay

off 2,000 workers

globally as part of a

long-term

restructuring plan,

affecting about 3% to

4% of the company's

global workforce.

Last year, it

announced plans to cut

nearly 400 jobs in

Texas following its

purchase of shale

producer Pioneer

Natural Resources,

according to a

regulatory filing.

Imperial Oil The Canada-based Unknown 20%

company said it would

cut its workforce by

about 20% by the end

of 2027, part of a

major restructuring

that would eventually

shutter most of its

presence in the

oil-and-gas city of

Calgary.

Halliburton  The oilfield services 290 Unknown

provider has been employees

cutting staff in in

recent weeks, Argentina

according to two

sources familiar with

the matter.

In February, an oil

and gas workers' union

in Argentina's

oil-rich Chubut

province threatened to

strike after

Halliburton laid off

hundreds of workers

and decided to close

its local office.

OMV The Austrian oil, gas 2,000 8.6%

and chemicals group

plans to cut 2,000 of

its 23,000 worldwide

staff, the Kurier

newspaper reported.

ConocoPhillips It will cut 20-25% of Unknown 20%-25% 

  its workforce amid a

broader restructuring

program, Reuters

reported, citing a

company spokesperson.

SLB  The company is Unknown Unknown

reorganizing certain

functions within its

business and

continuing to reduce

its workforce,

according to a source

familiar with the

matter and an internal

email seen by Reuters.

Chevron  It will lay off 15% to Unknown 15%-20%

20% of its global

workforce, the U.S.

oil company said in

February during an

internal employee town

hall meeting,

according to a source

familiar with the

matter.

APA Corp  It has cut nearly 300 300 nearly 15%

employees globally in

January and late

February, the company

confirmed to Reuters

in May.

BP  British oil major BP 7,000 5%

will cut over 5% of

its global workforce,

it said in January, as

part of CEO Murray

Auchincloss' efforts

to reduce costs and

rebuild investor

confidence in the

energy giant.

Petronas Malaysian state energy Unknown 10%

firm Petroliam

Nasional, or Petronas,

will retrench about

10% of its workforce

in a restructuring

exercise, its chief

executive said in

June.

Civitas It will reduce 10% of Unknown 10%

Resources  its workforce in a bid

to enhance and

streamline its

organizational

structure, the company

said in February.

Harbour It is set to cut 250 250 Unknown

Energy  jobs, approximately a

quarter of the

workforce at its UK

unit based in

Aberdeen, the company

said in a statement in

May.

Equinor  Last year, it had 250 Unknown

announced plans to lay

off some 20% or about

250 people from its

renewable energy

division after scaling

down its offshore wind

plans. 

Shell  Last year, Shell had Unknown 20%

announced plans to

scale back its oil and

gas exploration and

development workforce

by 20%, after deep

cuts in renewables and

low-carbon businesses.

(Reporting by Sumit Saha, Pranav Mathur, Tanay Dhumal, Nerijus Adomaitis, Pooja Menon and Katha Kalia; Editing by David Gregorio, Nivedita Bhattacharjee, Sriraj Kalluvila and Krishna Chandra Eluri)