ConocoPhillips says it will cut workforce by 20-25%, shares fallSeptember 3, 2025 9:34 AMU.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce amid a broader restructuring program, a company spokesperson said on Wednesday. Shares of the company were down 4.7% to around $94. Employees received an email this morning containing a video message from CEO Ryan Lance detailing the plans, four ConocoPhillips sources told Reuters. [Read more]