Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut 10 percent of global workforce

ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Canada’s Penn West to cut workforce 35 percent, slash spending

The firm’s board of directors will also take a cut in compensation, as its board chair’s annual retainer will be cut in half and other directors will have retainers reduced by 40 percent.

Penn West will scrap dividend, fire one-third of its workers

The company is cutting more than 400 employees, including full-time workers and contractors, it said in a statement Tuesday.
(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
Shirley Fuller drives for Uber Friday, Aug. 7, 2015, in Houston. Fuller was laid off from her job at a valve manufacturing company March 25. She is one of a growing number of people who struggle to earn enough money as low oil prices push energy companies to lay off workers. ( Jon Shapley / Houston Chronicle )

Shock of layoffs still stings oil and gas workers

The prolonged slump in crude oil prices has forced thousands of people out of work across the country.
(David Paul Morris/Bloomberg)

Chevron starts layoffs at Louisiana office

Chevron spokesman Chris Merrifield said in an email to NOLA.com/The Times-Picayune the company has started to reduce the workforce at its Covington office, but he was “not in a position to provide detail” on the severity of the cuts.
Floor hands Jose Garza, left, and Jose Salinas set slips to hold drilling pipe in the mouse hole on the Orion Perseus drilling rig near Encinal in Webb County, Texas, U.S., on Monday, March 26, 2012. The Perseus is drilling for oil and gas in the Eagle Ford Shale, a sedimentary rock formation underlying an area of South and East Texas. Photographer: Eddie Seal/Bloomberg *** Local Caption *** Jose Garza; Jose Salinas

Oil and gas cos. among most profitable per employee, analysis finds

Researchers from FindTheCompany calculated profits per employee among companies on the S&P 500 in 2014. Among the top 25 companies ranked according to that metric, 15 were oil and gas exploration and production companies.
(David Paul Morris/Bloomberg)

Chevron gives notice to workers as it prepares to cut 950 jobs

The job cuts are part of a broader plan by the San Ramon, California-based energy giant to eliminate about 1,500 jobs worldwide as the Chevron braces for a prolonged crude slump.
Employees at National Oilwell Varco,  6390 N. Eldridge Parkway, work on a lower blowout preventer stack, shown left, and lower marine riser package, shown right, Thursday, April 18, 2013, in Houston. ( Melissa Phillip / Houston Chronicle )

Houston oil giant cuts more than 100 jobs in Texas

The Houston company told the Texas Workforce Commission that the closing of its Mineral Wells facility, about 50 miles west of Fort Worth, will be complete in December, and an initial round of layoffs will take place in early October.
Oil workers make adjustments to increase a well's production. (AP Photo/Hasan Jamali)

Oilfield jobs decline in July

Some 5,100 workers providing support for extracting mining and extraction lost their jobs during the month, according to the employment report released Friday.