Laid off from ConocoPhillips.
ConocoPhillips announced it would cut up to a quarter of its workforce, thousands of people, as oil prices sagged. Energy layoffs track the barrel, and the barrel had a bad year.
At a glance
What's known about ConocoPhillips severance and layoffs
- 20 to 25% of workforce and contractors · The September 2025 announcement
- Potentially 2,600 to 3,250 · People affected
- 60 days in advance · Notice
- Severance and outplacement, terms unpublished · With it
- About 11,800 · Employees worldwide, end of 2024
- About 9,600 · Employees worldwide, June 2026
- $286 million · Severance expense booked for 2025
- No filings under either name · In our WARN tracker since 2025
Recent ConocoPhillips layoffs
ConocoPhillips reported about 9,600 employees in its August 2026 filing
The quarterly report ConocoPhillips filed in August 2026 put its worldwide workforce at approximately 9,600 people as of June 30, 2026. That follows approximately 11,800 at the end of 2024 and approximately 9,900 at the end of 2025. The company said in December 2025 that the majority of its global layoffs had been completed that year.
Previous rounds
ConocoPhillips layoff history
If ConocoPhillips cut your job, you were inside a reduction the company announced at 20 to 25% of employees and contractors worldwide, which reporting put at 2,600 to 3,250 people against a global headcount of about 13,000. Chief executive Ryan Lance told employees that month that cost and competitiveness had taken a backseat to acquisitions and that he faulted himself for it, and said controllable costs had climbed about $2 a barrel since 2021, to $13. Reuters reported the company had hired Boston Consulting Group in April 2025 to advise on a program known internally as Competitive Edge. Cuts began as early as November 10, 2025, with end dates expected to start the week of December 1.
The announced range and the filed headcount measure different things. ConocoPhillips reported approximately 11,800 employees worldwide at the end of 2024 and approximately 9,900 at the end of 2025. The gap between those two annual snapshots is about 1,900, which is arithmetic on two year-end figures rather than a count of separations, because hiring, attrition and asset sales move the same number. By June 30, 2026 the snapshot was approximately 9,600. The filings count employees. The announced percentage covered contractors too.
On terms, the record is thinner than the accounting. Reuters reported that affected employees got 60 days of advance notice, severance packages, and outplacement assistance, with no formula published alongside. The annual report is where the program acquires a price. ConocoPhillips said it had announced more than $1 billion of cost reductions and margin enhancements on a run-rate basis by year-end 2026, and initiated a restructuring reducing its overall employee workforce in late 2025. It booked $286 million of severance expense for that restructuring, about $43 million in Alaska and $87 million in the Lower 48, and carried a $378 million severance accrual into 2026, $300 million of it short-term.
Your paperwork may carry a different name than this page does. ConocoPhillips was incorporated in Delaware in 2001 ahead of the merger of Conoco Inc. and Phillips Petroleum Company, consummated on August 30, 2002, and it separated its downstream business as Phillips 66 in April 2012. Marathon Oil is the newest addition, acquired on November 22, 2024. The earliest cuts tied to that deal were filed under Marathon Oil. In late October 2024 it told the Texas Workforce Commission that more than 500 employees at its Houston facility could reasonably expect a permanent loss of employment over the 12 months after closing, adding that many would be retrained into transition roles, more than half of those expected to run past six months.
Alaska is where the cuts became visible. ConocoPhillips employs about 1,000 people in the state and said in October 2025 that it had accelerated notifications for North Slope employees ahead of the winter construction season, while declining to give numbers for Alaska or any other region. In December it confirmed 10 to 12.5% of the North Slope workforce had been laid off, and that the majority of global layoffs were done for the year, with no further North Slope reductions expected. In February 2026 about 250 North Slope workers voted to join the United Steelworkers, citing job security among their reasons, and the company said it would bargain in good faith.
The tracker stayed quiet through all of it. ConocoPhillips filed no WARN notice with Alaska, where the state says one trigger is a cut of at least 33% of an active workforce, and a notice that did reach the Texas Workforce Commission about the Houston reductions has produced no row in the archives we collect. Our tracker holds 17 all-time filings and none since the start of 2025, the newest a Marathon Oil row in Houston from October 2024. So check which employer name your separation agreement carries before you go looking, because those 2024 Houston jobs sit under Marathon Oil, and start at our WARN filing tracker to see what your own state published.
Reporting on previous ConocoPhillips layoff rounds
September 2025 forward · 20 to 25% of employees and contractors worldwide, reported at 2,600 to 3,250 people against a global headcount of about 13,000. Cuts began as early as November 10, 2025. In December the company confirmed 10 to 12.5% of its North Slope workforce had gone.
60 days of advance notice, severance packages, and outplacement assistance, as Reuters reported the terms. Formula not published. The annual report booked $286 million of severance expense for the restructuring, about $43 million of it in Alaska.
October 2024, filed under the Marathon Oil name · Marathon Oil told the Texas Workforce Commission that more than 500 employees at its Houston facility could reasonably expect a permanent loss of employment across the 12 months after the merger closed. ConocoPhillips completed the acquisition on November 22, 2024.
Marathon Oil said many would be retrained for transition roles, more than half of those expected to run past six months. No severance terms on record.
How ConocoPhillips's layoffs compare to other companies
Chevron announced up to 20% of its staff in February 2025, and ConocoPhillips announced 20 to 25% that September.
What to do after being laid off from ConocoPhillips
- File for unemployment in the state where you worked. Benefits run from your filing date, and severance usually doesn't block you. ConocoPhillips's biggest hubs: Texas, Alaska. Somewhere else? Every state is here.
- Apply for financial and hardship assistance. Unemployment supplements income, but food benefits, health coverage and utility help are often available as well. Here's some of what ConocoPhillips's hub states run: Texas, Alaska, and every other state is here.
- Mind the health insurance window. Losing coverage opens a 60-day special enrollment period, and an ACA plan usually beats unsubsidized COBRA. Compare your options before the employer coverage lapses, and read how the COBRA clocks run if you are weighing it seriously.
- Get your real runway number. Severance plus savings divided by reality. The calculator takes five minutes.
- Know which clocks are already running. Severance review windows, COBRA election, visa grace periods, and 401(k) rollovers all run on federal deadlines that started at termination. All five deadlines are here.
ConocoPhillips layoff and severance questions
What severance is ConocoPhillips paying?
The announcement came with 60 days of advance notice, severance packages, and outplacement assistance, as Reuters reported the terms, and no published formula. What the company did put in writing is the cost. Its annual report booked $286 million of severance expense for the restructuring, about $43 million of it in Alaska, and carried a $378 million severance accrual into 2026, $300 million of it short-term. None of that tells you your own number. Your separation agreement does, and that's the document that controls.
How many people is ConocoPhillips cutting?
The announced range was 20 to 25% of employees and contractors worldwide, which reporting put at 2,600 to 3,250 people. The filings measure something else, an employee headcount at a point in time. ConocoPhillips reported approximately 11,800 employees at the end of 2024, approximately 9,900 twelve months later, then approximately 9,600 as of June 30, 2026. Those are employees only. The announced percentage covered contractors too.
Did ConocoPhillips finish its layoffs?
In December 2025 a company spokesperson said the majority of global layoffs had been completed in 2025 and no further layoffs were expected on the North Slope. Its June 2026 quarterly report put the worldwide payroll near 9,600, roughly 300 below the year-end figure. Nothing in the reporting we track announces another round.
Was Marathon Oil part of the ConocoPhillips layoffs?
Marathon Oil is the company ConocoPhillips bought, on November 22, 2024. The earliest cuts tied to that deal came under the Marathon name rather than this one. In late October 2024 Marathon Oil told the Texas Workforce Commission that more than 500 Houston employees could reasonably expect a permanent loss of employment over the year after closing. If that was your job, your paperwork and your state's records may both say Marathon Oil.
Does the WARN tracker show ConocoPhillips layoffs?
Our tracker holds 17 all-time filings matching ConocoPhillips and Marathon Oil, and none since the start of 2025. The newest is that Marathon Oil filing in Houston from October 2024. The quiet has explanations on record. ConocoPhillips filed no WARN notice with Alaska, where the state says one trigger is a cut of at least 33% of an active workforce, and a notice that did reach the Texas Workforce Commission about the Houston reductions has produced no row in the archives we collect.
Where do I file for unemployment after being laid off from ConocoPhillips?
In the state where you worked, not where the company is headquartered. ConocoPhillips's biggest U.S. hubs are Texas, Alaska. Severance usually doesn't block you from filing, and benefits run from your filing date, so file the same week.
Is it OK to file for unemployment after a layoff at ConocoPhillips?
Yes. Unemployment insurance is funded by payroll taxes employers pay on wages, the claim never appears on credit reports or background checks, and future employers cannot see it. If the hesitation itself is the obstacle, whether filing is OK has its own article.
What happens to my health insurance after a layoff at ConocoPhillips?
Your plan sets the end date rather than the law, so the separation packet is where that date actually lives, and it is often the last day of the month rather than your last day of work. After coverage ends, COBRA lets you keep the identical plan by paying the whole premium yourself, up to 102 percent of what the plan really costs, which lands as several times the payroll deduction you were used to. You get 60 days to elect, counted from the later of coverage ending or the election notice arriving, and electing reaches the coverage back to the day the old plan stopped so no gap exists. How continuation coverage works walks the timing, and whether to take it rather than a marketplace plan is a separate decision.
Should I sign the severance agreement right away?
First pin down how much review time you actually have. If you're 40 or older, federal law gives you 21 days to consider an agreement that waives age claims, 45 in a group layoff, and a waiver signed under a shorter deadline can be invalid. If you're under 40, no federal window applies and the deadline in your packet may be real, so confirm it in writing and ask for more time if you need it. Use whatever window you have to read the release terms, especially non-disparagement and no-lawsuit clauses, and don't stall past a real deadline, because offers can be withdrawn.
Can I collect unemployment if I got severance from ConocoPhillips?
Usually yes, though some states delay benefits until severance pay periods end, and lump sums are treated differently than salary continuation. Check your state's rules on our state benefit pages, and file immediately either way so your claim date is locked in.