ConocoPhillips, US20825C1045

ConocoPhillips stock trades at EUR 137.09 amid Canada job cuts

Published on 10/30/2026 at 16:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ConocoPhillips stock faces renewed focus after Canadian workforce cuts. The company has not disclosed how many jobs are affected.

Canada Cuts Renew Restructuring Focus

ConocoPhillips confirmed workforce reductions affecting employees and contractors in Canada.
The number of affected positions and the split by operating site remain undisclosed.
The reductions follow a broader restructuring announced after the Marathon Oil acquisition.

ConocoPhillips, US20825C1045, Illustration mit AI erstellt.

ConocoPhillips confirmed on Monday, October 26, that its Canadian workforce reduction would affect employees and contractors, according to Human Resources Director, which reported the move on October 27. ConocoPhillips stock traded at 137.09 euros on Lang & Schwarz at 16:11 CET on Friday, October 30, 2026; the real-time quote of ConocoPhillips stock is available here.

Canadian Reductions Affect Several Sites

Employees and contractors in Calgary, Alberta, and at the Surmont oil sands operation in Alberta and the Montney operations in British Columbia were affected by the latest round. The company did not disclose the number of positions involved or provide a site-level breakdown.

Human Resources Director reported that Calgary employees were instructed to work from home before virtual notifications, while workers at Surmont and Montney were to be contacted by phone. The action marks the second consecutive year of workforce reductions in Canada.

Restructuring Remains An Investor Focus

ConocoPhillips previously announced plans to reduce its global workforce by 20% to 25% as part of a restructuring intended to streamline operations and reduce costs after the Marathon Oil acquisition. The company said it routinely reviews its organization to align with its long-term strategy and operate efficiently.

The latest Lang & Schwarz quote was 2.86% above the 133.28-euro quote cited in the own report published on Thursday, October 29, at 17:51. This comparison is separate from the regular Xetra session comparison.