U.S. Oil Majors Slash Jobs Despite Trump’s Fossil Fuel Push
ConocoPhillips, Chevron, and other oil majors have announced mass layoffs despite expanding production capacity through multibillion-dollar acquisitions. Falling oil prices and cautious investor sentiment are forcing companies to cut capital spending and reduce workforces, even as Trump pushes pro-oil policies. OPEC+ production hikes and U.S. rig declines point to continued pressure on American producers, who…
September 15, 2025 • News
