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Oil Company Layoffs
Posted on 2/21/16 at 5:34 pm
Posted on 2/21/16 at 5:34 pm
Which oil companies have had the worst layoffs?
Last week, Devon let go 700 people in its OKC headquarters alone. What other producers are dropping people like that?
Last week, Devon let go 700 people in its OKC headquarters alone. What other producers are dropping people like that?
11
Posted on 2/21/16 at 5:38 pm to TheIndulger
Not a "producer", but schlumberger has cut like 40k worldwide.
Posted on 2/21/16 at 5:38 pm to TheIndulger
Transcanada has shed about 20% of its workforce.
Posted on 2/21/16 at 5:40 pm to TheIndulger
Damn that sucks
I bet a lot of those people relocated from Houston when they moved their offices to okc not long ago
I bet a lot of those people relocated from Houston when they moved their offices to okc not long ago
Posted on 2/21/16 at 5:46 pm to TheIndulger
Not sure of the number of people that work there but chevron is closing Lafayette office and most probably their training faculty not long after
Posted on 2/21/16 at 5:50 pm to TheIndulger
Southwestern cut 1100 of 2600
Posted on 2/21/16 at 5:53 pm to TheIndulger
Most of the majors have/are cutting thousands.
Posted on 2/21/16 at 5:53 pm to TheIndulger
Posted on 2/21/16 at 5:54 pm to TheIndulger
I was out shooting the other day on family land and a checker came through making his rounds in a decked out, brand new GMC truck that had had the paper temp plate still on it. He stopped to wave and make sure we saw him and held off for a minute. Looked like he was in his early 30's.
I said to my buddy "Well, that guy has a big ol' basket of don't give a f."
I said to my buddy "Well, that guy has a big ol' basket of don't give a f."
Posted on 2/21/16 at 6:05 pm to ShaneTheLegLechler
quote:
Southwestern cut 1100 of 2600
Wow, that's insane. That's like 40% of the company.
Posted on 2/21/16 at 6:11 pm to Scoop
quote:
I was out shooting the other day on family land and a checker came through making his rounds in a decked out, brand new GMC truck that had had the paper temp plate still on it.
in production, the closer you are to the well head, the better (provided the company doesn't go under).
Posted on 2/21/16 at 6:15 pm to crazycubes
I work pretty damn close to the well head. However
is the problem
quote:
provided the company doesn't go under).
is the problem
Posted on 2/21/16 at 6:45 pm to TheIndulger
quote:
OKLAHOMA CITY — Oklahoma City-based Devon Energy has announced plans to lay off about 1,000 employees — including about 700 in Oklahoma City.
quote:
Devon Energy just released its core earnings for the fourth quarter of 2015.
The report say the company received core earnings of $319 million for the fourth quarter, but it also suffered a net loss of $4.5 billion during that same time period because of non-cash, asset-impairment charges.
LINK
Posted on 2/21/16 at 6:46 pm to TheIndulger
Its going to be bloody the next few months.
B.P.
chevron
shell shed a lot with more to come.
too many smaller companies to name.
Exxon seems to be the only one that has not had massive cuts.
B.P.
chevron
shell shed a lot with more to come.
too many smaller companies to name.
Exxon seems to be the only one that has not had massive cuts.
Posted on 2/21/16 at 6:48 pm to Tiger Roux
quote:
Exxon seems to be the only one that has not had massive cuts.
It's coming.
Posted on 2/21/16 at 7:05 pm to TheIndulger
I have heard about some post layoff suicides after oilfied layoffs. It's pretty grim.
Posted on 2/21/16 at 7:12 pm to yellowfin
quote:
Not sure of the number of people that work there but chevron is closing Lafayette office and most probably their training faculty not long after
They are gonna lay off about 300 or so people in the Covington office as well.
It sounds like March and April will be very very difficult time with thousands being laid off at the majors.
Posted on 2/21/16 at 7:16 pm to Tiger Roux
This post was edited on 8/8/20 at 10:31 am
Posted on 2/21/16 at 7:18 pm to TheIndulger
The service side has been hit the hardest I believe
Posted on 2/21/16 at 7:19 pm to yellowfin
quote:doesn't look good for Covington either
Not sure of the number of people that work there but chevron is closing Lafayette office and most probably their training faculty not long after
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