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ConocoPhillips prepares for job cuts
Aug. 14, 2018
Source: Energy Voice

ConocoPhillips prepares for job cuts

After reporting a huge profit of $1.6 billion in its recent quarter, ConocoPhillips is looking forward to “modest” job cuts in Houston and all over US. Reportedly, the company is focusing more on share buybacks and debt reduction in order to strengthen the support from its investors. A spokeswoman said that the employees have been informed about the workforce reduction that will take place in mid-September.

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