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  1. The oil industry is facing a market slowdown, leading to workforce reductions at companies based in Houston, while OPEC+ raises output amid global uncertainty.

ConocoPhillips and Oracle are facing market pressures due to low confidence in future demand, which is squeezing their operational margins.

1 report, 1 independent Updated Sep 5
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ConocoPhillips and Oracle are facing market pressures due to low confidence in future demand, which is squeezing their operational margins.

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What this event is mainly about
ConocoPhillipsOracle

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The oil industry is facing a market slowdown, leading to workforce reductions at companies based in Houston, while OPEC+ raises output amid global uncertainty.

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Coverage

Newest first; wire copies grouped
  • QuartzRecord profits, layoffs: Wall Street cheers as workers fear Layoffs are grabbing headlines this week. On Tuesday, oil giant ConocoPhillips said it will slash up to 25% of its workforce , or about 3,2