Workforce

Colonial Pipeline, operator of the largest U.S. refined-fuel network, confirmed plans to cut jobs as part of a restructuring under new owner Brookfield Infrastructure. The $9 billion acquisition marks the first time the 5,500-mile pipeline has had a single owner since the 1960s.

Imperial will cut 20% of its workforce as part of a restructuring aimed at saving $150 million annually by 2028. The company expects a $330 million charge in Q3 2025 but says production targets at Kearl and Cold Lake remain unchanged.

ExxonMobil will cut 2,000 jobs worldwide as part of a global restructuring, adding to widespread oil and gas sector layoffs amid weaker prices and industry consolidation.

The €10 million ($10.7 million) facility will train workers to operate and maintain hydrogen transmission systems safely under real conditions.

ConocoPhillips will cut 20–25% of its global workforce, or up to 3,250 jobs, as part of a major restructuring, the company confirmed. Shares fell 4% after CEO Ryan Lance detailed the plan, citing rising costs and pressure from lower oil prices. Most cuts will be completed before year-end.

Workers at Belgium’s Fluxys Dunkirk LNG terminal have launched a three-day strike over pay and energy taxes, part of wider union action in the power and gas sector. The company said operations remain unaffected, while unions reported an impact on gas flow rates.

Uniper will cut 400 jobs as part of a cost-efficiency drive, while pressing ahead with LNG portfolio expansion and gas-fired power projects. The company reaffirmed its 2025 earnings forecast despite lower half-year results and delays in German energy auctions.

Enbridge's Sunrise Expansion project aims to boost capacity along the Westcoast natural gas pipeline, potentially bringing 850 workers to the Mackenzie region in British Columbia.

Crude prices rose over $1 a barrel on June 6, marking their first weekly gain in three weeks, after a U.S. jobs report reinforced hopes for a Fed rate cut and stronger demand. Trade talks between the U.S. and China also lifted market sentiment.

Phillips 66 will begin workforce reductions at its Los Angeles-area refinery in December, following plans to wind down operations by October 2025. The site, which employs about 600 workers and 300 contractors, is one of two California refineries slated for closure.

Grangemouth, Scotland's only oil refinery, has ceased crude processing as Petroineos transitions the site into an import terminal, triggering job cuts and marking the end of an era for the aging facility.

Drivers at Energy Transfer locations across Texas, Oklahoma, and Louisiana have petitioned for a vote to remove the United Steelworkers union, potentially affecting over 420 workers in the oil and gas transportation sector.

Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.

Around 4,700 employees and 3,000 contractor positions will be cut this year, BP told Reuters. The cuts were announced in an internal memo seen by Reuters earlier on Thursday.

Reflecting on her career journey, Chevron's Kelley Henderson discussed five key leadership behaviors that she has found crucial for anyone’s path to becoming not only a leader, but a mentor.