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Reuters

Reuters

Business

Business & Economics

ConocoPhillips plans layoffs as part of broad restructuring

Reuters
Summary
Nutrition label

77% Informative

The job cuts are the latest sign of pain in the oil and gas industry, which is facing higher costs and lower revenues.

The company hired management consulting firm Boston Consulting Group to advise on the restructuring and layoff program.

ConocoPhillips has started by restructuring its operations and announced it would centralize some functions, two sources said.

VR Score

86

Informative language

91

Neutral language

53

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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