Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs.

A spokesperson for ConocoPhillips confirmed the layoffs on Wednesday, noting that 20% to 25% of the company's employees and contractors would be impacted worldwide.

ConocoPhillips currently has a global headcount of about 13,000 — meaning that the cuts would impact between 2,600 and 3,250 workers.

The impact in Bartlesville, which has about 1,000 ConocoPhillips employees remaining following the company's move to Houston more than a decade ago, is not yet known.

Phillips Petroleum was founded by Frank and L.E. Phillips in Bartlesville in 1917.

ConocoPhillips moved its headquarters from Bartlesville to Houston in 2012

See Full Page