ConocoPhillips (NYSE:COP) is one of the 11 Cheap Clean Energy Stocks to Buy Right Now.
On September 3, 2025, ConocoPhillips (NYSE:COP) revealed its plans to reduce its global workforce by 20% to 25%, potentially affecting up to 3,250 employees and contractors, as part of a broader restructuring aimed at boosting margins and reducing costs.
Furthermore, the move comes after the company’s $17 billion acquisition of Marathon Oil in 2024. This move also comes amid rising controllable production costs, which reached $13 per barrel in 2024, $2 above industry peers. The restructuring is expected to result in $1 billion in additional cost savings and will involve a new organizational structure and management team, which will be unveiled in mid-September.
ConocoPhillips (NYSE:COP) is focused on exploration, production, transportation, and marketing of crude oil, natural gas, LNG, and liquids globally. It is one of the Best Clean Energy Stocks.
While we acknowledge the potential of COP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best Coal Stocks to Buy According to Hedge Funds and 11 Best Gold Royalty and Small-Cap Gold Stocks to Invest in Now.
Disclosure: None.
