I think the downfall really started back in 2016, everyone I speak (ys staff) is negative and tells me to sell my stocks now. After 2016 the company became bloated and started its India Journey and reducing quality and costs (it worked!!). At the same time it became a D&I playground for LHBTQI folks and as white male you were almost shamed for who you are and LT got targets getting more minorities and females promoted.
Good luck all, the good ones (you?) will find a better place their is al lot going on, just not in oil and gas anymore.
Sharing my research results:
Upstream & Exploration: Implementing a 20% headcount reduction across exploration, subsurface, and well-engineering teams over Q2 and Q3 2026.
Regions: Heavily hitting main administrative and technical hubs in Houston (USA), The Hague (Netherlands), and London/Aberdeen (UK).
Downstream & Chemicals: Downsizing operational footprints throughout 2026 to contain cash bleeding following multi-billion dollar losses in base chemical segments.
Regions: Layoffs and scale-backs target older processing infrastructure in Rotterdam (Netherlands), Stanlow (UK), and Monaca (USA), following a complete exit from Singapore assets.
Global Business Operations: Consolidating corporate back-offices and shifting away from generalized administrative roles.
Regions: Shared-service hubs in Continental Europe are affected, including roughly 300 job cuts executed at the Kraków (Poland) center in June 2026.
Low Carbon Solutions: Personnel cuts are occurring dynamically throughout 2026 as renewable projects are deferred or canceled.
Regions: Impacting project engineering and corporate green teams primarily across Northwest Europe (e.g., matching the construction pause at the Rotterdam biofuels facility).
It is natural to feel anxious when restructuring threatens your security, but corporate changes cannot diminish your personal value or expertise. While you cannot control executive decisions, you can reclaim power by auditing your wins, refreshing your resume, and reaching out to your network. Lean on the solid foundation of skills you own; companies change, but your capability remains.