2023-06-06 17:49:50 ET
TC Energy ( NYSE: TRP ) is cutting an unspecified number jobs to "optimize value," Reuters reported late Tuesday, citing a company spokesperson.
The number of layoffs is believed to be much smaller than the job cuts announced last week at Suncor Energy ( SU ), which told employees it would eliminate 1,500 jobs.
Earlier this year , Imperial Oil ( IMO ) cut the number of contractors working at its Kearl oil sands project.
TC Energy ( TRP ) owns and operates the Keystone oil pipeline and transports 25% of all the natural gas consumed in North America.
More on TC Energy:
- Financial and valuation comparison to sector peers
- Analysis: TC Energy Has Substantial Catalysts
- Stock price return: Up 5.5% YTD, down 25.5% in the past 12 months
For further details see:
TC Energy latest Canadian oil and gas company to lay off staff - Reuters