We study the spillover impacts of the 2014-16 oil price collapse, which caused substantial unemployment in the oil and gas sector, on workers elsewhere in the economy using Canadian matched employer-employee data. Displacement of co-worker networks in the highest-paying oil and gas sector can weaken workers’ outside options and bargaining power. Supply linkages to oil and gas and reliance on local spending by oil-and-gas workers can reduce the rents employers share with their workers. We construct three measures of exposure to the oil price shock corresponding to these bargaining, supply, and local demand channels. Exploiting variation in channel-specific exposure, we use a generalized difference-in-differences design to document persistent income losses. Relative to those least exposed, workers in the top 5% of shock exposure lost 4%, 5%, and 2% incomes annually along respective channels between 2014 and 2019. Individual income losses vary both by the channel of exposure and by workers’ relative position in the joint distribution of worker-firm matches. Aggregate income losses outside oil and gas are twice as large as those within the sector. Shocks originating in a high- paying resource sector thus affect a broad set of workers through distinct transmission channels and warrant targeted policy responses.