Thread regarding Denbury Resources Inc. layoffs

If you were like me and looking at Pioneer as an option post DEN

https://www.reuters.com/markets/deals/exxon-mobil-advanced-talks-60-bln-acquisition-pioneer-sources-2023-10-06/

ExxonMobil looks set to acquire Pioneer

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| 1941 views | | 12 replies (last October 16, 2023) | Reply
Post ID: @OP+1oXSag1c

12 replies (most recent on top)

Pioneer is moving by January 2025. Not Denbury.

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Post ID: @ahnq+1oXSag1c

That would be awesome since it would trigger the severance

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Post ID: @atdj+1oXSag1c

They are moving us and closing the office soon.

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Post ID: @9uox+1oXSag1c

official. Ki-l me now

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Post ID: @5lzw+1oXSag1c

Welp, that escalated quickly!

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Post ID: @5oxo+1oXSag1c

Currently the XOM campus is only half full. It can hold 10,000 people. And yes they have a master plan to send most work to India. No long term future at XOM.

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Post ID: @2vzb+1oXSag1c

Nah, Pioneer only had about 2,100 employees at year end.

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Post ID: @1kch+1oXSag1c

They'll all have to move to India soon.

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Post ID: @1rdc+1oXSag1c

Never know, Pioneer is double the size of XTO

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Post ID: @1erb+1oXSag1c

XTO had 6k people moved, might not be that tough for them.

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Post ID: @1ufl+1oXSag1c

It would be tough for them to force Pioneer headquarters to move. Denbury might luck out and not have to move or maybe just drive to Irving.

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Post ID: @1eky+1oXSag1c

Does this make it more likely they'll keep a North Texas office?

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Post ID: @1ztx+1oXSag1c

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