Marathon Oil will lay off more than 500 people as result of its $22.5 billion merger with oil giant ConocoPhillips, the company said in a letter to the Texas Workforce Commission this week.
https://www.houstonchronicle.com/business/real-estate/article/marathon-conocophillips-layoffs-houston-oil-merger-19875107.php
I hope those got a good severance package
Marathon Oil and Marathon Petroleum split 10+ years ago. This will not impact any MPC refineries.
Refinery side also. Sorry bud.
Rumor around industry is the folks getting separated in this pre-merger RIF are getting 2 years severance and fully retained LTIP. If so that’s a win. Either way hope for the best to those affected.
Is that just Corp. office or refinery also?