Thread regarding Marathon Oil Corp. layoffs

Marathon a stepping stone for better job?

I have always heard MRO was a stepping stone to something better. Is it?

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| 2041 views | | 4 replies (last May 7, 2019) | Reply
Post ID: @OP+YQJPfV0

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Curious- the true answer is that it is hard to know. MRO’s executive management is currently so unpredictable that it is difficult to know whether they might change their mind in one year and shut down her asset, or have a lay-off or what. The execs are completely bullied by the Wall Street analysts- they have no backbone so manage the numbers quarter to quarter and hope they muddle through in the long term. It’s well known that MRO is still much higher on LOE/BBL than the best in class peers (EOG, CLR). And how do you lower costs? Eliminate headcount and work the remainder harder.

That said, a relo to Houston may not be a bad thing. The OKC job market is much softer than Houston, so once you’re here she has a better shot at finding a new job if MRO doesn’t work out.

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Post ID: @6vah+YQJPfV0

Curious.... I'm not a Marathon employee but my spouse was contracted 6 months to hire. We currently live in OKC and unfortunately the only way they will convert her to an actual employee is for us to move to Houston. She wants to go for the opportunity but I love our life here. Is the move worth it?

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Post ID: @5ljp+YQJPfV0

I like it here

11 years

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Post ID: @ytu+YQJPfV0

Depending on your discipline, yes. Gone are the days of double digit tenure so learn what you can and take advantage of as many opportunities as they come available then move to the big leagues as it's just a farm team.

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Post ID: @wop+YQJPfV0

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