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Marathon Oil to dismiss 500 workers in Texas ahead of ConocoPhillips deal
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Marathon Oil to dismiss 500 workers in Texas ahead of ConocoPhillips deal
Oct 31, 2024 2:37 AM

Oct 30 (Reuters) - Marathon Oil Corp ( MRO ), which is

being acquired by larger rival ConocoPhillips ( COP ), this week

said it would dismiss 500 workers in Texas, according to a

filing with the Texas Workforce Commission.

The $22.5 billion deal, announced in May, received approval

from Marathon Oil ( MRO ) shareholders but it awaiting regulatory

clearance from the Federal Trading Commission.

The Houston-based oil and gas producer had 1,681 full-time

exmployees at the end of 2023. A spokesperson did not

immediately respond to a request for comment.

(Reporting by Liz Hampton in Denver)

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