Marathon Oil to dismiss 500 workers in Texas ahead of ConocoPhillips deal

Marathon Oil

30/10/2024 18:51

Oct 30 (Reuters) - Marathon Oil Corp  MRO.N , which is
being acquired by larger rival ConocoPhillips  COP.N , 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 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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