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