Houston Public MediaOct 31, 2024

Marathon Oil is planning to layoff over 500 Houston-area employees ahead of the planned closer of its acquisition with ConocoPhillips.

https://www.houstonpublicmedia.org/articles/news/local/2024/10/31/504773/marathon-oil-to-lay-off-over-500-houston-employees-ahead-of-22-5-billion-merger-with-conocophillips/

#Houston #Local #News #ConocoPhillips #ConocoPhillipsMurger #HoustonOilLayoffs #Layoffs #MarathonOil #MarathonOilAcquisition

Marathon Oil to lay off over 500 Houston employees ahead of $22.5 billion merger with ConocoPhillips

The acquisition was announced in May 2024 but is not excepted to close until the fourth quarter of this year.

Houston Public Media
Democracy Matters Jul 18, 2024

#MarathonOil #TaxFossilFuels #VoteBlue

Oil Giant Predicted Climate Change Could Lead to “Widespread Starvation” in 1977
https://truthout.org/articles/oil-giant-predicted-climate-change-could-lead-to-widespread-starvation-in-1977/

Oil Giant Predicted Climate Change Could Lead to “Widespread Starvation” in 1977

The revelation comes as the industry faces multiple lawsuits for covering up its knowledge about climate change.

Truthout
DragofixJul 14, 2024

Marathon Oil to Pay Record Settlement for Pollution in Violation of the Clean Air Act https://www.ecowatch.com/marathon-oil-clean-air-act-settlement-north-dakota.html

Marathon Oil Commits to Massive Environmental Settlement for Clean Air Act Violations https://www.onegreenplanet.org/environment/marathon-oil-commits-to-massive-environmental-settlement-for-clean-air-act-violations/

#environment #fossilfuel #fossilfuels #oil #MarathonOil #pollution

Marathon Oil to Pay Record Settlement for Pollution in Violation of the Clean Air Act

Marathon Oil must pay a record penalty of $64.5 million and invest $177 million in pollution-reducing measures for Clean Air Act violations.

EcoWatch
Steve Dustcircle 🌹Jul 13, 2024

#MarathonOil to Pay Record #Settlement for #Pollution in Violation of the #CleanAirAct

https://www.ecowatch.com/marathon-oil-clean-air-act-settlement-north-dakota.html

Marathon Oil to Pay Record Settlement for Pollution in Violation of the Clean Air Act

Marathon Oil must pay a record penalty of $64.5 million and invest $177 million in pollution-reducing measures for Clean Air Act violations.

EcoWatch
Houston Public MediaMay 29, 2024

ConocoPhillips buying Marathon Oil for $17.1 billion deal as energy prices rise

https://www.houstonpublicmedia.org/articles/news/business/2024/05/29/488877/conocophillips-buying-marathon-oil-for-17-1-billion-deal-as-energy-prices-rise/

#Business #News #ConocoPhillips #MarathonOil

ConocoPhillips buying Marathon Oil for $17.1 billion deal as energy prices rise

The deal is valued at $22.5 billion when including $5.4 billion in debt.

Houston Public Media
ExTraders GlobalMay 29, 2024
#MarathonOil climbs as #ConocoPhillips announces acquisition plans, while #crude oil prices rise ahead of summer demand. #OPEC+ meeting and inventory data to shape future trends in the oil market. #OilPrices #Acquisition
ExTraders GlobalMay 29, 2024
#US stock #futures decline as #Fed rate concerns linger. #MarathonOil $MRO up 7.4% on ConocoPhillips deal, #DickSportingGoods $DKS rises 8.2% with raised guidance, #Robinhood $HOOD climbs 2.1% with $1B buyback, while #AmericanAirlines $AAL falls 8.8% on lowered forecast.