Thursday, 19 September 2024
Home Topics Business Exxon Mobil reports 59 layoffs to Texas agency post-Pioneer acquisition
BusinessFuelLabourLiquefied Natural GasMiningNatural GasNewsOil

Exxon Mobil reports 59 layoffs to Texas agency post-Pioneer acquisition

28
FILE PHOTO: Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. —REUTERS/Dado Ruvic/Illustration/File Photo

HOUSTON: Exxon Mobil issued a layoff notice to 59 employees as part of its workforce reshuffle following its $60 billion acquisition of Pioneer Natural Resources, according to a filing with the Texas Workforce Commission.

Exxon said more than 1,500 Pioneer employees were offered jobs as part of the merger. Pioneer had roughly 2,200 employees.

The layoff notifications include 39 workers from Las Colinas, an area in the Dallas suburb of Irving, Texas, home to Pioneer Natural Resources’ former headquarters, according to the filing. Exxon did not say how many of the 59 people would be laid off and how many would take new jobs at the company.

Employees who received the warnings have either been offered transition roles or declined offers to join Exxon, the company said in a statement.

The job cut notifications filed this month also include 18 workers from Midland, within the Permian Basin, and two from the Concho Valley, both located in West Texas, as per the filing.

The merger combined Pioneer’s more than 850,000 net acres in the Midland Basin with Exxon’s 570,000 net acres in the Delaware and Midland Basins.

(Reporting by Sabrina Valle and Liz Hampton; Editing by Leslie Adler, Marguerita Choy and David Gregorio)

Related Articles

Netley Creek and The Red River enter Lake Winnipeg just north of Winnipeg, Sunday, May 15, 2022. A Manitoba court is being asked to declare Lake Winnipeg a person with Constitutional rights to life, liberty and security of person. THE CANADIAN PRESS/John Woods/POOL
BiodiversityCourtsEnvironmentIndigenousLegislationRegulationsResiliency

‘She is dying’: Lawsuit asks Lake Winnipeg to be legally defined as a person

A lawsuit seeks to grant Lake Winnipeg constitutional rights, pushing for environmental...

FILE - This photo provided by the Center for Biological Diversity shows a Tiehm's buckwheat plant near the site of a proposed lithium mine in Nevada, May 22, 2020. (Patrick Donnelly/Center for Biological Diversity via AP, File)
BiodiversityCritical MineralsElectric VehiclesEnvironmentMiningRegulations

US agency review says Nevada lithium mine can co-exist with endangered flower

U.S. completes review of Nevada lithium mine, says project will supply critical...

FILE PHOTO: A self-driving GM Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo
Electric VehiclesRegulations

GM’s Cruise to begin testing autonomous vehicles in California

GM's self-driving unit Cruise will begin supervised testing with up to five...

BiofuelsClimateEmissionsEnvironment

US generated fewer renewable blending credits in August, EPA says

About 1.32 billion ethanol (D6) blending credits were generated last month, compared...

Login into your Account

Please login to like, dislike or bookmark this article.