MRO had a mass layoff in April. Oil price has remained depressed for the last 8mo or so and there haven’t been any more layoffs—at least not en masse. So...what does that say about the people that were let go in April? Poor performers? I’m really... — read more
Topics regarding layoffs at Marathon Oil Corp.
What are your thoughts on the news that Paul Sankey predicts a merger between Marathon and Continental? https://www.worldoil.com/news/2020/10/21/us-shale-mergers-reshuffle-the-oil-production-landscape
Struggling to stay afloat...bad news.
Anyone know when the new limited edition cars come out? I'm looking forward to the youtube videos of grown men begging for them.
Well, with the Concho news this morning, if there was any doubt LT ran the Marathon ship into the ground, it’s the fact another “peer” company was acquired and Marathon was left without a dance partner. Happy Monday!
It’s really unfortunate to be reading all the negative posts and conflicts between the various BUs and the company as a whole. I personally don’t wish for anyone to be out of work in these times. Blaming your own peers will not change WTI price... — read more
Market Watch article today - Buy the worst? Here are 5 destroyed stocks for this bottom-fishing strategy.... "The top five performers on the S&P 500 year-to-date: Etsy ETSY (+243%), Nvidia NVDA (+141%), West Pharmaceutical Services WST (+96%)... — read more
Is GSC good for anything other than getting invoices paid? Zero value add. If we need to cut G&A I suggest we start there.
Be all you can be!
Is it just me or is MRO only posting their past success from 2019 in LinkedIn? I guess if they did post current achievements; it would be nothing but crickets.
Well, MRO is FINALLY at the head of its peer group. Finally got there, notwithstanding that the Wall Street Journal ranks MRO as 4th or 5th among the shale companies, which is all MRO is any more. But, wanting to be FIRST IN CLASS, this week... — read more
This is going to delay the project! https://abc13.com/injuries-reported-from-work-site-collapse-near-houston-citycentre/6793916/
As ideas to improve MRO’s poor fiscal performance are not forthcoming from its executive suite, here are some gleaned from an article in the WSJ (Quotes are from the WSJ): Quote 1) Devon in May said it would cut executive cash compensation about... — read more
No calls or anything today so I’d say we made it for 2020!! Just s—s there’s no rankings or bonuses this year.
Did they send another “lower for longer” email this morning?
Please don’t work for Marathon Oil Corp. Do yourself and your family a favor. You will never have stability if you work there.
Layoffs are done!! I meant it’s not October 2, but I’m pretty sure they aren’t doing a mass lay-off I’m the next two days so... we made it!!!
My other half just got a rif after working for your company for 15 years. You s—.
How excited is everyone for the new building? Once we are moved in we should issue some stock that we bought back for 5 times current price!
Read: https://medium.com/@tedbauer2003/the-dirty-little-secret-of-the-performance-improvement-plan-f504cec6c35b It’s better to either find another organization within the company or voluntarily leave when you work under a DA that talks a big game... — read more
Now is the time for Marathon to become a real independent. Lee is still empowering Marathon leadership to act like an integrated. We need to eliminate all of the BS programs and processes that are holding the company/employees back from generating... — read more
Why are they trying so hard to get people to go back to the office with this phased approach? Anyone else experiencing constant encouragement from their supervisors to go back? Not sure what synergies are to be gained in going back at this time. Are... — read more
I think Land as a whole went down hill when TA came aboard, then getting rid of a highly regarded intelligent with an abundant experience on Land Director; to replace him with KH?? Who has no knowledge what so ever in a Land Leadership role, and who... — read more
Agree or not, but those times are gone like wind as some will say. Upper Management needs to change staff wise if MRO is to survive.
Newest Article on MRO's future: https://www.msn.com/en-us/money/markets/like-oil-prices-marathon-oil-stock-is-going-nowhere-fast/ar-BB19aAyp?ocid=uxbndlbing
I see people commenting that layoffs are done with for this year - does anybody really believe that? If so, where have you been for the past several years that you can have such confidence in this company? The ONE thing I learned is that nobody is... — read more
Anyone know if the corporate jet(s) got eliminated since the layoffs? If not, what is the justification to keep them?
So without any reviews this year, is there any speculation on how personal performance will be measured? Reuse last year’s review? Rate everyone the same?
Not MRO-specific but definitely hits home in the Bakken LT; couple inexperience with a loud mouth and there you have it:... — read more
I've never once said anything on this site,but we are already experiencing a very difficult year. Nothing like deflating an already on edge workforce. I have loved everything about this company since day one, but this just took the wind out of my... — read more
Confirmed. Targets and goals reached in getting production costs profitable at around $35/bbl. There will not be another round of mass cv layoffs in 2020. However, EOY rankings will determines who’s let go 1st quarter 2021.
Is anyone still old enough to remember the good ol’ days when a hurricane in the Gulf meant “go home and take care of your family”? Say what you will about “ old school” leadership, but Cazalot wanted us all to live. I remember a time when MRO would... — read more
Will oil and gas industry ever be the same again? Or pick up?
Anyone know of anyone to be laid off then subsequently rehired a year or two later?
What’s the feeling in the tower today for those forcibly repatriated to the office?
Before MRO’s executive suite decides to jump on the ‘cut the 401-K match’ “initiative” implemented by ExxonMobil, please note that ExxonMobil KEPT its dividend. It’s enough that Marathon employees have had to live under the CONSTANT fear of layoffs... — read more
How do you feel about going back to the office with no plan from MRO to protect you from covid? Maybe they will wait until the last possible minute to change the date again? People need to plan.
Layoffs similar to Apr 30 scheduled right beloved earnings call. Grab your ankles.
What Lee is cooking up before this next quarterly segment?
I really question The Layoff’s commitment to providing useful information to MRO employees because it seems they are all too willing to remove any post that MRO HR/management asks them to remove. Why remove a post questioning whether employees’... — read more