ExxonMobil (XOM) is cutting nearly 400 jobs in Texas, roughly six months after completing its $59.5 billion purchase of Pioneer Natural Resouces, according to documents filed with the Texas Workforce Commission this week.
The Worker Adjustment and Retraining Notification filing with the state agency indicates the energy major plans to eliminate 376 jobs in Irving, the Dallas suburb where Pioneer maintained its headquarters prior to the acquisition closing on May 3.
Pioneer also operated an office in Midland, Texas, as well as field offices throughout the Midland Basin, the company said in its final annual report issued in February. The Nov. 12 WARN notice said Exxon is also eliminating a total of 18 jobs in Midland, but similarly to the disclosure for the upcoming layoffs in Irving, did not specify what positions will be cut.
Pioneer had 2,213 employees overall at the end of 2023, including 933 working in field operations, according to its last annual report.
The Pioneer acquisition more than doubled Exxon's acreage in the Delaware and Midland basins, adding over 850,000 net acres to the company's 570,000 acres in the region before the deal. Exxon's production also was expected to roughly double, rising to 1.3 million barrels of oil equivalent per day and growing to more than 2 million barrels daily by 2027.
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