Shell (NYSE: SHEL) reported on Thursday better-than-expected earnings for the third quarter on the back of strong performance in its gas division which offset weak refining margins in the downstream business.
Marathon Oil is set to lay off over 500 workers in Texas as it merges with ConocoPhillips in a $22.5 billion deal. The layoffs, primarily at Marathon’s Houston office, are expected within a year following the merger’s anticipated closure in the fourth quarter of 2024.
Curious Minds Corner
Question of the week
What is the name of the largest offshore oil field in the world?