Marathon Petroleum cut nearly 2,000 jobs – and reaped $2.1bn in pandemic benefits

Marathon Petroleum received more tax benefits than any other US oil company while also cutting about 9% of its workforce.

Last year, Marathon laid off 1,920 workers across the US despite taking $2.1bn in federal tax benefits meant to cushion the pandemic’s blow to the economy, according to a report from BailoutWatch.

According to SEC filings examined by BailoutWatch, Marathon came to receive roughly $1.1m in federal dollars for every job the company eliminated.

The Guardian

[Note: Marathon owns the gas station chain “Speedway”]

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