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Chevron to cut nearly 800 jobs in Texas

  • Chevron is set to reduce its workforce by approximately 800 positions in Midland County, Texas, with these job cuts taking effect on July 15, 2025, as part of a broader plan to shrink its global headcount.
  • Chevron's decision follows its February announcement to cut 20% of its global workforce by 2026, aiming to reduce costs and streamline operations amid a challenging energy market.
  • Chevron shifted its main corporate offices from its longtime base in San Ramon, California, to Houston, Texas, citing the high expenses and regulatory challenges in California related to climate change litigation.
  • Chevron CEO Mike Wirth attributed the decision and restructuring efforts to several California regulations that increase expenses, negatively impact consumers, and deter investment.
  • The layoffs and restructuring intend to improve efficiency and cash flow through 2026, with Chevron maintaining significant Permian Basin operations despite ongoing arbitration over its $53 billion Hess acquisition.
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India Daily Mail broke the news in on Wednesday, May 28, 2025.
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