Chevron Advances Global Workforce Reduction Plan With Texas Layoffs

Key Takeaways Chevron plans to cut up to 9,000 jobs globally by 2026, with 200 layoffs set for Texas in July 2025. The cuts aim to streamline operations, speed up execution and improve long-term competitiveness. CVX also faces challenges, including exit from Venezuela and asset disputes tied to its Hess acquisition.Chevron Corporation (CVX) , the U.S. oil and gas giant, has announced that it will let go of nearly 200 workers in Texas as part of the broader plan to reduce the global workforce by up to 20% ...