Chevron to Exit Scotland Office in Global Restructuring Effort

Key Takeaways CVX to shut down Aberdeen office by end of 2026, ending UK North Sea operations. The move is part of CVX's plan to cut up to $3B in costs and reduce global headcount by as much as 20%. CVX is shifting focus to high-margin regions like the Permian Basin and Guyana for better returns.Chevron Corporation (CVX) , one of the world’s largest energy companies, has announced that it will shut down its Aberdeen office in Scotland, ending more than 50 years of operations in the North Sea hub, accordin ...