Chevron's Global Revamp Aims to Stay Competitive & Save $3B by 2026

Key Takeaways Chevron is consolidating global units and trimming management to save $3B by 2026. Central hubs in Manila, Buenos Aires and Houston will anchor global support functions. CVX is streamlining refinery tasks using AI and will scale its new centralized model.Chevron Corporation (CVX) is undertaking a sweeping corporate overhaul aimed at slashing costs and improving efficiency, making a bold shift from its traditionally decentralized model. The oil major is consolidating regional business units, ...