Chevron cuts 800 jobs in Texas
According to webangah News Agency, citing Bloomberg, Chevron Corporation intends to lay off approximately 800 workers in the Permian Basin-the company’s biggest oil production operation worldwide.
In a letter to the Texas Workforce Commission, Chevron stated most job cuts will affect the Midcontinent region near midland, Texas. The filing lists July 15, 2025 as the effective date for these layoffs.
The company saeid in a statement: “Chevron is streamlining its operating model to execute work more efficiently. This was a difficult decision that was not made lightly.”
Chevron is preparing for its largest modern-era restructuring, announcing plans to reduce its global workforce by 20% (approximately 9,000 positions) by late 2026.
The energy giant aims to slash structural costs by $3 billion and optimize operations amid low oil prices.
Chevron’s Permian Basin output has grown rapidly in recent years and is projected to reach 1 million barrels of oil equivalent per day in coming months-representing about one-third of the company’s worldwide production.
The CEO stated Chevron expects stable production operations through this decade with focus on cost reduction and high cash flow generation.
