Chevron to Cut 8,000 Jobs, Target $3 Billion Cost Reduction
#Chevron #layoffsChevron, the second-largest US oil producer, plans to lay off 15-20% of its global workforce by 2026 to reduce costs, simplify operations, and complete an acquisition. The company aims for $3bn in cost cuts, cites production challenges, and faces industry-wide weakness. read more
Chevron to Relocate Headquarters from California to Texas Amid Regulations
#Chevron #CaliforniaTexasRelocationChevron, the second-largest oil company in the US, is moving its California headquarters to Texas due to increased state regulations and climate actions. The decision comes as California sued major oil companies, including Chevron, over alleged climate deception. read more