Chevron Corporation has announced plans to lay off nearly 800 employees at its Midcontinent campus in Midland County, Texas, effective July 15, 2025. This move is part of the company's broader strategy to streamline operations and reduce its global workforce by up to 20%—approximately 9,000 positions—by the end of 2026. The layoffs are concentrated in the Permian Basin, Chevron's largest oil-production region.
The decision follows Chevron's February announcement of a significant restructuring effort aimed at cutting costs and simplifying its business model. In addition to the Texas layoffs, the company previously disclosed plans to eliminate at least 600 positions in California, effective June 1, 2025.
Chevron is also navigating other challenges, including the revocation of its license to operate in Venezuela and uncertainties surrounding its pending $53 billion acquisition of oil producer Hess, which is currently under arbitration.
Despite these hurdles, Chevron continues to invest in its operations, with plans to increase output in the Permian Basin, aiming for a sustained production of one million barrels of oil equivalent per day in the near term.
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