Chevron plans to lay off 20% of workers in cost-cutting push
The oil giant employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9,000 employees. The company recently moved its headquarters from San Ramon to Houston
Chevron to Lay Off Up to 20% of Workers. Why the Oil Industry Is Slimming Down.
Chevron is not the only company in the oilfield that’s been slimming down. Oil-and-gas companies have gotten much more efficient at producing oil, by using new techniques and te
Chevron to lay off up to 20% of global workforce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No.
Chevron trimming headcount by 15%-20% in layoffs
Chevron is seeking to trim its headcount by a sizable amount, with Vice Chair Mark Nelson saying they will impact 15%-20% of workers.
Chevron to cut as much as 20% of workforce
Chevron plans to slash its workforce by as much as 20% by the end of 2026, as it embarks on a wider cost-cutting effort. The company said the reductions would simplify its structure and enable it to act faster,
Chevron to cut up to 20% of workforce as it slashes costs by as much as $3 billion
Chevron on Wednesday announced it will lay off 15-20% of its global workforce in an effort to reduce costs by up to $3 billion. Chevron expects to complete most of the cuts by the end of 2026.
Chevron: Why I Am Backing Up The Truck
Chevron has profit growth and cost-saving initiatives, coupled with a compelling profit multiple. Read why CVX stock is a Buy ...
Should Investors Worry about Chevron’s (NYSE:CVX) Oil Reserves as Hess Deal Waits?
Chevron’s (CVX) stalled acquisition of Hess (HES) is taking on even more importance for investors after the company’s oil and ...
Is Chevron Corporation (CVX) the Best Liquefied Natural Gas Stock to Buy In 2025?
We recently compiled a list of the 10 Best Liquefied Natural Gas (LNG) Stocks to Buy in 2025. In this article, we are going ...
1 Crucial Factor About Chevron Stock That You Won't Want to Miss
Chevron ( CVX 1.07%) is a leading global oil and gas producer. Last year, the energy giant produced a record 3.3 million ...
Chevron Announces About 20% Workforce Reduction In Cost-Saving Initiative: 'Responsible Leadership Requires Taking These Steps'
In a significant cost-saving move, oil behemoth Chevron Corp. (NYSE: CVX) has announced plans to slash its workforce by up to ...
Chevron Stock Declines Despite Another Dividend Hike
Chevron stock is down Friday after the integrated energy company missed fourth-quarter profit expectations. Here's what you ...
Chevron logs its first refining loss in four years, sending stock lower
Chevron touted “record production” as well as stock buybacks and announced an increase in its quarterly dividend.
Chevron: A Capital Return Investment In 2025
Despite a Q4 earnings miss, Chevron's free cash flow and capital returns remain robust. Read why I remain very bullish on CVX ...
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Why Chevron Stock Dropped 4.5% Today
At nearly 18 times free cash flow, Chevron stock isn't cheap enough to buy -- even after today's sell-off. Analysts had predicted Chevron would earn $2.11 per share, adjusted for one-time items ...
Chevron stock concerns as reserves hit decade low
Chevron Corp (NYSE:CVX) disclosed that its oil and gas reserves have dwindled to their lowest levels in over ten years, ...