Feb 24 (Reuters) - Chevron ( CVX ) said on Monday it

would reorganize some of its business structures and reshuffle

the leadership team, the latest move by the U.S. energy major to

simplify its operations.

The company has said it would lay off up to 20% of its

global workforce by the end of 2026, as it navigates cost

overruns and delays in a large Kazakhstan project. Its $53

billion acquisition of Hess has been stalled due to an

arbitration battle with larger rival Exxon Mobil ( XOM ).

"Our new organizational structure and leadership

appointments are designed to improve our operational efficiency

and position Chevron ( CVX ) for sustained growth," CEO Mike Wirth said

in a statement.

The company's Oil, Products and Gas organization will be

consolidated into two separate segments - Upstream and

Downstream, Midstream & Chemicals (DM&C). Mark Nelson will

continue to lead it as its executive vice president.

The oil and gas producer's technical center will also be

reorganized and insider Ryder Booth will take the helm as the

new unit's vice president, effective July 1.

Chevron ( CVX ), which moved its headquarters from San Ramon,

California, to Houston and replaced several long-standing

managers, is also targeting up to $3 billion in cost cuts

through 2026 from leveraging technology, asset sales and

changing how and where work is performed.

Last August, it announced a new hub in India which would

become its largest tech center outside the U.S.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Vijay

Kishore and Sriraj Kalluvila)