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Market Chatter: Chevron Plans to Cut 800 Jobs in Texas
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Market Chatter: Chevron Plans to Cut 800 Jobs in Texas
May 29, 2025 5:18 AM

07:55 AM EDT, 05/29/2025 (MT Newswires) -- Chevron ( CVX ) is planning to lay off roughly 800 employees in Texas, effective July 15, as part of a broader global workforce reduction, Reuters reported Thursday, citing a notice to the Texas Workforce Commission.

The job reductions will affect operations in Midland County, which is in the Permian Basin region, where Chevron ( CVX ) maintains a significant presence, according to the news outlet.

The layoffs are part of the company's previously announced strategy to streamline operations and reduce headcount by as much as 20% globally by the end of 2026.

Chevron ( CVX ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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