05:32 PM EDT, 08/19/2025 (MT Newswires) -- Chevron ( CVX ) plans to combine Hess' (HES) exploration team with its own following the completion of its $53 billion takeover, Chief Executive Officer Mike Wirth said in an interview with Bloomberg TV.

While Chevron ( CVX ) plans to cut about 650 Hess jobs, exploration staff is expected to be retained as the company pursues new opportunities in South America, West Africa and the Eastern Mediterranean, Bloomberg reported.

"We're going to bring their talent, their experience, their insights and blend it with ours," Wirth said, according to the report. Chevron ( CVX ) will have "a stronger team as we move forward to challenge some of our conventional thinking," the CEO said in the interview.

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