Chevron to cut 200 jobs in Texas

[HOUSTON] Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission.

The layoffs are part of the US oil producer’s plan to cut up to 20 per cent of its global workforce by the end of 2026.

The job cuts will be in Midland County, where Chevron has large operations in the Permian Basin, the top US oilfield. The layoff date is July 15, according to the notices.

Chevron announced plans to slash the global workforce in February in order to cut costs and simplify the business. Since then, Chevron has come under more pressure, as its license to operate in Venezuela was revoked and its planned US$53 billion acquisition of oil producer Hess hangs in the balance amid an arbitration dispute.

The company previously gave notice that it would lay off at least 600 employees in California effective from June 1, according to a filing in March. REUTERS