The job cuts will begin in 2025 and be mostly complete by the end of 2026, Chevron said in a statement to AFP. The moves are in line with a previous company pledge to remove $2 to $3 billion in “targeted structural costs” by the end of next year.
“Chevron is taking action to simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness,“ said a statement from Chevron Vice Chairman Mark Nelson.
The announcement comes after Chevron last month reported annual profits of $17.7 billion, down 17 percent from 2023. The company returned a record $27 billion last year to shareholders in share repurchases and dividends.
Shares of Chevron fell 1.4 percent in early afternoon trading.
Hence then, the article about chevron to cut 15 20 of workforce by end of 2026 company was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Chevron to cut 15-20% of workforce by end of 2026: company )
Also on site :