Reported about 10 hours ago
Chevron announced a reorganization of its business structure and leadership to enhance operational efficiency and support future growth. The U.S. energy giant plans to reduce its global workforce by up to 20% by the end of 2026 due to project delays and cost issues, including hurdles in its acquisition of Hess. The company's Oil, Products, and Gas division will be consolidated into Upstream and Downstream, Midstream & Chemicals segments as it aims for $3 billion in cost reductions through technology and asset sales.
Source: YAHOO