Chevron cutting 200 jobs in Texas as company plans 20% workforce reduction

Houston -based CVX CVX says it puts more than 200 employees in Texas as it is preparing to reduce up to 20 % of the global workforce by the end of 2026.

Chevron has informed the Texas Performance Committee that the demobilization of workers would include 185 people on Deauville Boulevard, 14 at its North FM 1788 and seven others on its site in South Counter.

Workers ’demobilization is scheduled to occur on July 15.

Chevron reaches up to 20 % of the workforce

Chevron announced in February that the discounts at the company level can range from 6,750 to 9,000 employees, where there are 40200 employees at a non -service station and about 5400 workers at the service station, according to its last annual report.

The power giant will give 15 % to 20 % of its workers in an attempt to “simplify our organizational structure, [execute] In a statement, Mark Nelson, Vice president of Coron Corp, said in a statement that the company was “faster and more efficient, and the company has placed a stronger long competitive ability.

Mike Worth, CEO CEVRON, presents the main address, where senior executives and ministers at Houston meet at the annual GASTECH conference in Houston, Texas, on September 17, 2024. (Reuters / Calhan Ohair / Reuters)

Chevron ends with Venezuela contracts, but it will keep employees in the country: Report

Chevron has been under pressure since it ended the production contracts, services and purchases that had to work in Venezuela, and to delegate the governance of joint participation to its partner, as the government company PDVSA said, but it plans to keep its direct employees in the country, and four sources close to the decisions.

Chevron puts about 200 Texas employees as part of a global reduction of up to 9,000 workers by 2026. (David Paul Morris / Bloomberg via Getti Imachurs / Getty Pictures)

State and Treasury departments gave companies such as Chevron, Morel, the Prom and Repsol program until May 27 to receive shipments of Venezuelan crude oil, fuel and secondary products, where the licenses granted by the Biden administration were canceled amid the strict Trump administration’s position towards Vinzuela, which the US government extended.

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Chevron’s license to work in Venezuela ended on Tuesday, although sources told Reuters that Chevron had received instructions from the Trump administration, which will allow it to maintain its shares, assets and employees in Venezuela.

Aislinn Murphy contributed to this report.