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Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday.
Chevron is expected to lay off more than 500 employees in Houston this fall as part of its integration with Hess Corporation, the company confirmed Thursday.
The Houston-based energy giant Chevron will lay off 575 employees from the Downtown Hess Tower following its $53 billion acquisition of Hess Corp ., according to the company.
“As part of the integration, we will consolidate or eliminate some positions. As required by the WARN Act, Chevron has provided notice of a planned workforce reduction to appropriate state and local government representatives for Downtown Houston and North Dakota,” the spokesperson went on to state.
Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer's acquisition, according to two Hess employees who spoke with Reuters.
Chevron is giving Houston area youth organizations a boost with a $100,000 donation in honor of former U.S. Secretary of State Condoleezza Rice.
Chevron Phillips Chemical cuts ribbon on its expansive new HQ with 787 employees united under one roof in The Woodlands.
The petrochemical giant sold its former headquarters at 10001 Six Pines Drive amid its move to a built-to-suit office building in the Houston suburb.
Chevron struck the deal to acquire Hess in October 2023. Exxon tried to block the move last year, saying it had a right of first refusal to buy Hess’ Guyana assets because of its joint operating agreement with Hess and the China National Offshore Oil Corp., or Cnooc, for the Stabroek Block.
Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade
Chevron Corp. CVX-N cut 575 positions in the Houston area after it completed its US$55-billion merger with Hess Corp. HES-N +0.96% , a Texas Workforce Commission filing revealed on Wednesday.
By Arathy Somasekhar HOUSTON (Reuters) -Zinc levels in flagship U.S. offshore crude Mars' production stream are now within expected levels after some contamination was identified in recent weeks, oil producer Chevron said on Wednesday,