Chevron is set to lay off nearly 800 employees in Midland County, Texas, as part of a large-scale restructuring of its global workforce. The layoffs will take effect starting 15 July and are part of the company’s broader plan to cut 20 per cent of its global headcount by the end of 2026.
The move follows similar job cuts in California, where over 600 positions are being eliminated with effect from 1 June. The affected workers are primarily based in the Permian Basin, one of the most productive oilfields in the US. This region has long been a key contributor to Chevron’s oil output, making the scale of the upcoming layoffs especially significant.
Chevron had earlier revealed its intention to reduce its global workforce as part of efforts to streamline operations and improve long-term efficiency. The company is currently facing several challenges, including the loss of its operating license in Venezuela and delays in the approval of its proposed $53 billion acquisition of Hess Corporation, which is facing legal issues.
This latest round of job reductions draws attention to a broader trend across the oil and gas sector. Energy companies are under growing pressure to adapt to global uncertainties, regulatory changes, and a shifting energy market. Rising geopolitical tensions and volatile oil prices are prompting firms to re-evaluate their workforce needs and investment strategies.
While Chevron has not yet disclosed the specific roles impacted or detailed plans for employee support, the job cuts are expected to disrupt operations across Midland County’s local economy. The company’s restructuring aims to make it more agile and cost-effective in a market that continues to evolve rapidly.
