Chevron to Cut 800 Jobs in the Permian

Chevron is giving the slip to 800 of its employees in the Permian as part of a larger cost-cutting drive that will see its global workforce reduced by a fifth by 2026. The news follows a round of 600 layoffs in California as the supermajor seeks to streamline its business in a challenging environment. Chevron just got its license to produce oil in Venezuela revoked, while it remains embroiled in a dispute with Exxon over the acquisition of Hess Corp. and its Guyana assets. The Trump administration will grant Chevron the right to keep its operations…

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