Chevron (CVX) intends to lay off 200 staff in the Permian Basin, a number far below the 800 previously reported by the Texas Workforce Commission, Bloomberg’s Kevin Crowley reports. The company said in an emailed statement that the commission “mistakenly” reported the higher number on its website, the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- Exxon Mobil Stock (XOM) Slips Despite Predicting Victory in $1T Chevron Battle
- Chevron Axes 800 Jobs Amid Major Restructuring Effort
- CVX, SHEL, BP: Oil Prices Rise as OPEC+ Leaves Output at Current Levels… for Now
- OPEC+ could discuss 2027 baselines, July hike this week, Reuters reports
- U.S. issues narrow license for Chevron to keep Venezuela assets, Reuters says