Author: Staff Report

Oil giant Chevron sent a notice to authorities on May 16 announcing the company’s plans to release 200 workers employed in its Midland-area operations in order to boost revenues. Chevron announced plans to slash its global workforce in February in order to “cut costs and simplify the business,” and in April the company announced it would lay off about 600 employees in California as the company moved corporate operations to Houston. According to earnings reports, Chevron’s net income for 2024 was $17.7 billion, a decrease of 17 percent compared to 2023. This resulted in a profit margin of 8.7 percent,…

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