Chevron to Slash Up to 20 Percent of Staff in Push for Cost-Cutting Efficiency

Chevron plans sweeping layoffs as part of $3 billion cost-cutting strategy.

A Chevron gas station in Los Angeles, Calif. Mario Tama/Getty Images

Chevron will reduce its global workforce by 15–20 percent by the end of 2026 as part of a sweeping effort to cut costs and streamline operations.

“Chevron is taking action to simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness,” Chevron vice chairman Mark Nelson told The Epoch Times in an emailed statement on Feb. 12.