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Editor's note: An earlier version reported the number of layoffs at Chevron facilities in Midland, Texas, to be 800 employees. This number was confirmed by Chevron to have been incorrectly reported by the Texas Workforce Commission and has since been corrected.
Chevron is laying off some 200 employees at three Midland, Texas, facilities in the Permian Basin, effective July 15, the company confirmed to Hart Energy on May 30.
The Texas Workforce Commission (TWC) incorrectly reported the number of layoffs as 800 after Chevron filed documents on May 16 for its anticipated workforce reduction of approximately 200 employees in accordance with the WARN Act, a Chevron spokesperson said.
"The Texas Workforce Commission mistakenly reported the number of layoffs in Midland as 800 on its website. Chevron has reached out to the TWC to alert them to this error. Chevron aims to place as many employees as possible in other roles and is offering severance pay and transition assistance to those impacted," Chevron External Affairs Advisor Paula Beasley told Hart Energy.
Reuters reported in February that the supermajor would reduce its global workforce by up to 20%—about 8,000 people—as part of an effort to cut costs, simplify its business and complete a major acquisition.
Houston-based Chevron has faced production challenges including cost overruns and delays in a large Kazakhstan oilfield project. Its $53-billion deal to acquire oil producer Hess and gain a foothold in Guyana's lucrative oilfield is in limbo while a protracted court battle with rival Exxon Mobil plays out.
A consolidation trend that swept the upstream space through the end of 2024 has resulted in several large layoff announcements in Texas. In October, Marathon Oil advised the TWC of its plan to cut more than 500 jobs once its merger with ConocoPhillips closes.