Chairman Chevron and CEO Mike Wirth provides the latest details of the potential merger of the company of $ 53 billion with Hess on “Mornings with Maria”.
Chevron tries to trim the number of employees for a considerable amount.
Energy giant releases 15%-20% his workers in an effort to “simplify our organizational structure [execute] Faster and more efficiently and place the company for stronger long -term competitiveness, ”said Chevron Corp. Mark Nelson on Wednesday.
The global number of Chevron's employees at the end of 2023 consisted of more than 40,200 employees of the non -skeletal station and almost 5,400 service staff, according to its last annual report.
(Jonathan Raa/Nurphoto through Getty Images)
Nelson said company It will complete the “most” layoffs that start this year, before the end of 2026.
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“We do not easily support these steps and support our employees through the transition. However, responsible management requires to take these steps to improve the long -term competitiveness of our company for our people, our shareholders and our communities,” wrote Vice -President Chevron vice -chairman.
The energy giant aims to reduce its structural costs through layoffs and other actions by $ 2-3 billion before 2027, according to Nelson.
Chevron petrol station in Los Angeles (Mario Tama/Getty Images/File)
CFO Eimear Bonner introduced in November, when the company published its financial results in the third quarter that Chevron focused on achieving this level of savings. She said the Company would provide an update of its efforts “by 2025.”
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According to Nelson's statement, the energy giant is “optimizes his portfolio, uses technology to increase productivity and change how and where work is done, including the widespread use of global centers”.
| Ticker | Security | Last | Conversion | Change % |
|---|---|---|---|---|
| Cvx | Chevron Corp. | 154,93 | -2,48 |
-1.58% |
He said that the organizational structure is changing that Chevron does, “will improve standardization, centralization, efficiency and results, unlock new growth potential and help Chevron manage top performance now”.
(Reuters/Mike Blake/File)
The news comes almost two weeks after the energy giant published their income in the fourth quarter.
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Chevron generated $ 52.2 billion in the fourth quarter in total income and almost $ 3.24 billion. Over the entire range of 2024, the company recorded revenues of $ 202.79 billion and a net income of $ 17.66 billion, with the two issues meant by 17.35% year -on -year.
Global society Net production of equivalent oil He published a 7% increase year -on -year.
Mike Wirth CEO She said that last month the company is “today in a strong position, with close catalysts for which the company is expected to make a better performance in 2025 and 2026.”
