Chevron's Texas Job Cuts: What's Really Driving the Layoffs?

Key Takeaways CVX will cut around 200 jobs in Midland, TX by July 15 as part of a larger global restructuring. The company aims to streamline operations and expand centralized service hubs worldwide. CVX's 2025 earnings are expected to drop 32%, with shares down 3% year to date.Chevron Corporation (CVX) is moving forward with significant layoffs in Texas, shedding roughly 200 positions in Midland by July 15, 2025. This round of job cuts is part of the oil giant’s broader global restructuring plan, targeti ...