Chevron plans to lay off 200 employees in the Permian Basin, less than the 800 previously reported by the Texas Workforce Commission, the company said May 29.
May 29, 2025Latest News Updates From Kevin Crowley
Chevron Plans 200 Layoffs in Permian Basin
Hess Blames Tariffs for Delaying Toy Truck Release
Hess, the U.S. oil producer widely known for its signature green-and-white toy trucks, said the release of a collection of new miniature vehicles was delayed because of trade tariffs.
May 13, 2025Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Chevron and Exxon report earnings after oil prices tumble, indicating that President Donald Trumps trade war is hurting a key U.S. industry he pledged to help.
May 2, 2025Chevron Buys $2.3B Hess Stake, Stays Confident on Merger
Chevron bought nearly 5% of Hess as a show of confidence that it will win the arbitration battle with Exxon Mobil that has delayed the Hess takeover for more than a year.
March 17, 2025Chevron Plans to Cut Up to 20% of Workers in Efficiency Push
Chevron Corp. plans to cut its global workforce by 15% to 20% by next year, as part of efforts to reduce costs at the U.S. oil major.
February 12, 2025Exxon, Chevron Succumb to Oil-Refining Slump as Tariffs Loom
Profits for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.
January 31, 2025Hess Confident of Arbitration Win Against Exxon
Exxons claim of right-of-first-refusal to Hess 30% stake in Guyanas Stabroek block is baseless and without merit, CEO John Hess said at a Goldman Sachs Group Inc. conference Jan. 7.
January 7, 2025Exxon Raises Capital Spending as Worldwide Oil Glut Looms
Exxon Mobil will raise capital spending next year as its $60 billion purchase of Pioneer Natural Resources increases its oil production plans, threatening to worsen an expected crude glut.
December 11, 2024Chevron Slows Permian Growth in Hurdle to Trump Oil Plan
Chevron plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up energy output.
December 6, 2024Exxon Taps Low Carbon Chief to Lead Key Oil and Gas Division
Exxon Mobil Corp. named Dan Ammann as head of its upstream oil and gas business, putting its low carbon president in charge of its most profitable division.
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