Chevron to cut 200 jobs in Texas Permian basin

(Bloomberg) -- Chevron plans to lay off approximately 200 employees in the Permian basin, the company announced in a filing with the Texas Workforce Commission. The TWC had mistakenly reported the number as 800 due to a data entry error, and it has since been corrected.

The bulk of the reductions will come from Chevron’s Midcontinent campus on the outskirts of Midland, Texas, and the TWC filing has listed the layoff date as July 15, 2025.

“Chevron is taking action to simplify our operating model, execute work faster and more effectively,” the company said in a statement. “This is a difficult decision, and we do not make it lightly.”

Chevron is undergoing one of the biggest restructurings in its modern history and announced plans to reduce its global workforce by as much as 20%, or 9,000 people, by the end of 2026. Chief Executive Officer Mike Wirth is looking to reduce structural costs by $3 billion, making the company more efficient and better able to withstand low oil prices. 

See also: Chevron to cut 20% of global workforce in cost-reduction effort

Chevron’s Permian production has grown rapidly in recent years, and is on course to reach 1 million barrels of oil equivalent a day (boed) in the coming months, which would make up nearly a third of the company’s global output. Wirth has said he expects the operation to plateau in the latter half of the 2020s as the company focuses on reduced spending and higher free cash flow.

“We understand the impact this news may have on our employees, their families and the communities where we operate,” Chevron said. It is offering severance benefits and job seekers’ support to affected employees, it said.