Chevron plans to cut its global workforce by 15 per cent to 20 per cent by next year, as part of efforts to reduce costs and raise profits.
The US oil giant employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9000 employees. The company recently moved its headquarters from San Ramon, California, to Houston, Texas, and is targeting $US2 billion ($3.2 billion) to $US3 billion of structural cost reductions by 2026.
