For 150 years, Chevron Corporation (CVX) has been 1 of the world’s largest companies, a large employer, and a top-tier vigor producer. It's besides 1 of the 30 stocks included successful the Dow Jones Industrial Average, America's oldest banal marketplace index.
It’s progressive successful virtually each facet of the lipid and state industry, from exploring for lipid and earthy state resources to refining crude lipid into fuel, transporting products, and selling gasoline astatine much than 20,000 Chevron and Texaco stations worldwide — 8,000 of which are successful the U.S. alone.
According to Chevron’s astir caller yearly report, the institution had 39,742 employees arsenic of December 31, 2024.
This fig included everyone from firm workers, specified arsenic ineligible and communications specialists, to technicians and engineers astatine its refineries, drilling sites, and offshore platforms. Another 5,556 employees worked astatine its work stations and convenience stores.
But connected February 12, 2025, Chevron announced plans to trim its workforce by 15% to 20% by the extremity of 2026 — a fig that could full up to 9,000 jobs, according to CNBC. The layoffs are portion of a company-wide restructuring program to amended efficiency, simplify organizational structure, and trim costs by $3 billion.
Despite the layoffs, Chevron maintains a monolithic planetary beingness — and has a $395.5 cardinal marketplace cap, which ranks it arsenic the 16th astir invaluable institution connected the Fortune 500.
Chevron’s workers are located successful 51 countries crossed six continents, including energy-producing regions specified arsenic Australia, Kazakhstan, and Nigeria, wherever they absorption connected exploration and lipid and state production.
Employees successful the United Kingdom specialize successful Chevron’s proviso chain, including shipping operations.
More than fractional of Chevron’s full workforce — 57% — is connected U.S. payrolls.
Related: What does Chevron mean? A look wrong its firm logo
From its earliest beginnings arsenic the Pacific Coast Oil Company and aboriginal arsenic the Standard Oil Company of California, Chevron loomed ample successful California. Its office were successful San Francisco for decades earlier the institution relocated its firm hub to San Ramon successful 1999, wherever it housed astir 2,000 employees successful a 92-acre field known arsenic Chevron Park.
But owed to stringent vigor regulations connected greenhouse state emissions, successful 2024, Chevron near San Ramon and relocated its operations to Houston, Texas. In the process, respective executives retired; The San Francisco Chronicle reported that the institution besides chopped astir 100 employees from its San Ramon payroll and different 75 from its Bakersfield concern unit.

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