The Chevron Chair and CEO Mike Wart offer the latest details on the potential $ 53 billion merger of the company, which with Hayes on ‘Morning with Maria’.
Chevron is trying to trim its headcon with a large amount.
Energy will lie down 15%-20% “Vice Chairing Mark Nelson, Vice Chairing of Chevron Corp, said in a Wednesday statement,” In the dialect of his workers from their workers to simplify our organizational structure, (executed) rapidly and more efficiently, and to strengthen the company. .
At the end of 2023, Chevron’s global headcon included its most recent annual report, more than 40,200 non-service station employees and about 5,400 service station workers.
(Jonathan RAA/Nurfoto Getty Image)
Nelson said Company Prior to the end of the year 2026, this year will end the “most” of the trimming trimmed.
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Chevron Vice Chair wrote, “We do not take these tasks lightly and support our employees through infection. But the responsible leadership to improve the long -term competition of our company for our people, our shareholders and our communities These steps are required for. ” ,
According to Nelson, the energy veteran company aims to reduce its structural costs through $ 2-$ 3 billion before 2027 and other functions.
A Chevron Gas Station in Los Angeles (Mario Tama/Getty Image/File)
CFO EIMEAR Bonner said in November, “When the company released financial results of its third quarter, Chevron targets to achieve that level of savings. He indicated that the company would “update through 2025” on its efforts. “
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According to Nelson’s statement, the energy giants “is optimizing their portfolio, taking advantage of technology to increase productivity, and how and where work is performed, including extended use of global centers.”
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| CVX | Chevron Corp. | 154.93 | -2.49 |
-1.58% |
He said that the structure of the organization changes that the Chevron is forming “will improve standardization, centralization, efficiency and results, unlock the new growth capacity and the Chevron drive will help the industry-composition to perform the performance now and in future.”
(Reute/Mike Black/File)
The news comes about two weeks after the energy giant reveals his fourth quarter earnings.
Chevron Exc Eche Steps from California to Texas.
Chevron produced $ 52.2 billion in total revenue and about $ 3.24 billion in net income in the fourth quarter. More than the entirety of 2024, the company saw a revenue of $ 202.79 billion and a net income of $ 17.66 billion, falling down by 17.35% in the latter part of two figures.
Global of the company Net oil Year after year increased by 7%.
CEO Mike Varth Last month stated that the company is “in a strong position today, with near-term catalysts which are expected to motivate the company to perform even better in 2025 and 2026.”
