Chevron trimming headcount by 15%-20% in layoffs
1. Chevron plans to cut 15%-20% of its workforce to enhance efficiency. 2. The company targets $2-$3 billion in structural cost savings by 2027. 3. Chevron reported $202.79 billion in revenue for 2024, down 17.35% year-over-year. 4. Global net oil-equivalent production rose 7% year-over-year. 5. CEO expects strong performance catalysts for 2025 and 2026.