HOUSTON - More job cuts hit the oil and gas industry as Chevron announced Tuesday that it is cutting 1,500 positions worldwide, including nearly 1,000 in Houston.
Chevron said due to cost reduction efforts approximately 950 positions will be reduced in Houston, 500 positions in San Ramon and another 50 positions in international locations. Around 270 of the total job cuts are currently vacant positions that will not be filled.
A statement released Tuesday to KPRC 2 News read, "In light of the current market environment, Chevron is taking action to reduce internal costs in multiple operating units and the corporate center. These initiatives, which are currently underway, are focused on increasing efficiency, reducing costs and focusing on work that directly supports business priorities."
The company said the job cuts are part of its effort to reduce costs by about $1 billion.
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