HOUSTON – Chevron is expected to lay off more than 500 employees in Houston this fall as part of its integration with Hess Corporation, the company confirmed Thursday.
The layoffs, which will affect 575 workers at Chevron’s downtown Houston offices, are scheduled for Sept. 26, according to a notice provided under the federal Worker Adjustment and Retraining Notification (WARN) Act. Employees were notified of the planned workforce reduction on July 18, the same day Chevron finalized its merger with Hess.
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“As part of the integration, we will consolidate or eliminate some positions,” Chevron said in a statement. “These are difficult decisions which we do not make lightly. We understand the impact this news may have on employees, their families and the communities where we operate.”
Chevron said it is offering severance benefits and outplacement support to affected employees.
The company emphasized its commitment to maintaining safe and reliable operations during the transition period.
“Our priority is to support our employees through this transition,” the statement said.
Chevron completed its $53 billion acquisition of Hess Corporation on July 18, expanding its oil and gas portfolio but also prompting workforce adjustments as the two companies combine operations.
The layoffs come amid a wave of consolidation in the energy sector, as companies seek to streamline operations and cut costs in response to shifting market conditions.