Chevron Corporation completed a $55bn acquisition, resulting in workforce reductions, led by CEO Mike Wirth.
2 reports, 2 independent
Updated Jul 24
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What happened
Chevron Corporation completed a $55bn acquisition, resulting in workforce reductions, led by CEO Mike Wirth.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Chevron completed a $55bn acquisition and subsequently reduced its workforce.1 source
Mike Wirth discussed integration plans for Chevron following the Hess merger.1 source
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The entities involved
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Chevron Corporation
American multinational energy corporation
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Mike Wirth
Chairman and CEO of Chevron Corporation since 2017
Nothing else this week.
Related events
- Chevron proposes expansion in Venezuela, noting that its corporate valuation is tied to the price of Brent crude.
- CEO of Chevron sold 317,100 shares of the company stock on August 18th.
- CEO of Chevron Corporation sold company shares on August 5th, disclosing the transaction via SEC filings.
- CVX, represented by CEO Mike Wirth, plans to double production to 600,000 bpd as part of the oil industry revival in Venezuela.
Coverage
Newest first; wire copies grouped- Offshore TechnologyChevron cuts jobs following completion of Hess acquisition Chevron has significantly reduced its workforce, cutting 575 positions in the Houston area, according to a Reuters report, citing a Texas Wo
- ReutersChevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals (Reuters) -Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas W