Chevron Reshuffles Front Office After Layoff Announcement

February 26, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Posting close to a 20% year-on-year loss in revenue and announcing layoffs recently, U.S. supermajor Chevron Corporation (NYSE:CVX) (San Ramon, California) said it was consolidating some of its departments as part of a broader streamlining effort.Formed originally as the Standard Oil Company of California in the 1870s, Chevron last year announced plans to move its headquarters from its campus in San R