HOUSTON — Chevron will eliminate 700 jobs from its downtown Houston offices, according to the Houston Business Journal. That’s just over 10 percent of its downtown Houston workforce.
The layoffs will begin later this month.
The California-based company said earlier this year it would cut thousands of jobs worldwide by the end of the year.
Oil companies across the U.S. have had a bumpy ride through 2020, with the COVID-19 pandemic and OPEC fallout causing oil prices crashing to historically low levels.