AUGUST 27, 2023 — 100+ PDC ENERGY WORKERS TO BE LAID OFF FOLLOWING ACQUISITION BY CHEVRON
In a post-acquisition of Denver, Colorado-based PDC Energy, the company has announced the termination of 100+ employees at PDC Energy’s Evans facility.
According to a Chevron statement, “These terminations will commence on October 31, 2023, and are due to a restructuring following Chevron’s acquisition of PDC Energy. Employees will be able to participate in a selection process, in which they may be offered positions and continue their employment with Chevron. Employees who are not selected for a position will be separated from employment.”
“The PDC Energy employees are critical to our success as we continue to operate in the DJ Basin. Both companies have very comparable cultures that focus on safe and reliable operations, and benefiting the communities where we operate.”
JUNE 28, 2022 — CHEVRON DOWNSIZING HEADQUARTERS, MOVING SOME STAFF FROM CALIFORNIA TO TEXAS
According to a company spokesperson, “Chevron plans to its Chevron Park campus in San Ramon, California and move to new modern leased space in San Ramon. The company also plans to relocate some jobs to Texas.”
“Chevron at present owns an office tower in Houston that once was the headquarters of failed energy company Enron. Chevron is also planning to build another office tower in Houston.”
“The current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population. The move is expected to occur during the July-through-September third quarter of 2023.
“Chevron will remain headquartered in California, where the company has a 140-year history and operations and partnerships throughout the state.”
OCTOBER 28, 2020 — 25% OF POST-MERGER NOBLE EMPLOYEES TARGETED FOR LAYOFFS
According to published reports, the company is planning to lay off 25% of Noble Energy's employees after its $4.1 billion purchase was completed last month. The layoff will impact approximately 570 Noble employees.
At that time, Michael Wirth, Chevron Chairman, and CEO, noted, “We are pleased to welcome Noble Energy’s employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio, and the combination is expected to deliver strong financial benefits.”
The layoffs are in addition to Chevron’s own 10-15% reduction in force of between 4,500 and 6,750 jobs. Dark days in the oil patch were hit hard by the pandemic’s restriction on travel and political initiatives that disfavor fossil fuels.
OCTOBER 10, 2020 — 700 EMPLOYEES TARGETED IN HOUSTON, TEXAS. MORE ON THE WAY
Commencing on October 23, 2020, the company plans to lay off 700 employees located in three offices in downtown Houston, Texas.
According to a spokesperson, the downturn in the global oil and gas markets is forcing the company “to build upon its strengths and maintain competitiveness in the ever-changing external environment.
Look for more layoffs as the company consolidates the operations of the recently acquired Houston, Texas-based Noble Energy. Including redundant staffing and surplus office space.
SEPTEMBER 12, 2020 — 11% OF WORKFORCE IN SAN JOAQUIN VALLEY BUSINESS UNIT IN BAKERSFIELD, CALIFORNIA
The company has announced plans to reduce its workforce by 11%, primarily at its San Joaquin Valley business unit which is headquarters in Bakersfield, California. It is anticipated that between 80 and 100 workers will be impacted by the reduction in force.
According to a company spokesperson, “Chevron has been taking action to better position the company to compete in any operating environment and address current market conditions. This includes reducing our operating costs and capital investments, driving efficiencies in our workflows and processes, and streamlining our organizational structures to reflect the efficiencies and match projected lower activity levels. The new organizational structures will, unfortunately, require fewer positions across the company including in the San Joaquin Valley Business Unit (SJVBU). Given our anticipated activity levels, the new SJVBU organization has 11% fewer positions. This is a difficult decision, and we do not make it lightly.”
MAY 30, 2020 — MAJOR REDUCTION IN FORCE IMPACTING UP TO 6,000 EMPLOYEES
According to a company spokesperson, “Chevron is planning a 10% to 15% reduction in its global workforce this year. The cuts equate to about 6,000 employees, which will be distributed across the company, but focused on corporate and support functions. Some field functions may be affected due to lower activity levels caused by lower oil and gas prices.
Chevron is streamlining our organizational structures to reflect the efficiencies and match projected activity levels. This is a difficult decision, and we do not make it lightly.”
MARCH 3, 2020 — Original Post…
San Ramon, California-based Chevron, the iconic oil and gas production and marketing company appears to be responding to declining oil and gas prices, Chevron has announced that it is planning to sell assets, including its gas wells and drilling operations in Ohio, Pennsylvania, and West Virginia. The close-out of its Appalachian Mountain operations will impact 320 employees in Moon, Pennsylvania, and Mount Braddock, Pennsylvania, and will commence in early April 2020.
According to a company spokesperson, “We believe the best use of our capital is investing in our most advantaged assets. With capital discipline and a conservative outlook comes the responsibility to make the tough choices necessary to deliver higher cash returns to our shareholders over the long term.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?