Chevron to lay off 125 employees July 1, could Permian Basin be affected?
EDITOR'S NOTE: the above video is an airing of Powering the Permian, May 7, 2025. Watch ABC Big 2 news and FOX 24 news, Wednesdays for a new segment.
ODESSA, Texas (KMID/KPEJ) – Thursday, oil-giant, Chevron announced it would be laying off 125 employees from the Denver, Colorado office starting July 1, 2025.
This is part of their announcement in February that they would cut their workforce by 15-20% this year.
This comes as oil prices dropped to a 4-year-low, sitting at just over $60/barrel Tuesday.
In a statement to Chevron Employees in Colorado Trudi Lewis Boyd, Chevron's corporate affairs manager, said in an email quote 'A number of Denver positions will move to the company's headquarters in Houston as part of the reorganization.'
We've reached out to Chevron's Permian Basin location in Midland to see if local jobs would be impacted and have not recieved a response. This is a developing story.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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