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Chevron posts $36.5bn profit for 2022

Chevron on Friday posted a $36.5 billion profit for 2022. The profit more than double year-earlier earnings, but it fell shy of Wall Street estimates, undercut by asset write downs and rising costs, according to Reuters. The multinational which is the second largest U.S. oil producer’s adjusted net profit for 2022 exceeded its previous record […]

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Chevron suffers $5.5bn loss in 2020

Chevron reported a fourthquarter loss yesterday to conclude a rocky year for oil companies as the coronavirus battered demand for petroleum products. The US oil giant, which trimmed staff, and slashed capital spending to ride out the downturn, finished the year with a loss of $5.5 billion, compared with earnings of 2.9 billion in 2019. […]

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Chevron makes workers reapply for jobs

Chevron is asking its employees to reapply for jobs as a part of efforts to reduce the company’s headcount by up to 15 per cent of its 50,000 workforce globally, a report showed. Citing unnamed sources in the know, the report by Reuters noted that the move is part of efforts to reduce the supermajor […]

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Chevron sacks 1,000 additional staff in Nigeria

United States oil supermajor, Chevron Corporarion on Friday declared plans to reduce its workforce by 25 per cent in the various levels of the organisation in Nigeria, creating confusion among the workers. This, checks by Saturday Telegraph showed, will affect 1000 workers. The plan to sack staff was contained in a statement signed by Chevron […]

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