Chevron CEO Reveals Why Hundreds of Texas Jobs Were Cut!

Chevron cut hundreds of Texas jobs while posting billions in profits — and the CEO says it was necessary. This video examines why Chevron scaled back its Texas workforce even as production grew and shareholder returns surged.

Chevron CEO Mike Wirth announced a sweeping cost-cutting plan that eliminated hundreds of jobs across Texas, including major layoffs in Midland and Houston. In this breakdown, we explain what Wirth meant by “structural efficiency,” why Texas became a primary target despite Chevron relocating its headquarters to Houston, and how Wall Street pressure reshaped the company’s priorities.

Viewers will learn:
How Chevron’s $3 billion cost-cutting strategy works and who pays the price
Why profitable operations were reduced instead of protected
How acquisitions and automation accelerated layoffs in Texas facilities

We also look at the human impact behind the numbers, from long-tenured engineers in the Permian Basin to corporate staff displaced after the Hess acquisition. While executives frame these decisions as optimization, the consequences for workers and local economies tell a different story.

This isn’t just about Chevron. It’s about how major corporations balance profit, labor, and public commitments — and what happens when those promises quietly unravel.

This channel covers corporate decisions, economic shifts, and leadership choices shaping the future of work in America.

Contact: noumanmarketer@gmail.com
Channel: Engineer Max