Chevron Corp Chief Executive Michael Wirth is preparing sweeping changes at the ...
- Chevron Corp Chief Executive Michael Wirth is preparing sweeping changes at the No. 2 U.S. oil and gas company that would cut costs and streamline operations in a drive to boost profitability, according to people familiar with the matter.
Chevron has been among the strongest performers among the big oil majors but the company is trying to stay ahead of weakness in shale that has hurt other large oil exploration companies.“The company is proactively evaluating existing operating models and structures to better position Chevron to compete and win in any environment,” said Chevron spokesman Kent Robertson.
Chevron’s proposed changes could lead to the departure over time of several hundred employees now assigned to overlapping production technology groups likely to be consolidated or folded, the sources said. “One of the great benefits of the advent of shale is it has inspired greatness in other asset classes,” Wirth told Wall Street analysts in March.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Tim Cook describes his vision as Apple breaks ground on Texas facilityCook said he's 'proud' to build the new MacPro in America at the highly anticipated new Austin campus, though he admitted it's unlikely iPhones ever will be produced in the U.S.
Baca lebih lajut »
Tim Cook vows to fight for DACA recipients and users' privacy ahead of 2020EXCLUSIVE: Apple CEO Tim Cook vows to RebeccaJarvis to continue fighting for DACA recipients and users' privacy ahead of 2020:
Baca lebih lajut »
Could Sam Hunt's DUI Arrest Delay Expected Release of New Music?Multiple sources tell ET it's now unclear if the song will drop as planned.
Baca lebih lajut »
Exclusive: Unilever, Henkel and buyout funds eye bids for Coty's $7 billion beauty brands – sourcesConsumer goods giants Unilever and Henkel and a series of buyout funds including...
Baca lebih lajut »
Exclusive: LVMH gets access to Tiffany's books after it raises offer - sourcesFrench luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provid...
Baca lebih lajut »
Exclusive: Exxon aims to sell $25 billion of assets to focus on mega-projects - sourcesExxon Mobil plans to sell up to $25 billion of oil and gas fields in Europe, Asi...
Baca lebih lajut »