Home
Offshore
Chevron looks to centralize operations as part of $3 billion cost-reduction strategy

Chevron looks to centralize operations as part of $3 billion cost-reduction strategy

by Offshore Reporter | Jul 9, 2025 | Offshore

Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson.

← Previous Next →

Latest News

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

Feb 26, 2026

UK officials are holding talks with North Sea oil and gas producers on potentially ending the...

Guyana president to open OTC 2026 in Houston as offshore investment surges

Feb 26, 2026

Guyana President Irfaan Ali will deliver the opening address at OTC 2026 in Houston, highlighting...

Saipem drillship acquisition canceled as Deep Value Driller sells unit to third party

Feb 26, 2026

Saipem said it will not complete its planned acquisition of the Deep Value Driller drillship after...

Your Portal to Offshore Decommissioning Insights

Chevron looks to centralize operations as part of $3 billion cost-reduction strategy

Latest News

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

Guyana president to open OTC 2026 in Houston as offshore investment surges

Saipem drillship acquisition canceled as Deep Value Driller sells unit to third party

Categories

Subscribe to our Newsletter

Thank you for subscribing to us.

About GODA

Quick Links

Subscribe to our Newsletter

Thank you for subscribing to us.