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.
Hess exits deepwater exploration block in Suriname
Hess will relinquish Block 59 in offshore Suriname effective July 8, 2025. The block will return...