Article Image
IPFS News Link • Employment & Jobs

Chevron cutting 2,000 jobs in refining restructuring

• By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) -- Chevron Corp. said Tuesday it plans to cut 2,000 jobs this year as part of an effort to realize savings in its refining operations, as the oil major signals that recent woes in the business of making gasoline and diesel fuel will persist well beyond 2010. Separately, Chevron plans to boost its production by about 1% a year for the next four years, as it ramps up mega-projects such as the Gorgon LNG facility in Western Australia.