Kevin Crowley

Houston

U.S. oil reporter for Bloomberg. Previously mining in South Africa, finance in London. Commodities, Arsenal & Springsteen.

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Articles

Chevron Plans 200 Job Cuts in the Permian Basin (Correct)

1 week ago | news.bloomberglaw.com | Kevin Crowley

Chevron Corp. plans to lay off 200 employees in the Permian Basin, less than the 800 previously reported by the Texas Workforce Commission, the company said Thursday. The commission “mistakenly” reported the higher number on its website, Chevron said in an emailed statement, adding that it has alerted the commission to the error. The commission didn’t immediately respond to a request for comment made outside normal business hours.
Exxon Sees ‘Business as Usual’ in Guyana If It Loses Arbitration

1 week ago | news.bloombergtax.com | Kevin Crowley

Exxon Mobil Corp. said it will be “business as usual” in its massive Guyana oil field if it loses its arbitration case against Chevron Corp. and Hess Corp. Exxon remains confident it will prevail in the case over the field’s ownership at the International Chamber of Commerce, Neil Chapman, senior vice president, said at the Bernstein Strategic Decisions Conference in New York on Thursday. But there will be “no change for us” if Exxon loses, he said.
Exxon to Operate Guyana ‘Business as Usual’ If It Loses Chevron-Hess Arbitration

1 week ago | bloomberg.com | Kevin Crowley

The ExxonMobil Guyana offices in Georgetown, Guyana. (Bloomberg) -- Exxon Mobil Corp. said it will be “business as usual” in its massive Guyana oil field if it loses its arbitration case against Chevron Corp. and Hess Corp. Exxon remains confident it will prevail in the case over the field’s ownership at the International Chamber of Commerce, Neil Chapman, senior vice president, said at the Bernstein Strategic Decisions Conference in New York on Thursday.
Chevron Plans Nearly 800 Layoffs in Permian Basin

1 week ago | ttnews.com | Kevin Crowley

Business Fuel May 29, 2025 9:08 AM, EDT July 15 Layoff Date Set With Most Cuts in Midland, Texas A Chevron Corp. oil drilling rig in the Permian Basin near Midland, Texas. (Daniel Acker/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Chevron Corp. plans to lay off nearly 800 employees in the Permian Basin, its biggest oil-production operation globally.
Exxon mantendrá planes de inversión en su crecimiento aunque precio del petróleo descienda

1 week ago | bloomberglinea.com | Kevin Crowley

Bloomberg — Exxon Mobil Corp. (XOM) mantendrá intactos sus planes de asignación de capital aunque el petróleo descienda hacia los US$50 el barril, según afirmó su CEO, Darren Woods. A finales del año pasado, el gigante petrolero de Texas sometió a su negocio a pruebas de estrés en “escenarios más punitivos” que el entorno actual y llevó los resultados a la junta directiva, dijo Woods en la reunión anual de Exxon el miércoles.
Chevron Plans Nearly 800 Job Reductions in the Permian Basin (1)

1 week ago | news.bloombergtax.com | Kevin Crowley

Chevron Corp. plans to lay off nearly 800 employees in the Permian Basin, its biggest oil-production operation globally. The bulk of the reductions will come from Chevron’s Midcontinent campus on the outskirts of Midland, Texas, the company said in a filing with the Texas Workforce Commission. The filing listed the layoff date as July 15, 2025. “Chevron is taking action to simplify our operating model, execute work faster and more effectively,” the company said in a statement.
Chevron Plans Nearly 800 Job Reductions in the Permian Basin (1)

1 week ago | news.bloomberglaw.com | Kevin Crowley

Chevron Corp. plans to lay off nearly 800 employees in the Permian Basin, its biggest oil-production operation globally. The bulk of the reductions will come from Chevron’s Midcontinent campus on the outskirts of Midland, Texas, the company said in a filing with the Texas Workforce Commission. The filing listed the layoff date as July 15, 2025. “Chevron is taking action to simplify our operating model, execute work faster and more effectively,” the company said in a statement.
Chevron recortará 800 empleos en su principal operación petrolera en EE.UU.

1 week ago | bloomberglinea.com | Kevin Crowley |Daniel Acker

Bloomberg — Chevron Corp. (CVX) planea despedir a casi 800 empleados en la Cuenca Pérmica, su mayor operación de producción de petróleo a nivel mundial. La mayor parte de las reducciones provendrán del campus Midcontinent de Chevron en las afueras de Midland, Texas, dijo la compañía en una presentación ante la Comisión de Fuerza Laboral de Texas. La presentación enumeró la fecha de despido como el 15 de julio de 2025.
Chevron Plans 200 Job Cuts in the Permian Basin

1 week ago | bloomberg.com | Kevin Crowley

A Chevron Corp. oil drilling rig in the Permian Basin near Midland, Texas. (Bloomberg) -- Chevron Corp. plans to lay off 200 employees in the Permian Basin, less than the 800 previously reported by the Texas Workforce Commission, the company said Thursday. The commission “mistakenly” reported the higher number on its website, Chevron said in an emailed statement, adding that it has alerted the commission to the error.
Exxon to Keep Investing in Growth Even at $50-a-Barrel Oil

1 week ago | bloomberg.com | Kevin Crowley

An Exxon oil drilling rig near Stanton, Texas. (Bloomberg) -- Exxon Mobil Corp. will keep its capital allocation plans intact even if oil declines toward $50 a barrel, Chief Executive Officer Darren Woods said. Late last year, the Texas oil giant stress-tested its business at “more punitive scenarios” than the current environment and brought the results to the board, Woods said at Exxon’s annual meeting Wednesday.