CVX has been in the news 321% more than usual
Apr 06, 2025, 2:30 AM
-3.31%
What does CVX do
Chevron, headquartered in San Ramon, California, employs 45,600 people and provides support for energy operations while producing crude oil, natural gas, and various petroleum products. The company engages in extensive upstream and downstream activities, including refining, transportation, and technology development.
CVX has been in the news recently: Chevron plans to lay off approximately 600 employees at its San Ramon headquarters as part of a workforce reduction strategy aimed for completion by 2026. This decision comes in the context of a fluctuating oil market, where U.S. crude prices have recently fallen to $60 a barrel.
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