Chevron spokesman Chris Merrifield said in an email to NOLA.com/The Times-Picayune the company has started to reduce the workforce at its Covington office, but he was “not in a position to provide detail” on the severity of the cuts.
Researchers from FindTheCompany calculated profits per employee among companies on the S&P 500 in 2014. Among the top 25 companies ranked according to that metric, 15 were oil and gas exploration and production companies.
The Houston company told the Texas Workforce Commission that the closing of its Mineral Wells facility, about 50 miles west of Fort Worth, will be complete in December, and an initial round of layoffs will take place in early October.
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