(Bloomberg) — Chevron Corp. is cutting almost 650 jobs in the Houston area and North Dakota after completing the $53 billion takeover of Hess Corp.
The reductions include 575 positions in Texas and 70 in North Dakota, and will take effect Sept. 26, according to a Chevron spokesperson on Wednesday. Chevron formally closed on its acquisition of Houston-based Hess at the end of last week.
See also: Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration
“As part of the integration, we will consolidate or eliminate some positions,” Chevron spokesperson Allison Cook wrote in an email. “These are difficult decisions which we do not make lightly. We understand the impact this news may have on employees, their families and the communities where we operate.”
Departing employees are being offered severance and job-placement benefits, she added.
