By the end of September, more than 550 Houston-based employees will be without a job following the Chevron merger. Here's how experts say this could impact the industry.

Chevron is expected to lay off more than 500 employees in Houston this fall as part of its integration with Hess Corporation, the company confirmed Thursday.

The Houston-based energy giant Chevron will lay off 575 employees from the Downtown Hess Tower following its $53 billion acquisition of Hess Corp ., according to the company.

Chevron is moving forward with its massive $53 Billion acquisition of Hess Corporation. This comes after winning a high-stakes legal battle against ExxonMobil.

Chevron Corporation (NYSE: CVX) announced today that it has completed its acquisition of Hess Corporation (NYSE: HES) following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset.

Exxon Mobil Corporation dispute, Guyana's oil profits, and Chevron's 2026 cash flow outlook. Click for my CVX update.

Chevron Corp. won its arbitration battle with Exxon Mobil Corp. and has closed its $53-billion deal to buy Hess Corp. more than 20 months after the takeover was announced.

Chevron Corp. announced Friday that it has completed its acquisition of Hess Corp. The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in critical energy markets around the world,

Chevron’s Hess deal boosts Guyana exposure and adds shale growth, while strong cash flow and returns support its outlook. Learn why CVX stock is a buy.

Houston-based Chevron Corp. plans to lay off approximately 575 employees from Hess Tower downtown now that it has closed its $53 billion acquisition of Hess Corp. © 2025 American City Business Journals.

Thai oil and gas giant PTT Exploration and Production (PTTEP) has acquired full ownership of Block A-18 in the Malaysia–Thailand Joint Development Area (MTJDA) in a $450 million transaction with Chevron units.