Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer's acquisition, according to two Hess employees who spoke with Reuters.

"Chevron cuts jobs following completion of Hess acquisition" was originally created and published by Offshore Technology, a GlobalData owned brand.

Chevron is moving forward with its massive $53 Billion acquisition of Hess Corporation. This comes after winning a high-stakes legal battle against ExxonMobil. The dispute centers on rights to one of the most significant oil discoveries in decades is located off the coast of Guyana.

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.

Chevron is nearing peak production in the Permian Basin and is strategically shifting its focus from growth to generating billions in free cash flow, aiming to sustain its output through 2040.

Chevron completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil fields off the coast of Guyana.

Exxon Mobil and Chevron's recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?

Chevron is giving Houston area youth organizations a boost with a $100,000 donation in honor of former U.S. Secretary of State Condoleezza Rice.