Report: Chevron planning cost-cutting overhaul, focus on shale

Chevron CEO Michael Wirth is preparing to make sweeping changes at the oil and gas company, streamlining operations and placing more emphasis on shale, natural gas and deepwater businesses.

According to a report by Reuters, the company is trying to stay ahead of a weakness in shale that has hurt other large oil exploration companies. Wirth, who took over the company in early 2018, believes the moves will increase the company’s profitability. A source told Reuters that the changes have not yet been…

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North Texas Oil Production Companies

Information on The List was obtained from the Texas Railroad Commission’s Oil and Gas Production database and was pulled on Jan 4. Only North Texas-headquartered

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