Finance
Chevron to close Scotland office under restructuring
Published by Global Banking & Finance Review®
Posted on June 30, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 30, 2025
1 min readLast updated: January 23, 2026
Chevron will close its Aberdeen office by 2026 as part of restructuring, focusing on more profitable assets and cutting costs.
(Corrects paragraph 2 to remove reference that Aberdeen is Chevron's only office in Scotland)
By Shadia Nasralla
LONDON (Reuters) -Chevron will close its Aberdeen, Scotland, office, the U.S. oil producer said on Monday, ending the company's decades-long presence in the city as part of its ongoing restructuring.
The closure of the Aberdeen office will take place between December 2025 and December 2026, a Chevron spokesperson said in a statement.
Chevron last year said it planned to sell its remaining UK North Sea oil and gas assets and exit the aging basin after more than 55 years in a push to focus on more profitable assets. The company is in the midst of cutting up to $3 billion in costs by the end of next year, which includes laying off up to 20% of employees, in order to turn around the business that has lagged competitors.
Chevron will maintain its presence in the UK through its London office. The spokesperson did not immediately respond when asked how many jobs would be affected by the Aberdeen office closure.
(Reporting by Shadia Nasralla in London; writing by Sheila Dang; Editing by Cynthia Osterman)
Chevron will close its Aberdeen office between December 2025 and December 2026.
The closure is part of Chevron's ongoing restructuring efforts and its plan to exit the aging UK North Sea oil and gas assets.
The spokesperson did not immediately respond when asked how many jobs would be affected by the Aberdeen office closure.
Yes, Chevron will maintain its presence in the UK through its London office.
Chevron aims to focus on more profitable assets after exiting the UK North Sea after more than 55 years.
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