US energy giant Chevron will close its two offices in Aberdeen in favour of keeping its London base as its “regional hub”.
The Texas-headquartered oil firm has had a presence in the Scottish energy capital for more than five decades, but has now confirmed plans to leave between December 2025 and December 2026.
Reuters first reported the decision, saying it came amid a drive to cut some $3 billion in costs as well as 20% of the workforce.
It is as yet unclear how many jobs will be impacted by Chevron’s decision to pull out of Aberdeen completely.
According to the firm’s website, it currently has two sites in the city: Chevron House and Seafield House, both in the Hill of Rubislaw area.
Chevron is the second largest US oil producer after Exxon.
A spokesperson for the firm said: “As part of Chevron’s focus on optimising our global portfolio, we are simplifying our organisational structure. Consequently, a decision has been made to close our Aberdeen office.
“We are very proud of our long legacy in Aberdeen, and we appreciate the technical expertise, and many talented people connected to our Aberdeen office who have contributed to Chevron’s success.
“We would like to offer our appreciation for the people of Aberdeen and the city’s communities, where we have worked for over 55 years.
“Chevron will continue to maintain a presence in the UK through our London office, which serves as an important regional hub.”
In 2019, Ithaca Energy announced that it had purchased Chevron North Sea Limited for $2bn, effectively ending Chevron’s direct upstream operations in the area.
Chevron was historically a key player in the North Sea oil and gas industry, having operated in the region since the late 1960s.
The company invested heavily in exploration and production activities in the UK sector of the North Sea, contributing to major projects like the Alba, Captain, and Erskine fields.
