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flag Chevron cuts 111 oil jobs in North Dakota post-merger, citing lower oil prices and industry consolidation.

flag Chevron is laying off 111 oil workers in North Dakota, exceeding initial projections, following its $53-billion merger with Hess Corp. flag The cuts, effective Sept. 26, impact Minot and Tioga, with Chevron offering severance and job support. flag The move is part of industry-wide consolidation driven by lower oil prices, which are down 16% from last year. flag Despite a drop in drilling rigs from 39 to 32 over the past year and declining job openings, North Dakota’s unemployment remains low at 2.5%, with no spike in job center visits, suggesting some workers found new roles. flag Chevron reaffirmed its focus on developing shale resources in the Bakken formation.

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