Chevron has announced it will close its Aberdeen office, marking the end of the US oil giant’s decades-long presence in the city as part of a major global restructuring effort.
The closure is scheduled to take place between December 2025 and December 2026, according to a company spokesperson.
The decision comes as Chevron continues to streamline its operations, having previously revealed plans to sell its remaining UK North Sea oil and gas assets and exit the ageing basin after more than 55 years.
The company aims to refocus on more profitable assets worldwide, with a broader target of cutting up to $3 billion in costs by the end of 2026.
This restructuring includes potential layoffs of up to 20% of its workforce, as Chevron seeks to improve its performance relative to competitors.
While the closure represents a significant shift for Aberdeen, long regarded as a hub for North Sea oil and gas activity, Chevron will retain a UK presence through its London office.
The company has not yet disclosed how many jobs will be affected by the Aberdeen closure, and no immediate response was given regarding the impact on local employees.
Chevron’s exit from Aberdeen underscores wider changes in the North Sea energy sector, as international companies reassess their portfolios in response to maturing fields and evolving global energy priorities
