(Washington Examiner)—Chevron announced Wednesday it will lay off 800 employees in Midland County, Texas by July 15. Six hundred more are set to be laid off in California by June 1.
The cuts are part of the oil company’s effort to downsize its global workforce by 20% by 2026. Chevron has a major operation in Texas’s Permian Basin.
During the first quarter of this year, Chevron reported earnings of $3.5 billion, which was $2 billion less than 2024’s first quarter. According to the company, this was due to “a net loss of $175 million related to legal reserves and a tax charge due to changes in the energy profits levy in the United Kingdom that were partially offset by the fair value measurement of Hess Corporation shares.”
Chevron is in the process of acquiring Hess in a $53 billion deal.
“Despite changing market conditions, our resilient portfolio, strong balance sheet, and consistent
focus on capital and cost discipline position us to deliver industry-leading free cash flow growth
by 2026,” Chevron CEO Mike Wirth said when the first quarter results were released.
- Read More: washingtonexaminer.com
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.