CHEVRON RESTRUCTURES NON-U.S. OPERATIONS

Chevron Corp. has made further restructuring moves, this time focusing on non-U.S. operations. Effective Jan. 1 were the latest measures in a 2 year series of restructuring efforts aimed at sharpening strategies and enhancing business opportunities. Internal studies found the company needed to better integrate and coordinate international strategies. In the latest action, Chevron decentralized its foreign operations staff by moving key staff members into regional line organizations.

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