CHEVRON TO COMBINE R&D GROUPS

Chevron Corp. will consolidate five oil and gas research and technology organizations in California and Texas into one unit. The goal is to cut more than $60 million/year in operating and staff costs while improving the application of technology to petroleum operations. The change reflects a companywide campaign to reduce costs and improve competitiveness (OGJ, May 11, p. 26). It also responds to sharp cuts previously announced in Chevron's U.S. oil and gas operations, a shift to more

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