Chevron to scrap 25% of Noble Energy jobs

SAN RAMON, California and HOUSTON — Chevron Corp. (NYSE: CVX) will lay off 25% of Noble Energy employees after it completed a $5 billion acquisition of the latter this month.

In a statement, Chevron confirmed that the company will make the cuts across the former Noble workforce, but did not specify how many jobs would be cut in Colorado.

“We are confident the Noble employees who are selected (to remain) will play an important role in helping Chevron compete in any environment,” the company said.

Reuters first reported the companywide layoffs, with more than 700…