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Houston-based Chevron Corp. (NYSE: CVX) says it is laying off more than 200 employees in Texas as it is preparing to cut up to 20% of its global workforce by the end of the end of 2026.

Chevron, Colorado’s largest oil and gas producer, plans to lay off about 125 employees in its Denver office starting July 1 as part of an effort to cut costs companywide. The company said in a ...