Chevron plans to take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments, and property sales costs, primarily due to job cuts and relocations over the next two years. The company aims to reduce costs by up to $3 billion through 2026, with a $2 billion cut in 2025 project spending. Despite these challenges, Chevron's projected fourth-quarter profit is $4.35 billion, down from $6.45 billion a year ago.
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