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John Hess plans to buy back his family’s iconic toy truck business next year from Chevron after the oil giant bought his company this month.

The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on July 23.

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade.

Chevron plans to lay off 200 employees in the Permian Basin, less than the 800 previously reported by the Texas Workforce Commission, the company said May 29. 

Hess, the U.S. oil producer widely known for its signature green-and-white toy trucks, said the release of a collection of new miniature vehicles was delayed because of trade tariffs.

Chevron and Exxon report earnings after oil prices tumble, indicating that President Donald Trump’s trade war is hurting a key U.S. industry he pledged to help.

TG Natural Resources, owned by Tokyo Gas, and Castleton Commodities International, is acquiring a 70% stake in the East Texas gas assets of Chevron U.S.A. for $525 million.

Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal.

The Trump administration extended Chevron’s deadline through May 27 to halt its operations in Venezuela, following lobbying efforts by the Texas-based oil giant.

Chevron bought nearly 5% of Hess as a show of confidence that it will win the arbitration battle with Exxon Mobil that has delayed the Hess takeover for more than a year.