The No. 2 U.S. oil producer decided to reduce staff after reviewing operations late last year as energy prices fell, the sources said. Chevron confirmed that it was offering buyouts to workers in its shale gas business in the eastern United States but did not comment on any other U.S. job cuts. Other oil and gas producers and service companies have begun cutting workers as prices have dived on soaring production and tepid demand, which has been made worse by the coronavirus outbreak. …read more
Source:: Yahoo Finance
