Chevron Cuts Staff in 2018
Chevron Corporation further reduced its headcount in 2018, according to the company’s latest annual report.
The company’s workforce, excluding service station personnel, totaled 45,047 at year end 2018, the report showed. This figure stood at 48,596 at year end 2017 and 51,953 at year end 2016.
Fellow majors Royal Dutch Shell plc and BP plc also decreased their staff counts in 2018, according to their latest annual reports.
At December 31, 2018, Shell employed 81,000 people, compared to 83,000 at December 31, 2017 and 91,000 at December 31, 2016. BP employed 73,000 people at December 31, 2018, compared to 74,000 people in 2017.
ExxonMobil Corporation, Total S.A and Equinor ASA all increased their workforces last year, their latest annual reports showed.
Exxon had 71,000 regular employees at year end 2018, compared to 69,600 at year end 2017. Total had 104,460 employees at December 31, 2018, compared to 98,277 workers at December 31, 2017, and Equinor had 20,525 permanent staff in 2018, compared to 20,245 in 2017.
Last Friday, Chevron announced that it had agreed to buy Anadarko Petroleum Corporation.
In a company statement released last week, Chevron Chairman and CEO Michael Wirth said the Anadarko transaction will unlock “significant value for shareholders, generating anticipated annual run-rate synergies of approximately $2 billion”.
When asked by Rigzone if the acquisition would result in any staff cuts, Kent Robertson, Chevron’s manager of global external affairs, replied with the following statement:
“Anadarko has talented employees who will strengthen our workforce. Until the transaction closes, it’s business as usual, and both Chevron and Anadarko will operate as separate companies”.
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