Leading oil companies, including Chevron (CVX), are increasingly offshoring their specialized white-collar positions to countries with lower labor costs such as India. This strategic move comes in response to sector challenges and aims to reduce operational expenses. Prior to this shift, competition for engineering and geology roles within the U.S. oil-and-gas sector was intense.
Additionally, other big names in the industry, such as BP (BP, Financial), Exxon Mobil (XOM), Shell (SHEL), and TotalEnergies (TTE), are following a similar path, transferring a significant part of their workforce to India. This transition has notably reduced the number of skilled positions available to U.S. workers in these companies.
This trend is part of a broader strategy within the oil-and-gas sector to adapt to changing market conditions and optimize the workforce for efficiency and cost-effectiveness.
