How many super highly paid expats with their zillion allowances are out there? Each expat is at least a million dollars in cost. Eliminate 500 expats or move them back to their home base where possible. That is at least 500 million bucks. Could even be more. Will pay 25% of the next dividend obligation. That would be a good smart move for Chevron. Chevron’s financial health has been deteriorating ever since the 2015 oil crash . Looks like oil price is destined to the dog house for good now that the dems are coming back in power.
Its really time to get back to basics and develop local talent everywhere instead of bringing these expensive expats to pontificate their “been there, done that”. Chevron can’t afford them, not now not next year! Period!
Oil companies are going to go the way of dinosaurs, coal companies and mainframes unless they rethink their wasteful ways of doing business.