Chevron Tries to Make Room for M-U Workers with Buyout Offers

Last week MDN brought you the news that Chevron will begin to trim 320 jobs in the Marcellus/Utica beginning in early April (see Chevron Cutting 320 Jobs in Marcellus/Utica Beginning April 6th). The Chevron job cuts should not be a surprise, given the company is selling all of its M-U assets (see Chevron Writes Down $5B+ in Marc/Utica Assets, Looks to Sell All). From the beginning of the M-U exit process, Chevron has made it plain it hopes to transfer at least some of the M-U positions to other regions/areas of the company. We now have more insight as to how that may happen.