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Chevron offering buyouts to trim staffing

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Chevron Corp. is offering buyouts to reduce its oil exploration and production team in the United States, sources familiar with the matter told Reuters.

The No. 2 U.S. oil producer, Chevron employed 24,500 workers domestically at the end of 2019. Its global workforce is 48,200.

Chevron reported a quarterly loss to end 2019 on a $10.4 billion impairment charge.

Read more from Reuters.

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