American oil giants offshore engineering jobs to India: Report

Major oil companies including Chevron and BP are increasingly offshoring specialized white-collar positions to lower-cost labor markets such as India while cutting thousands of jobs elsewhere, according to an exclusive report by The Wall Street Journal.

- HT Correspondent

NEW DELHI:

The trend comes as competition for engineering and geology positions in the oil and gas sector intensifies, exacerbated by recent tariffs announced by President Trump that sparked recession fears and sent oil prices tumbling.

Chevron announced in February plans to cut approximately 8,000 jobs, representing 20% of its global workforce, by the end of next year, the Journal reported. On the same day, the company revealed plans to expand its operations in India, where it aims to add about 600 jobs by year's end.