Chevron Corporation (NYSE:CVX) spent a huge amount of money to send its Angolan workers to Louisiana to train them for offshore jobs. The idea was to help Angolan workers understand how natural-gas turbines work, a facility that is best available in the U.S. Though Chevron makes a lot of money in Angola, it still needs to train Angolan workers in the U.S.
Chevron Corporation (NYSE:CVX) places a lot of importance on training its employees. Apart from its on-the-job-training, it also has a Performance Management Process (PMP) in place, which helps employees to reach their professional goals. On-the-job education and career pathways have helped Chevron employees to learn new languages like Arabic and French, which are very important in areas where Chevron employees work.
Chevron Corporation (NYSE:CVX) was ranked one of the 50 Best Places to Work by the Glassdoor for the second consecutive year this year. With one of the company’s punch lines reading “We invest in people”, Chevron surely knows the importance of investing time, money and resources in training its employees.
Which of these three stocks is the best to invest?
Training employees in the U.S., whether American or foreign, has helped ExxonMobil, Anadarko Petroleum Corporation (NYSE:APC) and Chevron Corporation (NYSE:CVX) to boost productivity, skills and employee satisfaction. All these factors are directly and positively correlated with increased revenue. While oil and gas companies are thought of as the pinnacle of capitalist institutions, they are surprisingly more concerned about employee welfare and education than other sectors.
Exxon Mobil Corporation (NYSE:XOM) has ensured that its productivity will be increased thanks to highly qualified local employees who can travel around the world with North American-standard education and training. Training employees will help companies like ExxonMobil, Anadarko Petroleum Corporation (NYSE:APC) and Chevron Corporation (NYSE:CVX) to retain employees and avoid attrition, which is very common.
Other than that, each company has its own way of drilling and exploring, and conducting its oil and gas business. When any of these oil companies trains its employees, it is basically ensuring uniform product quality across locations, no matter where the oil and gas is being drilled and produced.
Exxon Mobil, Anadarko Petroleum Corporation (NYSE:APC) and Chevron Corporation (NYSE:CVX) form the cream of oil and gas stocks. All three companies have invested heavily in employee training and education, which ensures that they do not have to experience problems related to attrition, employee dissatisfaction, strikes and lack of productivity.
Investing in any of these three will likely be a safe and secure investment that will bring returns in the long term. At a recent price of $91.12, Exxon Mobil Corporation (NYSE:XOM) is affordable when compared with Chevron, which costs almost $123 based on recent prices. However, Chevron Corporation (NYSE:CVX) is one of the most lucrative oil and gas stocks to invest in at the moment. Anadarko Petroleum Corporation (NYSE:APC) trades at about $88 and is also one of the most stable oil and gas stocks at the moment.
Jaiyant Cavale has no position in any stocks mentioned. The Motley Fool recommends Chevron Corporation (NYSE:CVX).
The article ExxonMobil Secures Its Future With a Cool Half Mil originally appeared on Fool.com.
Jaiyant is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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