The oil and gas (O&G) sector has seen a decline in the number of active jobs (jobs open to staff) in 2024, but hiring trends remain relatively better compared to pre-COVID-19 levels -crisis.
In 2024, countries with high vacancies in the sector included the US, India and the UK, while countries with high year-on-year growth in vacancies included Sweden and the United Arab Emirates (UAE).
However, according to GlobalData, there has been a noticeable increase in employment at non-US companies in locations outside the US.
Sherla Sriprada, business fundamentals analyst at GlobalData, said: “It is notable that while the US continues to account for the majority of jobs posted by several key players, other countries across continents are also seeing hiring activity at these companies.
Interestingly, companies headquartered in the US also provide a large number of jobs in other countries. The US provides a significant number of jobs, but companies also appear to want to pursue opportunities outside the US.”
Exxon and Chevron also saw a decline in job openings. Most of the job openings from these two companies were for the US. Meanwhile, they also posted a significant number of jobs for the Philippines, Argentina and several locations in India.
In 2024, Exxon posted 144 jobs in Bengaluru, India, and Chevron posted 58 jobs, where they both set up offices.
Exxon is focusing on emerging market lithium products in the US and lubricants businesses in Argentina, while Chevron is looking at bulk supply and trading activities in Argentina and compliance with greenhouse gas/methane regulations in the US, the GlobalData study said.
ExxonMobil’s LNG affiliate in India supports upstream operations and provides advisory services to other upstream ExxonMobil affiliates and conducts LNG market development activities.
In November 2024, the company posted the role of “Senior Production Engineer (Oil & Gas)” to support ExxonMobil’s global portfolio of deepwater, conventional, unconventional and heavy oil assets. The role also looks at applying technologies for oilfield production optimization using data-driven or physics-based methods.
The “Instrument and Electrical Reliability Engineering (I&E RE)” function at Chevron’s ENGINE Center (located in Bengaluru, India) provides instrumentation and electrical asset support to Chevron’s operating refineries and liquefied natural gas (LNG) facilities.
Sriprada added: “An analysis of employment trends at Exxon and Chevron from GlobalData’s Company Filings Analytics Database also shows that the global number of employees at Exxon has declined over the past five years, while Chevron has seen an increase in 2023.
However, Exxon’s U.S. employee count has seen a marginal increase in 2023, while Chevron’s U.S. employee count has seen much healthier growth.”
“The oil and gas industry sees hiring outside the US increase while overall employment falls, says GlobalData” was originally created and published by Offshore Technology, a brand owned by GlobalData.
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