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How Many Jobs Are Available In Integrated Oil Companies

ByBusinessmatters Staff | Updated: Apr 8, 2024
ByBusinessmatters Staff
Updated: Apr 8, 2024
Integrated-Oil-Companies-1-1.webp

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The integrated oil companies offer thousands of jobs. And the market provides more than just that. There are numerous economic advantages to it. The sector supports businesses in their supply chains, creates jobs, and pays billions in taxes.

The industry employs many people. It has only sustained 2.1 million jobs, but by 2025, that number is expected to rise to 3.9 million.

These positions include those held directly by the business and its supply chain.

Additionally, they assist companies with their supply chains. These refineries purchase crude oil from suppliers, who purchase products and services from other companies. As a result, the economy grows, and jobs are created.

Each year, integrated oil companies generate billions of dollars in revenue. This contributes to funding essential public services like infrastructure development and education.

Best Paying Jobs In Integrated Oil Companies

1. Production Director

Production managers supervise all aspects of the oil production process, including labor and material flow, scheduling, quality control, and inventory management.

They must have experience leading groups of workers and overseeing others’ work.

Earnings Prospects

A production manager makes, on average, $68,315 per year. That works to about $4,837 per month and $29.32 per hour.

2. Quality Assurance Manager

Before oil is distributed to customers, quality control supervisors ensure that it complies with industry standards and specifications. Inspections that they carry out include testing, packaging, shipping, and storage.

Earnings Prospects

A quality control supervisor typically earns $71,410 per year in salary. That equals roughly $20.83 per hour and $5,056 per month.

3. Specialist In Inventory Management

The inventory management specialist monitors the company’s inventory levels and also ensures there are enough supplies on hand to maintain smooth operations.

Additionally, they keep an eye on the cost of goods sold and decide whether more materials are required.

Earnings Prospects

A specialist in inventory management typically earns $43,392 per year. That equals roughly $21 per hour and $3,616 per month.

4. Coordinator For Scheduling

Scheduling coordinators coordinate workers who create a service for the industry. They ensure that everything goes as planned and that the appropriate individuals are always working.

Earnings Prospects

A scheduling coordinator makes an average of $33,640 per year. That equals roughly $19.18 per hour and $2,382 per month.

5. Employment Specialist

Labor relations experts assist businesses in effectively managing their workforces. They deal with employee grievances, such as complaints about pay, hours, or working conditions, and negotiate contracts with unions.

Earnings Prospects

Labour relations specialists make an average of $86,363 per year. That equals roughly $37.02 per hour and $6,115 per month.

6. Industrial Engineer

Manufacturing engineers create industry-specific devices and systems. They might create blueprints, supervise the building of equipment and facilities, and perform data analysis to boost productivity.

Earnings Prospects

A manufacturing engineer makes an average of $80,945 per year. That equals roughly $34.74 per hour and $5,731 per month.

7. Resource Manager

The movement of materials within the industry is the responsibility of material handlers. m They might unload shipments, load trucks, or sort goods according to size or type.

Earnings Prospects

A material handler makes an average of $37,459 per year. That equals roughly $17.48 per hour and $2,652 per month.

8. Engineer, Chemical

Chemical engineers use chemicals to design and construct products. They create goods that the sector requires—for exploration, refinement, etc. They contribute to ensuring the proper and safe operation of these products.

Earnings Prospects

The typical yearly wage for a chemical engineer is $81,158. That equals roughly $34.81 per hour and $5,746 per month.

9. Distribution Supervisor

Distribution managers manage the distribution of goods used by the company throughout its territories. This entails keeping track of sales data, ordering supplies, and managing inventory levels.

They also collaborate closely with Sales Managers to ensure that product orders are placed correctly and shipped to customers.

Earnings Prospects

A distribution manager makes an average of $67,000 per year. That equals roughly $28.70 per hour and $4,744 per month.

10. An Engineer In The Petroleum

Oil wells, refineries, pipelines, and power plants are all designed by petroleum engineers. They design and construct these structures to extract oil and gas in the industry.

Earnings Prospects

A petroleum engineer makes an average of $82,164 per year. That equals about $5,817 per month and $35.25 per hour.

11. Geoscientist

Geologists research the formation of rocks over time. They use geologic maps and samples to locate potential oil and gas deposits.

Earnings Prospects

An average geoscientist makes about $92,677 per year. That equals about $7,727 per month and $44.56 per hour.

12. Operation Director

Facilities management falls under the purview of operations managers. They are in charge of the staff’s daily tasks, such as hiring, training, scheduling, performance evaluations, and disciplinary actions.

They also collaborate closely with other managers to ensure the facility runs efficiently.

Earnings Prospects

A manager of operations typically makes $67,202 per year. That equals roughly $30.28 per hour and $4,758 per month.

13. Manager Of Pipeline Construction

The project team, which consists of safety personnel, engineers, tradespeople, and others engaged in the construction phase of a pipeline system, is managed by pipeline construction managers.

Earnings Prospects

A pipeline construction manager makes an average of $146,190 per year. That equals roughly $76 per hour and $12,182 per month.

How Much Does An Integrated Oil Company Job Pay?

Given that integrated oil firms process more than 4 million barrels of crude oil each day, there is a sizable demand for petroleum products of a high caliber.

In addition, as was just mentioned, the companies mentioned above generate some of the highest profits in their respective industries. As a direct result of this, jobs in the integrated oil sector have the highest salaries.

The job with the highest pay in the integrated oil industry is that of a refinery engineer.

For instance, the top 10% of engineers employed by integrated oil firms make an average salary of more than $137,000 annually, even though this group’s engineers’ median pay is around $108,000.

A petroleum engineer’s job is yet another in the integrated oil industry with a sizable salary. For instance, the average annual salary for petroleum engineers is between $106,000 and $120,000.

On the other hand, those who make up the top 10% of earners in this sector earn an average of more than $138,000 annually.

What Is The Hiring Process Like For Integrated Oil Companies?

Offering customized recruitment solutions to oil and gas clients around the world is something Chronos Oil and Gas takes great pride in. We strive to build enduring relationships with our clients, many of whom we work with only to fill various positions.

Where we have complete client commitment and buy-in, Chronos can help most effectively.

Guide On: What Companies Are In The Capital Goods Field?

We prefer clients who collaborate with us throughout the hiring process, providing us with as much information as possible upfront and prompt feedback on candidates who have been submitted.

Whether you’re searching for a single key person or hiring for an entire project, when you choose Chronos, you’ll have a dedicated point of contact who will stick with you throughout the entire project.

Although the process is so seamless that you don’t even need to be aware of how we work behind the scenes, here is some information for your peace of mind:

Your account manager will choose the area of the Chronos group that is best suited to handle your requirement and the scope of the support needed as soon as one of your positions needs to be filled.

A team of seasoned recruiters will be assigned to investigate your openings and create a comprehensive JIR (Job Insight Report) that includes competitor analysis, salary research, and candidate research.

We will now identify potential problems and give the client a timeframe for filling the position.

Then, your positions go live across our entire network of websites, job boards, social media, job aggregators, and other places we use to attract candidates.

Utilizing the web’s full potential, we will create pay-per-click campaigns to target your positions in search.

What Are Oil And Gas Industry Jobs?

It is not a sales pitch when we claim to have the industry’s largest candidate network. No other business in the sector has such easy access to more than 1 million people.

Our committed team of resources will actively contact potential candidates, selling your positions while vetting their suitability using the JIR, their industry knowledge, social media, job boards, our candidate database, and our company intelligence tools.

Recruiters will use our own specially developed software to filter and screen applicants, and they will begin the process of developing a candidate shortlist.

We will present candidates in a standard format with an overview of their expectations, requirements, and availability once a shortlist has been created.

At this point, we rely on your feedback to schedule interviews timely or identify situations where candidates might not be a good fit, allowing us to modify our search criteria accordingly.

Since qualified candidates rarely remain on the market for long, effective communication is crucial.

If the interview goes well, we’ll coordinate start dates, contracts, reference checks, and contract negotiations between the employer and the candidate.

Is Integrated Oil Companies a Good Career Path

According to the International Energy Agency, the energy sector significantly contributes to global GDP, making up 2.2% of it in 2016.

If you want to work in the oil and gas sector or the more significant energy sector, several alluring advantages are available.

Given the required educational background and other factors, salaries in this sector are frequently above average.

However, additional incentives, like sizable financial bonuses, will also be in use and make the possibility of remote working locations more appealing to employees.

Individual salaries vary greatly depending on experience levels and job-specific skills, but they rarely begin at less than £25k. Senior or more skilled employees can expect to be paid significantly more.

This industry depends heavily on technology, so as you advance along the path, you’ll have the chance to receive regular training using state-of-the-art tools. Your career trajectory will be significantly impacted by keeping your skills current.

Because of the widespread demand for these resources, travel opportunities are expected. This career choice gives you real geographic versatility, primarily if you work offshore due to the increasing demand for skilled professionals.

Oil and gas careers require a constant rate of learning. You can anticipate professional growth in tandem with employment in this industry because it is constantly changing, and technological and operational advancements are common.

Particularly specialized skills, like petroleum economics, oil and gas exploration management, refinery management, and operations material management, may be acquired in this industry.

But you’ll also improve your management, communication, and analytical skills.

Final Words

One of the highest paying positions in integrated oil companies is that which is above. Oil and gas companies employ most of the lucrative jobs in the sector. Consequently, oil and gas production and drilling are the best career options.

The industry provides numerous jobs, and it also offers numerous financial advantages. These businesses are essential in exploring and producing oil and natural gas resources, which are necessary to run our homes, businesses, and automobiles.

Check More: What Companies Are In The Basic Industries Field?

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