
The oil and gas industry has experienced a decline in active job openings in 2024, yet hiring trends remain more favourable compared to pre-COVID levels, according to a recent report by GlobalData.
While the United States, India, and the United Kingdom continue to lead in job postings for the industry, Sweden and the United Arab Emirates (UAE) have shown significant year-on-year growth in job listings.
Notably, there has been a marked increase in job opportunities from non-US companies in locations outside the United States.
Sherla Sriprada, Business Fundamentals Analyst at GlobalData, commented on this trend: “It is noteworthy that even though the US continues to account for a majority of jobs posted by several key players, other countries across different continents are also seeing hiring activity by these companies.
“Interestingly, US-headquartered companies are also seen posting [a] good number of jobs in other nations.”
Major industry players Exxon and Chevron have also experienced a decline in job postings.
While the majority of their job listings were for US positions, both companies have shown increased hiring activity in other countries, including the Philippines, Argentina, and India.
In 2024, Exxon posted 144 jobs in Bengaluru, India, while Chevron posted 58 jobs in the same location, where both companies have established offices.
Exxon’s focus in India includes supporting its upstream business and conducting LNG market-development activities.
Meanwhile, Chevron’s ENGINE Center in Bengaluru provides instrumentation and electrical asset support to its operational refineries and LNG facilities.
Sriprada added: “Employment trend analysis at Exxon and Chevron from GlobalData’s Company Filings Analytics Database reveals that Exxon’s worldwide employee counts have declined over the last five years, while Chevron has seen an increase in 2023.
“However, Exxon US employee counts have seen a marginal increase in 2023 while Chevron US employee counts had a much healthier growth.”
This shift in hiring trends reflects the industry’s adaptation to changing global markets and technological advancements, as companies seek to diversify their workforce and tap into international talent pools.