Is integrated oil companies a good career path? If you are searching for a job, this question might pop up in your mind. We’ll give the answer to your question but first, let’s learn what an integrated oil company is. Companies that specialize in both oil extraction and refining are known as integrated oil companies. These multinational corporations are known as “oil majors.” Integrated oil firms have been operating for more than a century, and they are the world’s leading providers of crude oil.
They also manufacture and process crude oil in the meanwhile to provide a variety of goods. Gasoline, fuel oils, diesel, jet fuel, liquefied petroleum gas, petrochemicals, etc., are among the most vital items. Other companies that use petroleum in their manufacturing process, such as those that make plastics or fertilizers, rely on integrated oil companies for their downstream refining and marketing needs in addition to the upstream exploration and development services they provide.
The corporation has everything it needs to extract, process, and sell oil-based goods, making it a more lucrative job option than many others. In this article, we will find the answers to the following questions: is integrated oil companies a good career path, how many jobs are available in integrated oil companies, and what are the best paying jobs in integrated oil companies. So, keep reading.
So, Is Integrated Oil Companies A Good Career Path?
Yes, that’s surely a promising field of work. The answer to the question “is integrated oil companies a good career path” is a big YES! The extraction of petroleum is a huge and lucrative business that has created many job openings. Although there have been some attempts to reduce gasoline use, other petroleum products will still be used, and many of the skills developed here may be applied in other fields as well. Before selecting to work for an integrated oil company, you should ask yourself whether you possess the following qualities since the business is very competitive.
You will get more detailed answers to the question is integrated oil companies a good career path by reading the following points. This is actually a viable job option for you if you possess the following attributes.
- Fieldwork is a regular need for even more workplace jobs in this business, such as petroleum engineering. Working in an oil field directly is also quite physically demanding.
- If you have no problem fitting in in a big corporation, there’s nothing inherently undesirable about working for a large company. But you should be aware that the company culture will be very different from that of a smaller firm. If you work for the integrated oil business, it’s certain to be huge. If you don’t, you’ll probably wind up in the public sector or academia, neither of which are renowned for their moderate size.
- Taking risks is alright if they pay off. This is not mandatory for all positions in the business; for instance, petroleum analysts do not often face risk on the job. However, many of the professions in this sector need physical work around heavy equipment or the ability to go out and examine it.
Working in this field may be physically and mentally challenging, and it also has a high risk of causing harm. Many jobs, even those that don’t need a four-year degree, pay well because of this. Obviously, not everyone can or wants to work in such a risky and difficult field. I hope now it’s clear to you is integrated oil companies a good career path or not.
How Many Jobs Are Available In Integrated Oil Companies & What Are The Best Paying Jobs In Integrated Oil Companies?
The answers to the question “is integrated oil companies a good career path” strongly depend on the wages that this industry pays. But you don’t need to worry about how many jobs are available in integrated oil companies. Oil industry salaries are among the highest in the world. The average annual wage for the best paying jobs in integrated oil companies is as follows:
A petrologist is a scientist who specializes in the study of how rocks, minerals, and other substances are formed. Their median annual income is $98,000. They take part in all aspects of the oil and gas industry, from discovery to extraction to manufacturing. The petrophysicist should have extensive geological training. They investigate questions about rocks, such as how deep one can go before hitting water, what sort of rock it is, whether or not it contains precious minerals, and so on. They then use what they’ve learned to estimate how much oil or gas can be taken from such areas.
Engineers with expertise in the earth sciences are known as geoscientists. The average salary for one of these employees is $98k. Subterranean materials, fluids, and formations are the focus of their research, which they are tasked with both preparing and carrying out. Furthermore, geoscientists are engaged in a wide variety of projects where they create geological maps, conduct geological surveys, examine geophysical data, and provide advice on how to best manage oil resources. Geologists may find employment in sectors as diverse as oil and gas discovery and development, production, refining, and environmental protection.
This position is highly sought after in the Integrated Oil Industry. Their typical annual income is $85,000. The duties of this position include accounting, auditing, and submitting financial reports. Candidates must demonstrate expertise with Microsoft Excel and other accounting packages. They need to be able to work well with others and communicate well.
A drilling engineer is a specialist who works on the planning, design, and execution of oil and gas well drilling operations. They make an average of $96,000 each year. Geologists investigate how various rock types and environments interact with one another. When there is an issue, the drilling engineer figures out how to fix it. As an added precaution, they check that all safety precautions are in place before beginning drilling. All phases of a well’s drilling process, from initial planning to final completion, need the expertise of drilling engineers. They need to be very competent in all areas, especially mathematics, chemistry, physics, and engineering.
In an integrated oil firm, you, the reservoir engineer, will be in charge of running and maintaining the oilfields. Typically, they earn a median wage of $94,000 each year. Among the engineering tasks you’ll have to do are surveying, modeling, and design. The growth of an oilfield also requires you to supervise the construction of pumps and other necessary equipment.
A production engineer’s duties include the phases of product development, assembly, and upkeep. The typical income for this group is $93,000 per year. To guarantee that their items are up to par, they work together with other professionals in the fields of engineering, design, machining, and quality assurance. Production Engineers often come from a technical or scientific educational background. They must also be able to interpret complex documents like blueprints and instruction documentation.
Managers of such endeavors must coordinate their tasks to assure the project’s success. They make an average of $88,000 each year. They usually work in coordination with other groups to finish projects on schedule and within budget. Communication skills, multitasking ability, and the ability to handle many tasks at once are all necessities for project managers. They need to be able to function effectively under stress since they are often called upon to make snap decisions.
As you can see, numerous professions are offered in the oil business, and the sector is highly competitive. If you’re seeking a steady job with decent earnings and benefits and you have precise qualities, working for an integrated oil firm may be the correct decision for you. I hope now you can make the perfect decision for your career as you’ve learned the answer to the question “is integrated oil companies a good career path”.
Are you interested to know about other job ideas? Check out this guide onRisk Management Jobs.