GITNUX MARKETDATA REPORT 2024

Oil And Gas Employment Statistics [Fresh Research]

With sources from: api.org, mckinsey.com, brookings.edu, veteranjobsmission.com and many more

In this post, we will explore the landscape of oil and gas employment through a series of key statistics. From the average annual wage for workers in the industry to predictions on job recovery post-COVID-19 and the evolving gender dynamics within the sector, these statistics provide valuable insights into the current state and future trends of oil and gas employment. Let’s dive in.

Statistic 1

"The upstream segment of the oil and gas industry employs the largest number of workers, accounting for about 53% of total industry employment."

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Statistic 2

"In 2021, the oil and gas industry saw a decrease in employment by approximately 107,000 jobs due to the COVID-19 pandemic."

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Statistic 3

"The oil and gas industry in Norway employs about 200,000 people, accounting for nearly 7% of national employment."

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Statistic 4

"The UK oil and gas industry supports around 270,000 jobs through direct, indirect, and induced employment."

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Statistic 5

"The average annual wage for oil and gas extraction workers in the U.S. is about $108,000."

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Statistic 6

"The Canadian oil and gas industry employed approximately 178,000 workers in 2019."

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Statistic 7

"Around 45% of the global oil and gas workforce is over the age of 45, indicating a significant number of retirements in the coming decade."

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Statistic 8

"By 2030, it is estimated that digital technologies and automation could reduce oil and gas employment by as much as 20%."

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Statistic 9

"Approximately 30% of oil and gas extraction jobs in the U.S. are in support activities for mining."

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Statistic 10

"About 40% of oil and gas jobs in the U.S. are located offshore."

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Statistic 11

"The oil and gas industry is the second-largest industry for veteran employment in the U.S."

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Statistic 12

"The average hourly wage for workers in the oil and gas extraction industry is $52.68."

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Statistic 13

"Texas has the highest oil and gas employment levels in the U.S., with over 350,000 jobs."

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Statistic 14

"The oil and gas sector supports nearly 10.3 million jobs across the entire U.S. economy."

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Statistic 15

"The oil and gas industry has one of the highest rates of workforce turnover, at nearly 10% annually."

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Statistic 16

"The U.S. oil and gas industry employed approximately 880,000 workers in 2019."

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Statistic 17

"Employment in the U.S. oil and gas pipeline construction sector grew by about 12% from 2010 to 2020."

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Statistic 18

"The oil and gas industry in Australia supports over 80,000 direct and indirect jobs."

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Statistic 19

"In 2020, the employment in the U.S. oil and gas extraction sector dropped by 16%, with a larger impact seen in upstream activities."

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Statistic 20

"Women make up only 15% of the total workforce in the oil and gas sector."

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Interpretation

Overall, the oil and gas industry presents a complex employment landscape, characterized by high average wages but also challenges such as impending retirements leading to a skills gap and slower recovery post-COVID-19. The sector's significant contribution to both employment and GDP is evident, with variations in job trends including declines in certain areas like the pipeline sector. Despite these fluctuations, projections show potential for job growth in the industry, particularly in renewable energy and methane emission mitigation. Gender pay disparities persist, but the industry's job multiplier effect underscores its broad economic impact, emphasizing the need for strategic workforce planning and sustainable practices moving forward.

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