The oil and gas industry is undoubtedly one of the top-paying industries around the world. So it is very much okay to see questions such as, ‘is integrated oil companies a good career path.’ That’s because people are always considering picking up a career in the industry. Of course, the answer to the question is yes. Is Integrated Oil Companies A Good Career Path?
Jobs in the integrated oil industry are not only lucrative, but they also offer interesting work-life balance and high job security. Since the demand for oil never goes away, this is a great industry for those looking for stability and security. By working in an integrated oil company, you will be able to increase your earning potential while ensuring that you’ll always be able to find work.
If you have been asking, ‘is integrated oil companies a good career path,’ you should keep reading this post. It will address everything you need to know about the industry, and why picking up a career path there is a good idea.
Table of Contents
First, What Is An Integrated Oil Company?
An integrated oil company is one that produces, refines, and distributes petroleum products. Some of the largest integrated oil companies are ExxonMobil, Shell, BP and Chevron, among others. Integrated oil companies typically have large-scale operations in multiple countries so they can be self-sufficient for their entire supply chain.
Integrated oil companies can be found all over the world in places like Russia, Venezuela, and Saudi Arabia. They’re also known as oil majors or supermajors.
What makes an integrated oil company so different from others is that they not only produce and sell their own products, but they also have refining and marketing operations. According to Investopedia, this gives them a competitive advantage because it allows them to have control over their supply chain. At the same time, they don’t have to rely on third-party middlemen for the distribution of their products (i.e., gas stations).
Is Integrated Oil Companies A Good Career Path?
The short answer is yes. But let’s expand things a lit bit more so you can see why we recommend pursuing a career path in the industry. The integrated oil and gas industry includes all industries that are directly or indirectly involved in the production and distribution of oil. This includes the extraction and refining of oil and gas.
There are lots of industries involved in the production of oil and gas – from the exploration and production t refining, transportation, and storage. And that means more job opportunities in the field. If you are looking to pursue a career in this industry, you are likely not going to struggle to get a job – and that’s a good thing for any young professional.
Workers in the integrated oil companies are also paid well for their effort. Working in the industry may be a bit tough and different from mainstream jobs, but the pay is really lucrative and can set anyone up for a good life, even for the future.
Additionally, oil and gas is always in high demand across the world. That means high job security for workers working in the industry. What more? The oil and gas industry is not only lucrative and in demand; it is also a constantly growing industry with lots of perks available for its workers.
Think of health insurance, growth and personal development, retirement plans, work-life balance, and many more. All these are some of the amazing things you stand a chance to enjoy if you choose a career path in integrated oil companies.
So, you don’t need to stress yourself by asking, ‘is integrated oil companies a good career path,’ just put things in place and go for it.
How Much Do Workers In Integrated Oil Companies Earn?
Earning in the industry varies, depending on a couple of factors such as the sector, job position, experience, and educational qualifications. But according to the U.S. Bureau of Labor Statistics, the average annual salary of a worker in the industry is about $45,000. That’s about $22 per hour.
What Are Some Top-Paying Jobs In Integrated Oil Companies?
#1: Lease operator ($322,251 per year)
Lease operators are responsible for ensuring that all oil and gas taken from the drilling sites are transported to gas stations without any issues. They regularly check vehicles and monitor the equipment used in the transportation process. The average salary of a lease operator is $322,251 per year.
#2: Safety director ($132,141 per year)
Working in the industry calls for a lot of safety measures. The safety director ensures safety standards are followed across every area of the company. They protect the safety of all the workers and also communicate with the communities to be sure they are not breaking any environmental rules and regulations. The average salary of a safety director is $132,141 per year.
#3: Pipeline construction manager ($130,087 per year)
This professional is in charge of all the financial and technical operations associated with drilling. They maintain and assess all wells that the company has and ensure drilling operations are efficiently carried out on the wells. The average salary of a pipeline construction manager is $130,087 per year.
#4: Drilling engineer ($95,548 per year)
This role is solely reserved for qualified engineers. Drilling engineers earn a pretty decent salary. Their job is to execute all drilling operations involved in the extraction of crude oil and natural gas from the earth. A drilling engineer also tests and manages a team of drillers as well. The average salary of a drilling engineer is $95,548.
#5: Project manager ($92,500 per year)
Project managers are responsible for managing different tasks in various aspects of the company. They manage and oversee tasks from start to finish. So if you are the type that loves setting and crushing goals, this might be a good role for you. The average annual salary of a project manager is $92,500.
#6: Oil hauler ($86,065 per year)
This professional is responsible for transporting oil to the refineries after they are extracted. That is where the raw material is converted into the final product. The role is basically a trucking role, and so it doesn’t require any stringent educational qualifications. The average salary of a hauler is $86,065 per annum.
#7: Geologist ($78,668 per year)
Geologists help survey the land in order to discover new oil deposits underneath the ground. Their job is important to the industry, and so they are often provided with sophisticated equipment to help them easily detect where crude oil is hiding beneath the ground. The average salary of a geologist is $78,668 per year.
What Are the Top Integrated Oil Companies In the United States?
There are a couple of these companies in the U.S. So, integrated oil companies are not only located in Saudi Arabia, Malaysia, or France. There are some of them also in the United States. Some of them are:
- Chevron Corporation
- ConocoPhillips
- Enterprise Products
- Exxon Mobil
- Marathon Petroleum
- Phillips 66
- Valero Energy