The global oil and gas industry experienced a 19% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Air Liquide with 2,313 job postings according to GlobalData’s analysis of oil & gas company job postings. GlobalData’s Oil & Gas: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the oil & gas industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Architecture and Engineering Occupations jobs accounted for an 11% share of the global oil and gas industry’s new job postings in Q4 2023, up 9% over the prior quarter.
Architecture and Engineering Occupations drive oil and gas industry hiring activity
Architecture and Engineering Occupations, with a share of 11%, was the occupation with the greatest hiring activity in the global oil and gas industry in Q4 2023, ahead of Management Occupations with a 10% share of job postings.
The other prominent roles include Office and Administrative Support Occupations with an 8% share in Q4 2023, Business and Financial Operations Occupations with a 15% share and Installation, Maintenance, and Repair Occupations with a 6% share of new job postings.
Top five companies in oil and gas industry accounted for 16% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 16% share of the overall hiring activity in the global oil and gas industry in Q4 2023.
Air Liquide posted 2,313 jobs in Q4 2023 and registered a drop of 16% over the previous quarter, followed by NES Global Talent Norge with 2,285 jobs and an 11% decline. PPG Industries with 2,225 jobs and BASF with 2,100 jobs, recorded a 37% growth and a 6% drop, respectively, while Baker Hughes recorded a 21% drop with 1,873 job postings during Q4 2023.
Hiring activity was driven by North America with a 50% share of total new job postings, Q4 2023
North America held the leading share of the new job postings in the global oil and gas industry with a 50% share, a 7% lower over Q3 2023. Europe stood next with 22%, registering a 7% decline over the previous quarter.
Asia-Pacific with a 21% share marked a 5% drop over Q3 2023. The Middle East & Africa and South & Central America accounted for shares of 7% and 4% respectively.
For further understanding of GlobalData's Oil & Gas: Hiring Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
