The global oil and gas industry experienced an 18% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by Sherwin-Williams with 4,176 job postings according to GlobalData’s analysis of oil & gas company job postings. Buy the report here.
Notably, Management Occupations jobs accounted for a 9% share of the global oil and gas industry’s new job postings in Q2 2023, down 24% over the prior quarter.
Management Occupations drive oil and gas hiring activity
Management Occupations, with a share of 9%, was the occupation with the greatest hiring activity in the global oil and gas industry in Q2 2023, ahead of Architecture and Engineering Occupations with a 9% share of job postings.
The other prominent roles include Office and Administrative Support Occupations with an 8% share in Q2 2023, Business and Financial Operations Occupations with a 27% share and Computer and Mathematical 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 Q2 2023.
Sherwin-Williams posted 4,176 jobs in Q2 2023 and registered a drop of 43% over the previous quarter, followed by Baker Hughes with 4,101 jobs and a 48% growth. John Wood Group with 3,143 jobs and Valvoline with 2,803 jobs, recorded a 12% decline and a 154% rise, respectively, while Halliburton recorded a 80% rise with 2,762 job postings during Q2 2023.
Hiring activity was driven by North America with a 57% share of total new job postings, Q2 2023
North America held the leading share of the new job postings in the global oil and gas industry with a 57% share, 0.76% lower over Q1 2023. Europe stood next with 20%, registering a 19% decline over the previous quarter.
Asia-Pacific with a 16% share marked a 17% drop over Q1 2023. The Middle East & Africa and South & Central America accounted for shares of 16% and 14% respectively.