The global oil and gas industry experienced a 13% drop in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by Sherwin-Williams with 4,550 job postings according to GlobalData’s analysis of oil & gas company job postings. GlobalData’s Oil & Gas: Hiring Trends & Signals Q2 2024 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, Management Occupations jobs accounted for a 9% share of the global oil and gas industry’s new job postings in Q2 2024, down 8% over the prior quarter.
Management Occupations drive oil and gas industry 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 2024, ahead of Office and Administrative Support Occupations with an 8% share of job postings.
The other prominent roles include Architecture and Engineering Occupations with a 7% share in Q2 2024, Business and Financial Operations Occupations with a 5% share and Production Occupations with a 5% 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 2024.
Sherwin-Williams posted 4,550 jobs in Q2 2024 and registered a growth of 15% over the previous quarter, followed by Air Liquide with 3,027 jobs and a 14% growth. John Wood Group with 2,554 jobs and BASF with 2,357 jobs, recorded a 9% decline and a 22% rise, respectively, while Nufarm recorded a 44% drop with 1,958 job postings during Q2 2024.
Hiring activity was driven by North America with a 51% share of total new job postings, Q2 2024
North America held the leading share of the new job postings in the global oil and gas industry with a 51% share, a 4% higher over Q1 2024. Europe stood next with 21%, registering a 23% decline over the previous quarter.
Asia-Pacific with a 21% share marked a 20% drop over Q1 2024. The South & Central America and Middle East & Africa accounted for shares of 0.19% and 15% respectively.
For further understanding of GlobalData's Oil & Gas: Hiring Trends & Signals Q2 2024, buy the report here.
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