The global oil and gas industry experienced a 22% drop in new job postings related to social responsibility in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 31% decrease versus Q3 2022. GlobalData’s Oil & Gas: Hiring Trends & Signals Q3 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.
Notably, Management Occupations jobs accounted for a 10% share of the global oil and gas industry’s social responsibility-related total new job postings in Q3 2023, down 22% over the prior quarter.
Management Occupations drive social responsibility-related hiring activity
Management Occupations, with a share of 10%, emerged as the top social responsibility-related job roles within the oil and gas industry in Q3 2023, with new job postings drop by 22% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 10% in Q3 2023, with new job postings dropping by 27% over the previous quarter.
The other prominent social responsibility roles include Office and Administrative Support Occupations with a 7% share in Q3 2023, Installation, Maintenance, and Repair Occupations with a 7% share of new job postings.
Top five companies in oil and gas industry accounted for 30% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Baker Hughes, BASF, John Wood Group, LyondellBasell Industries, and UGI. Together they accounted for a combined share of 30% of all social responsibility-related new jobs in the oil and gas industry.
Baker Hughes posted 2,333 social responsibility-related new jobs in Q3 2023, BASF 565 jobs, John Wood Group 539 jobs, LyondellBasell Industries 470 jobs, and UGI 388 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 62.92% share of total new job postings, Q3 2023
The largest share of social responsibility-related new job postings in the oil and gas industry in Q3 2023 was in the US with 62.92% followed by the UK (5.69%) and Canada (3.93%). The share represented by the US was two percentage points higher than the 60.73% share it accounted for in Q2 2023.
For further understanding of GlobalData's Oil & Gas: Hiring Trends & Signals Q3 2023, buy the report here.