The global oil and gas industry experienced a 29% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Sherwin-Williams with 3,421 job postings according to GlobalData’s analysis of oil & gas company job postings. 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, Architecture and Engineering Occupations jobs accounted for an 8% share of the global oil and gas industry’s new job postings in Q3 2023, down 37% over the prior quarter.
Architecture and Engineering Occupations drive oil and gas industry hiring activity
Architecture and Engineering Occupations, with a share of 8%, was the occupation with the greatest hiring activity in the global oil and gas industry in Q3 2023, ahead of Office and Administrative Support Occupations with an 8% share of job postings.
The other prominent roles include Management Occupations with an 8% share in Q3 2023, Business and Financial Operations Occupations with a 38% share and Installation, Maintenance, and Repair Occupations with a 5% share of new job postings.
Top five companies in oil and gas industry accounted for 19% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 19% share of the overall hiring activity in the global oil and gas industry in Q3 2023.
Sherwin-Williams posted 3,421 jobs in Q3 2023 and registered a drop of 18% over the previous quarter, followed by John Wood Group with 3,361 jobs and a 21% decline. Marathon Petroleum with 2,659 jobs and Air Liquide with 2,638 jobs, recorded a 207% growth and a 23% drop, respectively, while NES Global Talent Norge recorded a 5% rise with 2,549 job postings during Q3 2023.
Hiring activity was driven by North America with a 58% share of total new job postings, Q3 2023
North America held the leading share of the new job postings in the global oil and gas industry with a 58% share, a 3% higher over Q2 2023. Europe stood next with 19%, registering a 40% decline over the previous quarter.
Asia-Pacific with a 16% share marked a 23% drop over Q2 2023. The Middle East & Africa and South & Central America accounted for shares of 34% and 28% respectively.
For further understanding of GlobalData's Oil & Gas: Hiring Trends & Signals Q3 2023, buy the report here.