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With oil and gas roots in our rich culture, most people still wonder if integrated oil companies are a good career path.

The term integrated oil companies are widespread, yet it leaves people wondering if pursuing a career path in this sector is worth it.

Integrated oil companies are part of the sole reasons why the employment rate in the oil and gas sector is high.

The fact that these oil companies are in different sectors of the oil and gas industries shows how relevant this industry is.

This article will take you through the benefits, diverse career paths, and job prospects and, most importantly, answer your question – is integrated oil companies a good career path?

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What are Integrated Oil Companies?

Integrated oil and gas companies survey and map possible oil fields, explore and produce, process, and distribute oil and gas.

In other words, they are companies that are in the production of crude oil and natural gas.

They are also known as integrated oil companies because they do not concentrate on a single sector of the industry or the processes involved in the production and distribution of oil and gas.

These companies employ lots of professionals in a variety of departments to get the job done.

Examples of Integrated Oil Companies

The following are examples of integrated oil companies:

Chevron
ExxonMobil
Royal Dutch Shell
China National Petroleum (CNPC)
Saudi Aramco
BP

Is Integrated Oil Companies a Good Career Path?

Absolutely! The integrated oil and gas sector includes all industries involved in the extraction and processing of oil.

An extensive process chain is required to convert raw materials, such as crude oil, into a finished product.

These processes include extraction, production, refining, storage, and transportation of oil and gas translates to tons of jobs globally.

In other words, integrated oil companies provide endless job opportunities.

This is one of the most gratifying jobs available to today’s employees.

What are the Benefits of Working in Integrated Oil Companies?

There are several benefits you stand to derive from working in integrated oil services. To begin with, these benefits may be the sole reason why most professionals are in this industry.

Some of the benefits of working in integrated oil companies include:

Great pay

As you know, the salary tied to any position has the power to appeal to the financial side of people.

Therefore, there;’s no need to wonder why a position with a high salary attracts lots of candidates.

In summary, this is one of the benefits of working in this field.

Employees in this industry usually enjoy health and life insurance. It is standard for employers in this industry to provide this medical coverage for their employees.

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Vacation

Vacation packages are one of the perks in this industry. Employees look forward to these holidays or family vacations to rest and relax.

Retirement

Employers aid employees in developing retirement plans for the future. They do this by enrolling their employees in a fixed contribution plan automatically.

Job varieties

This industry houses tons of job opportunities. In fact, so many jobs find one that suits your personality type and specifications.

Stability

Integrated oil companies is known to be a stable industry. Therefore, professionals have little to worry about the future with the consistent demand for oil and gas.

Opportunicareer switch

Professionals in this industry can switch from one career path to another. However, they must possess the necessary skills and degrees for the new role or field.

Growth and personal development

Working in this industry affords employees the opportunity for growth and personal development.

What Degree Do You Need to Pursue a Career in Integrated Oil Companies?

Some degrees can launch your career in integrated oil companies. It’s pretty simple; if you want a career in this industry, you must bag a degree in any of the required disciplines.

You can consider a degree in any of the following disciplines:

Petroleum Engineering
Chemical engineering
Chemistry
Mathematics

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Required Skills for a Career in Integrated Oil Companies

As much as you desire a career in this field, it would be best if you braced yourself for it by acquiring the required skills.

Acquiring these skills is a sure bet in not only making an entry into this industry but climbing the career ladder.

For a successful entry and career growth in integrated oil companies, you need the following skills:

Communication skills
Information technology (IT) skills
Ability to work with a team
Problem-solving
Interpersonal skills
Creative Thinking
Ability to work under pressure
Multitasking
Flexibility
Analytical skills
Leadership skills
Project Management skills

What are the Integrated Oil Companies Job Prospects?

The job prospects for integrated oil companies look promising. Many people rely on oil and gas, which are used in a range of activities including heating, cooking, power production, and transportation, as projected.

Nearly 3.4 million jobs in the United States are directly tied to the utilization of oil and gas, with over 83 percent of this activity occurring in local communities.

In conclusion, this figure reflects many employment, high demand, and several career prospects!

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How Much Can You Make From This Field?

While you know you can make a decent salary in this field, no specific sum is tied to all the career paths.

That said, professionals in this industry earn differently. This salary difference is mainly due to the difference in job positions.

In other words, your earnings are tied down to your specialty. By implication, if the salary for a particular profession is exceptionally high, you’ll earn accordingly.

For instance, while a petroleum analyst earns an average salary of $65,044, a drilling engineer earns as much as $125,529.

7 Highly Paid Integrated Oil Companies Career Paths For Graduates

As you already know, jobs in integrated oil companies pay a high salary. With the variety in career paths, so does the salary differ.

It is usual for graduates to desire highly-paid career paths in this industry.

As such, we bring you some of the highly paid career paths in integrated oil companies:

1. Drilling Engineer

Drilling engineers design and execute methods for drilling wells that are both safe and cost-effective.

These engineers primarily work for international corporations that extract and produce oil and gas.

In addition, drilling engineers supervise the drilling of oil and gas wells.

The average salary of a drilling engineer, according to payscale.com is $125,529.

Salary scale: $100,483 – $140,000

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2. Mechanical Engineer

A mechanical engineer’s primary responsibility is designing, developing, manufacturing, and testing.

Mechanical engineers create power generation equipment which includes electric generators, internal combustion engines, and steam and gas turbines, along with power consumption machines such as refrigeration and air-conditioning systems.

In other words, mechanical engineers create, develop, and construct various technological systems and mechanisms for use by industry and consumers.

Comparably.com puts the average salary of a mechanical engineer at $114,190.

Salary scale: $91,352 – $137,028

3. Tool Pusher

A tool pusher coordinates and supervises oil or natural gas drilling rig activities.

Tool pushers maintain the rig stocked with the required tools, equipment, and supplies.

In other words, they ensure that the rig has the necessary tools, equipment, and supplies.

Also, tool pushers supervise employees on an oil rig or platform.

The average salary of a tool pusher in the United States is $112,718, according to salary.com.

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4. Petroleum Engineer

A petroleum engineer is a vital part of an oil company. Petroleum engineers are in charge of aiding in the discovery of oil and gas in order to meet a country’s energy requirements.

Also, petroleum engineers are responsible for designing and developing methods of extracting oil and gas from underground sources.

These engineers also develop new ways to extract oil and gas from old wells.

In summary, a petroleum engineer works on almost every oil and gas field assessment, development, and production level.

According to payscale.com, a chemical engineer earns an average salary of $100,924.

Salary scale: $67,000 – $172,000

5. Petroleum Geologist

A petroleum geologist is essential in integrated oil companies.

Petroleum geologists are environmental scientists that specialize in petroleum geology. His responsibilities include all facets of oil exploration and production.

Petroleum geologists specialize in determining which locations are most likely to contain oil reserves and how difficult it will be to drill a well.

These geologists earn an average salary of $105,574, according to payscale.com.

Salary scale: $62,000 – $176,000

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6. Process Engineer

Process engineers design, develop, and improve chemical and biological processes that convert raw materials such as natural gas and oil into finished products such as cosmetics and beer.

The majority of process engineers are graduates of chemical degree programs. Furthermore, most engineers work in offices or on-site at industrial plants and other large-scale production facilities.

Process engineers in the United States make an average salary of $78,500, according to comparably.com.

Salary scale: $62,800 – $94,200

7. Petroleum Analyst

Petroleum analysts are concerned with the financial aspects of oil and gas. They define the cost of product extraction and refining, including the level of demand.

These analysts are in charge of assessing petroleum prices and production costs.

Petroleum specialists also examine the cost of extracting and refining the commodity, as well as the level of demand.

Comparably.com puts the average salary of a petroleum analyst at $65,044.

Salary scale: $24,840 – $98,620

Conclusion

With the question of whether integrated oil companies are a good career path out of the way, it is high time you move in the right direction.

The benefits of securing a job in this sector are mind-blowing, to say the least, as well as the job prospects.

However, ensure you acquire the necessary skills and degrees for the profession or position.

We hope you found this helpful article. For feedback, reach us through the comment section.

Frequently Asked Questions on is Integrated Oil Companies a Good Career Path

How Do Integrated Oil Companies Make Money?

Oil and gas exploration and production account for at least 75% of the entire profitability of all integrated oil and gas enterprises.

What Does a Petroleum Engineer Do?

Petroleum engineers are responsible for assisting in the discovery of oil and gas to fulfill a country’s energy needs.

Petroleum engineers are also in charge of inventing and developing ways of extracting oil and gas from deposits beneath the earth.

Do Oil Companies Ever Lose Money?

Yes, oil companies lose money. Major oil and gas companies faced massive losses between 2014, 2015, and 2020.

Which Engineering is Best for the Future?

The following are some of the best engineering fields in the future:

Aerospace engineering
Petroleum engineering
Chemical engineering
Electrical engineering
Robotics engineering
Machine learning and artificial intelligence
Biochemical engineering
Telecommunication engineering

What Engineering is the Easiest?

Due to the lack of complex math and physics, environmental engineering is considered one of the most accessible engineering specialties to learn.

What is the Fastest-Growing Engineering Field?

According to statistics, the fastest-growing subfield is industrial engineering.

FAQs

How do integrated oil companies make money?

Oil and gas exploration and production account for at least 75% of the entire profitability of all integrated oil and gas enterprises.

What does a petroleum Engineer do?

Petroleum engineers are responsible for assisting in the discovery of oil and gas to fulfill a country’s energy needs.

Petroleum engineers are also in charge of inventing and developing ways of extracting oil and gas from deposits beneath the earth.

Do oil companies ever lose money?

Yes, oil companies lose money. Major oil and gas companies faced massive losses between 2014, 2015, and 2020.

Which engineering is best for future?

The following are some of the best engineering fields in the future:

Aerospace engineering
Petroleum engineering
Chemical engineering
Electrical engineering
Robotics engineering
Machine learning and artificial intelligence
Biochemical engineering
Telecommunication engineering

What engineering is the easiest?

Due to the lack of complex math and physics, environmental engineering is considered one of the most accessible engineering specialties to learn.

What is the fastest growing engineering field?

According to statistics, the fastest-growing subfield is industrial engineering.

References

zippia.com – Is Integrated Oil Companies a Good Career Path?
kamerpower.com – Is Integrated Oil Companies a Good Career Path? Best Paid Jobs in the Integrated Oil and Gas Industry