Table of Contents Show
- What are Integrated Oil Companies?
- Examples of Integrated Oil Companies
- Is Integrated Oil Companies a Good Career Path?
- What are the Benefits of Working in Integrated Oil Companies?
- What Degree Do You Need to Pursue a Career in Integrated Oil Companies?
- Required Skills for a Career in Integrated Oil Companies
- What are the Integrated Oil Companies Job Prospects?
- How Much Can You Make From This Field?
- 7 Highly Paid Integrated Oil Companies Career Paths For Graduates
- How do integrated oil companies make money?
- What does a petroleum Engineer do?
- Do oil companies ever lose money?
- Which engineering is best for future?
- What engineering is the easiest?
- What is the fastest growing engineering field?
With oil and gas having its root in our rich culture, most people still wonder if integrated oil companies is a good career path.
The term integrated oil companies is really common, yet leaves people wondering if it pursuing a career path in this sector is worth.
Integrated oil companies are part of the sole reasons why the employment rate in the oil and gas sector is high.
Due to the fact that these oil companies are into different sectors in the oil and gas industries show how relevant this industry.
This article will take you through the benefits, diverse career paths, 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 are enterprises that 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:
- Royal Dutch Shell
- China National Petroleum (CNPC)
- Saudi Aramco
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 in converting raw materials such as crude oil into a finished product.
These processes which include extraction, production, refining, storage, and transportation of oil and gas translates to tons of jobs globally.
In other words, the integrated oil companies provide an endless stream of job opportunities.
In fact, 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:
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 common for employers in this industry to provide this medical coverage for their employees.
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Vacation packages are one of the perks in this industry. Employees typically look forward to these holidays or family vacations to rest and relax.
Employers aid employees in developing retirement plans for the future. They do this by enrolling their employees in a fixed contribution plan automatically.
This industry houses tons of job opportunities. In fact, so many jobs that finding one that suits your personality type and specifications.
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.
Professionals in this industry can switch from one career path to another. However, they need to 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?
There are degrees that can launch your career in integrated oil companies. It’s quite simple, if you want a career in this industry, you need to bag a degree in any of the required disciplines.
You can consider a degree in any of the following disciplines:
- Petroleum Engineering
- Chemical engineering
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Required Skills for a Career in Integrated Oil Companies
As much as you desire a career in this field, you need to brace 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 in the process.
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
- Interpersonal skills
- Creative Thinking
- Ability to work under pressure
- 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 is 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 taking place in local communities.
In conclusion, this figure reflects a large number of employment, high demand, and several career prospects!
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How Much Can You Make From This Field?
While you are aware that you can make a decent salary in this field, there is no specific sum tied to all the career paths.
That said, professionals in this industry earn differently. This salary difference is largely 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 extremely 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 totally normal 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 mostly work for international corporations hat 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
2. Mechanical Engineer
A mechanical engineer’s primary responsibility is to design, develop, manufacture, and test.
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 a vast array of 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 activities on an oil or natural gas drilling rig.
Tool pushers are responsible for maintaining the rig stocked with the required tools, equipment, and supplies.
In other words, they ensure that the rig has all of the necessary tools, equipment, and supplies.
Also, tool pushers supervise a group of 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 come up with new ways to extract oil and gas from old wells.
In summary, a petroleum engineer works on almost every level of oil and gas field assessment, development, and production.
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 important 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 of these 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
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 in order 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. In fact, 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 difficult math and physics, environmental engineering is regarded as one of the most easiest engineering specialties to learn.
What is the fastest growing engineering field?
According to statistics, the fastest-growing subfield is industrial engineering.
With the question – is integrated oil companies a good career path out of the way, it is high time you made a move in the right direction.
The benefits of securing a job in this sector is mind blowing to say the least; as well as the job prospects.
However, ensure you acquire the necessary skills and degrees fit for the profession or job position.
We hope you found this article useful For feedback, reach us through the comment section.
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