No matter who you are or what you’ve been through, there comes a time in everyone’s life when they must make a decision about the career they want to pursue for the rest of their working lives.
Choosing a career path requires serious consideration. However, if you don’t know where to start, choosing this choice might be challenging.
You’ve probably heard about integrated oil companies before, but you’re still on the fence and thinking “Is integrated oil companies a good career path?“
But before you make any final decisions, let’s review all you need to know about integrated oil enterprises as a career option.
What Is An Integrated Oil Company?
A corporation that manufactures, refines, and distributes petroleum products is known as an integrated oil company. ExxonMobil, Shell, BP, and Chevron, to name a few, are among the largest integrated oil firms. Integrated oil businesses are capable of handling their own supply chain needs because of the magnitude of their activities in several nations.
Countries like Russia, Venezuela, and Saudi Arabia are just a few of the many that are home to integrated oil firms. They are the largest oil company in the world.
A truly integrated oil firm will not only produce and sell its own products but will also have its own refining and marketing activities, setting it apart from the competition. Having command of their supply chain provides them an edge in the market, as stated by Investopedia. Likewise, they may distribute their goods without depending on any other parties (i.e., gas stations).
They use tens of thousands of people across hundreds of departments to get things done. The discovery of oil deposits marks the beginning of their business operations, which thereafter expand to include drilling, exploration, and ultimately, sales.
What Are The Benefits of Working for an Integrated Oil Company?
Integrated oil companies are great places to work since they provide employees exposure to many different fields. Depending on the demands of the company, you may be asked to work in a number of different places. You may potentially get employment at a company that has been around since the early 1900s.
How Much Do Workers In Integrated Oil Companies Earn?
The amount of money one may make in this field is very variable and is determined by a number of criteria like the sector, work position, amount of experience, and educational credentials. On the other hand, the Bureau of Labor Statistics of the United States reports that the typical annual compensation of an employee in this sector is around $45,000. That works out to almost $22 an hour.
Is Integrated Oil Companies A Good Career Path?
If you are looking for a one-word answer then it’s a yes. When we talk about the oil and gas business, we’re talking about the entire value chain, from exploration to production to distribution.
There is a long and complicated process that must be followed in order to convert crude oil into a completed product. Employment opportunities in the oil and gas sector are in the millions across the world.
There are a wide variety of professions available in the oil and gas industry, ranging from prospecting and production to refining, marketing, storage, and transportation of oil and gas.
This opens up a lot of doors for young people, both in terms of getting work with integrated oil corporations and advancing their careers within such firms.
When you become aware of the prospects that may be found for you in this industry, you won’t want to give it any more thought than that.
It’s not just the oil and gas industry that’s booming right now. Nevertheless, it is also one that is continually improving and growing, which makes it an ideal choice for a profession and provides a number of benefits, including the following:
- Insurance for medical bills.
- A happy medium between one’s professional and personal lives.
- Rewards in the form of commissions and bonuses for the sales team’s performance.
- Personal progress and development, as well as general growth.
- Retirement planning.
- Working for an integrated oil firm provides you with a number of additional perks and advantages in addition to those already mentioned.
Even though a degree is necessary for practically all of the positions that are available in this field, there are still certain vital qualities, such as the ability to communicate clearly, manage other people, find solutions to issues, and a wide variety of other soft skills.
Students who successfully complete the training programs in petroleum engineering, pipeline construction, and drilling methods that are provided by several integrated oil firms have the opportunity to work full-time for such businesses.
Students who participate in these programs have the opportunity to obtain full-time employment without needing to obtain more advanced certifications.
Therefore, there is no need for you to put unnecessary stress on yourself by pondering the question, “is integrated oil companies a good career path?” Instead, you should just set everything in order and go for it.
Why Should You Work With An Integrated Oil Company?
Making the wise option to work for one of the integrated oil businesses is a step on the correct path.
However, you can have doubts and ask yourself, “Is Integrated Oil Companies a Good Career Path?”
If you want to have a great career, working for integrated oil corporations is the field that you should enter because of all of the benefits that come along with doing so.
There are a number of benefits that come along with integrated oil companies, including the following:
Integrated oil companies are licensed
Integrated oil firms such as Chevron and ExxonMobil have been granted certification from government bodies. This is in contrast to other businesses, such as those that have not been approved or recognized by the relevant government bodies.
If you have the credentials and skills essential for the role, being hired by one of the integrated oil businesses should not be too tough for you because there are a lot of job vacancies in those industries right now.
Because integrated oil companies have a strong financial footing, there is a very low possibility that they will declare bankruptcy or face severe disruption. However, there is still a chance that any of these outcomes may occur.
If you decide to pursue a career path within one of the integrated oil businesses, there is a minimal likelihood that you will be terminated from the position you are now holding.
Workers receive a reasonable wage.
When compared to earnings acquired by workers in many other industries, the average annual salary of employees working for integrated oil enterprises is rather high.
Working for an integrated oil corporation might be a good way to establish yourself financially and provide you some freedom.
How Do Engineers, And Other Technologists Fit Into the World Of Oil And Gas Companies?
Within a company such as this, it is common practice to employ engineers and other tech experts in several specialized areas. One of the advantages of working for an integrated oil firm is potentially having access to higher levels of knowledge within an industry that is expanding at a rapid rate.
Working for an integrated oil firm offers a number of benefits, some of which may pique the interest of engineers, and other types of technicians. Individuals who are interested in working in the oil and gas business might take advantage of an intriguing career opportunity by joining an integrated organization.
How Difficult Is It to Work As An Engineer Or Scientist For A Big Oil Company?
If you are considering a career change and are interested in working in the oil and gas business, it is in your best interest to investigate whether or not an oil and gas firm would be a suitable fit for your desired line of work. If they are, then the following considerations can assist you in determining whether or not the position is a suitable fit for you. The road to becoming a scientist or an engineer is a tough one to travel.
It is quite likely that you will require a degree in either science or engineering in order to get employment in this sector. You might be able to be hired at an integrated oil firm if you have a degree in a more general subject, but it’s doubtful that you’ll have the same level of expertise as someone who works in this industry who is an engineer or a scientist. This industry also often has salaries that are lower than those in other industries.
This is due to the character of the industry and the necessary levels of operational expertise that must be met. As a result of the continued upswing in the oil and gas business, this sector is now seeing one of the greatest rates of job growth anywhere in the country.
Because of this, persons who are interested in the management side of things may find that managing and expanding an oil and gas firm is an excellent opportunity for them.
Jobs In Integrated Oil Companies
Identifying the best-paying jobs in integrated oil firms might help you make important career decisions.
Here are some of the best-paying occupations in the oil industry:
- Lease operator
- Drilling engineer
- Project manager
- Drilling Engineer
This is not it. These are just some examples of the jobs you can get in Oil Companies. There’s a huge list of best-paying jobs in this industry.
What Are The Top Integrated Oil Companies In the United States?
There are a few of these kinds of businesses operating in the United States. It should be noted that integrated oil firms may be found in countries other than Saudi Arabia, Malaysia, or France. The United States of America is home to several of these individuals as well. Among them are the following:
- Phillips 66
- Chevron Corporation
- Exxon Mobil
- Enterprise Products
- Marathon Petroleum
- Valero Energy
So coming to an end, Is Integrated Oil Companies a good career path? Absolutely Yes. If you are knowledgeable and have all that is required to be in this industry you can choose it as your career path.
The decision of which professional education path to pursue is not only a challenging one but also an important one to make. There is a vast range of diversity to be found in accessible job opportunities.
However, not every single one of these is a desirable trait. On the other side, integrated oil businesses are almost universally regarded as being among the most desirable places of employment.
Anyone considering a career in the oil business has access to integrated oil corporations, which provide not only competitive earnings but also a diverse range of employment opportunities.
I hope the information in this post was able to satisfy your curiosity.