Is Integrated Oil Company A Good Career Path 2022?

Is Integrated Oil Company A Good Career Path?

If you’ve graduated from college, you probably have a lot of ideas about your future. And, if your future involves a job, likely, you’ve already started thinking about the various career options.

Finding a job is as challenging for some people as getting an excellent college education. Luckily, there are some industries where jobs are plentiful and careers are easily attainable. With that in mind, let’s take a look at some examples of integrated oil companies.

These companies produce crude oil and refine it into usable fuels and other chemicals. Also known as petroleum refineries, these companies extract raw materials from crude oil and separate them through various processes to get different products like gasoline, diesel fuel, jet fuel, heating oil, and others.

Taking a job with an integrated oil company might or might not be your first thought as you start exploring your options after graduation. But, if you take the time to explore this field in-depth and discover what makes it such a great career option for you, then it could become one of your top picks too.

After all, there are plenty of advantages to working in an integrated oil company that may make it worth giving this field some serious thought.

What Integrated Oil and Gas Companies Are

One of the most important things to know when looking into an integrated oil and gas industry is what the industry does. Oil and gas are the products produced by oil refineries. So, this industry produces everything from producing crude oil to refining the crude oil into usable fuels.

Integrated oil and gas companies are those that use petroleum-based feedstock (crude oil and natural gas liquids) to make a variety of products including transportation fuels such as gasoline, diesel, and jet fuel, along with chemicals like chemicals used in plastics and medicines.

When it comes to refining crude oil, many people think of refineries as something only seen in big cities. In reality, though, refineries are a common sight across the country. Most large cities have refineries, and many smaller cities have refineries as well.

What Is the Scope of the Oil and Gas Industry?

When you think about companies in the integrated oil industry, you’re likely thinking about companies that produce crude oil and refine it into usable fuels and other chemicals. But, that’s just one of the many companies in the integrated oil industry. The scope of this industry is much larger than that.

Some companies produce and deliver electricity, produce heating fuel and produce drinking water. Some of the most interesting companies in the integrated oil industry are those that have hydrogen. Hydrogen is used to produce a wide variety of goods. If you’re interested in an industry that is likely to see dramatic growth, this is an industry to explore.

What Are the Jobs Available in the Integrated Oil Industry?

As we mentioned above, an integrated oil company takes crude oil from the ground and separates it into various products. These products then find their way to merchants/wholesalers and retail outlets such as gasoline, diesel fuel, heating oil, or aviation fuel. The job responsibilities of an oil refinery worker will vary depending on the company you work for.

However, if you’re interested in refining crude oil, here are a few jobs that might be worth considering. These include:

Refining Engineer: The refining engineer controls the flow of crude oil through the refinery by diverting and processing crude oil using various equipment.

Production Engineer: An oil refinery production engineer operates refinery production equipment that produces crude oil products.

Process Engineer: An oil refinery process engineer maintains refinery equipment that processes crude oil feedstock.

Laboratory Technician: The laboratory technician runs tests on crude oil and refined products to ensure quality control.

Read: How Many Jobs Are Available in Consumer Non-Durables? 2022

Best Paying Jobs in the Integrated Oil Industry

With over 4 million barrels of crude oil processed daily at integrated oil companies, there is plenty of demand for high-quality petroleum products. And, as we mentioned above, these companies make some of the highest profits in the industry. As a result, the highest paying jobs in the integrated oil industry also pay the highest salaries.

The highest paying job in the integrated oil industry is a refinery engineer. Although the median salary for engineers at integrated oil companies is about $108,000 annually, the top 10% earn an average salary of over $137,000 a year.

Another high-paying job in the integrated oil industry is a petroleum engineer. The median salary for petroleum engineers is just under $107,000 annually. However, the top 10% of earners in this field earn an average salary of over $138,000 annually.

Advantages of Working in an Integrated Oil Company

Flexible Hours: One of the top reasons people choose to work in an integrated oil company is that they want to be able to work a variety of hours. And, with petroleum refineries, you can choose your own schedule. As a result, you can work a full-time schedule or a part-time schedule. And, whichever option you choose, you can have total control over when and how much you work.

Career Progression: Because an integrated oil company is a booming business, there are plenty of opportunities for career progression. As you earn more experience in your field, you can look for better-paying and/or more challenging jobs. And, if you’re willing to put in the time and effort, you can even look to advance within your company.

High Income Potential: Working in an integrated oil company can quickly lead to a high income. That’s because the industries that these companies operate in are growing industries with plenty of demand. And, as demand increases, so do the salaries of those who work in these industries.

Health Insurance: Many integrated oil company employees get health insurance through their employer. This makes it likely that employees in integrated oil companies have health insurance.

Disadvantages of Working in an Integrated Oil Company

High Travel Requirements: As one of the most heavily regulated industries in the country, you’ll likely spend a lot of time away from home during your time in the integrated oil industry. That’s not necessarily a bad thing, though. Rather, it’s just something to be aware of.

Travel and Lodging Costs: As we mentioned above, it’s likely that you’ll spend a lot of time away from home during your time in the integrated oil industry. And, that means that you’ll need to stay in hotels while you’re on the job.

Additionally, you’ll need to pay for your own travel and lodging while you’re on the job. That, of course, is something to keep in mind if you’re planning on staying in-state while you’re working in the integrated oil industry.

Pressured to Succeed: Because integrated oil companies are such big businesses, there is a lot of pressure on employees to succeed. That, of course, means that employees need to put in a lot of hard work. But, it also means that you have a lot of opportunities to advance in your company.

Read: Is Capital Goods a Good Career Path in 2022?

Is Integrated Oil Company a Good Career Path?

For most people, yes. Integrated oil companies are one of the best career paths to take in life. From oil and gas majors to independent refineries, there are many opportunities in the integrated oil industry. If you’re looking for a career with plenty of room for growth, an integrated oil company is your best bet.

The demand for oil, gas, and other fuels is constantly increasing. And, with more people going online and using more energy, that demand is sure to increase even more in years to come. As a result, these companies are expected to see steady growth over the next few years.

Additionally, petroleum products are one of the most profitable industries. As the world looks to reduce carbon emissions and use renewable energy sources, demand for petroleum fuels is expected to only increase. And, integrated oil companies are more than ready to meet that demand.

Conclusion

If you’re interested in the production of crude oil, the best career path is to work for an integrated oil company. There are several best jobs in the oil and gas industry that make sense for people who want to work in the production of crude oil.

This is a great industry to work in, and it also offers plenty of opportunities for advancement. Integrated oil companies are highly profitable, and this makes them a great option for those who want a job that has a good chance of getting you into a high-paying job in the future.

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