Integrated oil companies are the behemoths of the energy industry, with operations spanning the globe and having revenue in the multi-billion dollars. These companies are responsible for every aspect of the oil and gas business, from exploration and production to refining and marketing. If you’re looking for a high-paying job in the energy sector, working for an integrated oil company may be a great option with a lot of career prospects and mobility. In this blog post, we’ll take a look at some of the best paying jobs in integrated oil companies.
Learn more about what integrated oil companies are.
C-suite positions, Chief Executive Officer (CEO) & Chief Financial Officer (CFO)
One of the best paying jobs in any company can normally be found in the C-suite positions. These include positions like CEO, CFO, CMO, CRO etc. Those positions have an executive function with a lot of responsibility that translates into potentially higher salary. In a lot of cases, the compensation for c-suite executives is in a large part also comprised of stock and other bonuses.
The CEO of an integrated oil company is in charge of setting the company’s overall strategy and managing its day-to-day operations. This is the top job in the company, and it comes with a top-level salary. According to PayScale, a CEO of an oil and gas company can earn around $354,421 per year with bonuses and additional benefits.
The CFO of an integrated oil company is responsible for managing the company’s finances, including financial planning, budgeting, and accounting. CFOs typically earn high salaries, with salaries of around $100k – $190k per year.
Vice President of Oil and Gas
The VP of Oil and Gas is responsible for overseeing the company’s exploration and production activities, including drilling, well development, and reservoir management. This is a high-level technical job that requires significant expertise in geology and engineering. According to Ziprecruiter, VPs in the oil and gas industry earn an average salary of around $113,751 per year.
Drilling Engineer
A drilling engineer is a professional who specializes in designing and implementing drilling programs to extract oil or gas from underground reservoirs. According to Salary.com, drilling engineers in the oil and gas industry earn an average salary of around $103,544 per year.
Oil and Gas Business Analyst
An Oil and Gas Business Analyst provide insights to decision-makers by analyzing data related to the oil and gas industry to identify trends and make forecasts. According to Glassdoor, the average base salary for an Oil and Gas Business Analyst in the United States is around $100,556 per year. However, salaries can be significantly higher for those with more experience or specialized skills, such as in-depth knowledge of particular markets or expertise in data analysis tools.
Conclusion
Integrated oil companies are large companies with a lot of potential to start a career. They offer a range of high-paying jobs for professionals with the right skills and experience. Whether you’re interested in technical roles like VP of Oil and Gas or Drilling Engineer or in business roles like CEO or Business Analyst, there are plenty of opportunities for a rewarding career in the energy sector. However, the right education, certifications and experience will be key for most of these positions.