Growing Job Opportunities
The natural gas and oil industry supports 10.3 million U.S. jobs across the economy — 2.7 additional jobs for each direct natural gas and oil job. And there’s never been a better time to join the energy workforce. Studies project we’ll see nearly 1.9 million job opportunities in the oil & natural gas and petrochemical industries by 2035.
The diversity of career opportunities means there’s something for everyone – across a variety of fields and education levels.
A 2018 Bloomberg report called the industry “the best bet for U.S. workers” thanks to its “paycheck potency” — with salary levels that “topped all sectors, including utilities, tech and health care” in recent rankings. Non-retail station jobs in the natural gas and oil industry pay an average annual wage of over $100,000 — nearly $50,000 more than the U.S. average. Studies show natural gas and oil industry workers earn more across all education levels, degree majors, gender and race/ethnicity groups, and occupation types.
Technology-driven jobs like data scientists and software developers are on the rise as the industry tackles new challenges in an increasingly digital world. That makes the industry a natural fit for millennials, who will make up nearly 41 percent of our workforce – a 20 percent increase – by 2025. With 40 percent or more of industry’s worker base on track to retire by 2035, there is vast opportunity for millennials to embark on lifelong careers – with plenty of technology-driven positions and salaries nearly $50,000 higher than the national average.
Our industry is one of the major sources of job opportunities in STEM fields (science, technology, engineering, and mathematics). Nearly 20 percent of all current U.S. jobs require STEM skills and/or training, and STEM jobs are projected to grow about 9 percent by 2024.
Holding a STEM bachelor’s degree nearly doubles the likelihood of working in the oil and natural gas industry, and the industry supports STEM education through a variety of activities and investments in local communities.
America’s natural gas and oil industry supports jobs in all 50 states, generating economic activity throughout the supply chain. And there’s more where that came from. Constructing the pipelines and other infrastructure needed to keep pace with record energy production – and keep affordable energy moving to homes and businesses — can support up to 1 million-plus jobs per year.