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Why Oil Industry Jobs Are Down, Even With Production Up

14 January 2025
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Why Oil Industry Jobs Are Down, Even With Production Up
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Oil and gas companies in the United States are producing more fuel than ever before but employing 25 percent fewer workers than a decade ago, leading to concerns about job losses as producers tighten their belts amidst a potential oversupply. The industry’s shift towards cleaner energy sources and increased productivity through technology and automation has led to job cuts and reduced wages, with many workers seeking alternative employment opportunities. Major companies like Exxon and Chevron are outsourcing roles to countries with lower labor costs, further impacting American workers in the oil and gas sector.

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