Energy Sector Layoffs

Data from 2021 is expected to be available in late 2022. By late 2020, the energy industry had lost 839,000 jobs compared to jobs lost in 2019. That’s about 10 percent of the total energy workforce. Most of these losses were related to the COVID-19 pandemic.Jan 26, 2022

Recent News and Discussions About Energy Sector Layoffs

Top Oil & Gas Firms Increased Layoffs, Cutting 15k Jobs in 2021

https://bailoutwatch.org/analysis/top-oil–gas-firms-increased-layoffs-cutting-15k-jobs-2021

Top Oil & Gas Firms Increased Layoffs, Cutting 15k Jobs in 2021
May 9, 2022 — New analysis finds 19 of the 20 biggest oil and gas companies laid off workers in 2021.


US Energy & Employment Jobs Report (USEER)

https://www.energy.gov/policy/us-energy-employment-jobs-report-useer

The U.S. Energy and Employment Report (USEER) is a comprehensive summary of national and state-level employment, workforce, industry , occupation, …


The oil and gas industry has lost more than 100,000 jobs this …

https://fortune.com/2020/10/05/oil-gas-jobs-transition-climate-coronavirus/

Oct 4, 2020 — The oil, natural gas, and chemicals industry in the U.S. eliminated 107,000 jobs between March and August of this year, according to a report …


US oil and gas industry lost 107,000 jobs in the pandemic …

https://www.houstonchronicle.com/business/energy/article/U-S-oil-and-gas-industry-lost-107-000-jobs-in-15633468.php

Oct 9, 2020 — About 107,000 oil, gas and petrochemical workers — or about 7 percent of the 1.5 million employed in the industry nationally — have been laid …


Third of oil and gas workers faced pay cut in 2020 due to …

https://www.reuters.com/business/energy/third-oil-gas-workers-faced-pay-cut-2020-due-pandemic-survey-shows-2021-01-12/

Jan 12, 2021 — Job security was low across all energy sectors , with 78% of oil and gas workers feeling less secure than a year ago about their jobs.


The future of work in oil, gas and chemicals – Deloitte

https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/future-of-work-oil-and-gas-chemicals.html

Oct 5, 2020 — Even the relatively stable sectors , such as refining and chemicals, reported up to 35,000 layoffs combined. … Such large-scale layoffs , coupled …


US energy industry has cut 107K jobs during COVID-19 crisis

https://nypost.com/2020/10/05/us-energy-industry-axed-107000-jobs-amid-coronavirus-crisis/

Oct 5, 2020 — Those job cuts imposed over just six months, from March to August, constituted the fastest set of layoffs in the industry’s history as the …


The pandemic made 107000 oil and gas jobs disappear. Most …

https://www.cnn.com/2020/10/08/business/oil-gas-jobs/index.html

Oct 8, 2020 — The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts …


Energy Sector Job Losses Said Unlikely to Return Until Late …

Energy Sector Job Losses Said Unlikely to Return Until Late 2021

Oct 5, 2020 — The downturn in the U.S. energy sector caused by the Covid-19 pandemic is “truly like no other” as 70% of the jobs lost this year may not …


Labor shortage remains a major challenge for oil and gas

Labor shortage remains a major challenge for oil and gas: Spring 2022 outlook

Feb 7, 2022 — Some workers are moving to the renewable energy space, while others are leaving the industry altogether to join other, more lucrative or stable …


Frequently Asked Questions

What oil companies are laying off?

Of the four posting net increases, three actually eliminated jobs after accounting for their acquisitions of smaller competitors. Half the companies cut more than 10% of their employee headcounts between 2019 and 2021: Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), Pioneer Natural Resources Co.

How many oil and gas jobs were lost in 2020?

Around 120,000 jobs were lost in the U.S. oil and gas industry last year due to the crash in oil demand and prices and subsequent massive downsizing of staffing levels, Rystad Energy said in a new analysis this week.

How many jobs were lost in the oil industry?

While the price of oil is starting to rebound, a study released by Deloitte last fall found that some 70 percent of the 107,000 jobs lost between March and August 2020 may not return, and those that do are likely to be weighted toward white-collar office work.

Is oil and gas still a good career?

Despite the growing awareness of sustainable means of energy resources, oil and gas demands are still strong all over the globe. Firms are always in need of oil and gas workers with the proper skill set or experience.

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