The business that paid the very best U.S. oil and fuel wage in 2024 was Crude Petroleum Extraction, with an annual common of $227,080.
That’s what the Texas Impartial Producers & Royalty House owners Affiliation (TIPRO) confirmed in its newest State of Power report, which was launched not too long ago.
The annual common wage for this business elevated by $4,389 from 2023 to 2024, the report highlighted. The annual common wage for the sector stood at $222,691 in 2023, $213,405 in 2022, $193,820 in 2021, $200,784 in 2020, and $194,454 in 2019, the report outlined.
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Pure Fuel Extraction was the business that paid the second highest U.S. oil and fuel wage final 12 months, with an annual common of $176,800, in keeping with the report, which identified that this annual common wage elevated by $10,740 12 months on 12 months.
TIPRO’s report confirmed that the annual common wage for Pure Fuel Extraction got here in at $166,060 in 2023, $156,185 in 2022, $143,186 in 2021, $145,927 in 2020, and $145,156 in 2019.
Petroleum Refineries was the business that paid the third highest U.S. oil and fuel wage in 2024, with an annual common of $172,191, the report outlined.
The annual common wage for this business elevated by $3,526 12 months on 12 months, in keeping with the report, which confirmed that the annual common wage for the sector was $168,665 in 2023, $162,179 in 2022, $148,038 in 2021, $147,051 in 2020, and $148,888 in 2019.
The oil and fuel business paid a nationwide common wage of $81,808 in 2024, TIPRO said in its report. This nationwide common grew by $1,767 12 months on 12 months, in keeping with the report, which confirmed that the nationwide common stood at $80,041 in 2023, $76,027 in 2022, $70,413 in 2021, $70,558 in 2020, and $71,247 in 2019.
Direct Employment by Trade
In response to TIPRO’s newest State of Power report, Crude Petroleum Extraction had a U.S. oil and fuel direct employment determine of 84,408 in 2024.
This marked a rise of 886 roles 12 months on 12 months, the report confirmed. U.S. oil and fuel direct employment for this sector stood at 83,522 in 2023, 82,068 in 2022, 82,548 in 2021, 93,705 in 2020, and 103,776 in 2019, the report identified.
Pure Fuel Extraction had a U.S. oil and fuel direct employment determine of 37,812 final 12 months, representing a rise of 5,830 jobs 12 months on 12 months, the report outlined.
U.S. oil and fuel direct employment for this business stood at 31,983 in 2023, 30,648 in 2022, 30,055 in 2021, 32,340 in 2020, and 37,878 in 2019, the report highlighted.
Petroleum Refineries had a U.S. oil and fuel direct employment determine of 63,602 final 12 months, in keeping with the report, which identified that this determine represented a rise of 1,505 jobs from 2023 to 2024.
U.S. oil and fuel direct employment for this sector got here in at 62,097 in 2023, 60,273 in 2022, 60,716 in 2021, 66,168 in 2020, and 69,014 in 2019, the report highlighted.
Whole U.S. oil and fuel business direct employment was 2,055,516 in 2024, in keeping with the report, which outlined that this represented a rise of 10,694 jobs 12 months on 12 months.
Whole U.S. oil and fuel business direct employment stood at 2,044,821 in 2023, 1,987,482 in 2022, 1,914,055 in 2021, 1,948,341 in 2020, and a pair of,148,248 in 2019, in keeping with the report.
In a press release despatched to Rigzone by the TIPRO workforce this week, TIPRO highlighted that its newest report is the tenth State of Power publication. The report provides “an in depth evaluation of nationwide and state developments in oil and pure fuel employment, wages and different key financial elements for the vitality business in 2024,” TIPRO highlighted within the assertion .
TIPRO describes itself as one of many nation’s largest oil and fuel commerce associations and the strongest advocacy group representing each independents and royalty house owners in Texas.
To contact the creator, e mail andreas.exarheas@rigzone.com
