Even With High Salaries and Record Profits, Major Oil Companies' Talent Crisis Grows as Young People Avoid the Sector Due to Climate Concerns and Lack of Long-Term Prospects

Even With High Salaries and Record Profits, Major Oil Companies’ Talent Crisis Grows as Young People Avoid the Sector Due to Climate Concerns and Lack of Long-Term Prospects

Written by Bruno Teles

Published on 20/04/2025 at 20:50

Crise de talentos das grandes petrolíferas: número de estudantes cai 75% em uma década

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Even With High Salaries, Young People Avoid Sector Due to Climate and Job Insecurity

The talent crisis in major oil companies deepens. There is a shortage of engineers in a sector that enjoys record profits but faces rejection from young people.

Talent Crisis in Major Oil Companies Exposes New Challenge for Energy Sector

The oil and gas sector is going through a critical phase. The talent crisis in major oil companies jeopardizes the renewal of the workforce. The number of petroleum engineering students has dropped by 75% since 2014, even amid high demand and good salaries.

Universities in the United States and Europe, traditionally providers of professionals for the global industry, are reporting increasingly smaller classes. This trend reflects a profound generational shift.

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Mindset Change Fuels the Crisis

The talent crisis in major oil companies is not just a problem of course supply. It is a matter of values. Young students avoid the sector due to concerns about climate change and career stability in a world moving toward renewable energy sources.

Historically, the demand for petroleum engineering fluctuated with the price of oil. Now, even with Brent crude nearly doubling in value between 2016 and 2021, student interest has not kept pace.

Disinterest Remains, Despite Attractive Salaries

Research shows that newly graduated petroleum engineers earn, on average, 40% more than their peers in computer science. Still, the talent crisis in major oil companies persists.

At the Colorado School of Mines, one of the main institutions in the field, the graduating class has plummeted from 200 to just 36 students. Hayden Gregg, one of the few remaining, believes that the education still holds value. “Even if oil disappears, I can use my skills in other areas of engineering,” he stated.

Industry Reacts, But Effect Is Slow

Companies are increasing hiring and offering good internships. Jennifer Miskimins, head of the program at the Colorado School of Mines, stated that current students are in high demand. “They are a hot commodity,” she said.

Despite this, the exodus of young people raises a red flag. The talent crisis in major oil companies could compromise innovation and operations in the medium term, precisely at a time when the sector is trying to reinvent itself toward a more diversified energy matrix.

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Even With High Salaries and Record Profits, Major Oil Companies’ Talent Crisis Grows as Young People Avoid the Sector Due to Climate Concerns and Lack of Long-Term Prospects

Even With High Salaries, Young People Avoid Sector Due to Climate and Job Insecurity

Talent Crisis in Major Oil Companies Exposes New Challenge for Energy Sector

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Mindset Change Fuels the Crisis

Disinterest Remains, Despite Attractive Salaries

Industry Reacts, But Effect Is Slow

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Even With High Salaries and Record Profits, Major Oil Companies’ Talent Crisis Grows as Young People Avoid the Sector Due to Climate Concerns and Lack of Long-Term Prospects

Even With High Salaries, Young People Avoid Sector Due to Climate and Job Insecurity

Talent Crisis in Major Oil Companies Exposes New Challenge for Energy Sector

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Mindset Change Fuels the Crisis

Disinterest Remains, Despite Attractive Salaries

Industry Reacts, But Effect Is Slow

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

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Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

Almost no one imagines it, but washing dishes with certain sponges can release microplastics into the environment every year, even when the greater impact is still on water consumption.

Cold in Brazil? Not at all! Autumn arrives with rains of up to 30 mm/h, winds of 60 km/h, and the influence of El Niño, while intense cold takes its time and the risk of frost could surprise millions of Brazilians in the coming months.

In China, flying saucers are becoming ‘cars’ and taking to the skies with eVTOLs measuring 5.6 meters, capable of carrying 4 passengers, 1.2 tons, and more than 140 impressive flights in urban tests.

The United States has just banned the import of new models of routers manufactured abroad, with the main target being China, which controls 60% of the American market and is accused of mass espionage.

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