Oil and gas firms are missing out on the benefits of diversity, with participation of women in the workforce lagging behind other major industries, a report says.
The study – The Future of Jobs – was published to inform political and business leaders at this week’s World Economic Forum (WEF) in Davos, Switzerland.
It highlights a total absence of women in chief executive roles among global oil companies and says only 11% of senior executives are female.
The report also highlights a 32% “gender pay gap” in the industry despite efforts to create more opportunities for women.
Gender imbalances in oil and gas and other industries were in the spotlight at a session on the future of work in Davos, where Facebook chief operating officer Sheryl Sandberg told participants “men still run the world – and I’m not sure it’s going that well”.
She added: “It means we’re not using the full talent of the population.”
The UK North Sea industry is to some extent bucking the trend, however, with a number of top oil and gas roles filled by women – and the number of female engineers growing.
Deirdre Michie, Oil and Gas UK’s Granite City-based chief executive, said: “Women now represent nearly a quarter of the total UK oil and gas workforce – a considerably lower proportion than the national average, though comparable to other industries which focus on STEM (science, technology, engineering and mathematics) qualifications.
“Oil and Gas UK fully supports the principle of broadening female participation in the oil and gas workforce.
“Indeed, it is vital that we attract as big a resource pool as possible if we are to attract the best people to help meet the challenges ahead.”
Even when oil was selling at above $100 a barrel, most of the industry’s top executives said they struggled to find and retain young talent.
Year after year it was cited as one of the biggest problems for the sector – still one of the best-paying in the world, despite its current woes – during annual gatherings of its top brass on the sidelines of the WEF.
After the collapse of oil prices to the lowest levels in more than a decade, it is arguably more important than ever to widen the talent pool.
But The Future of Jobs shows the industry currently has the lowest representation of women professionals among all employers in a world where, according to Ms Sandberg, almost every country has less than 5% of its top companies run by women.
Energy industry bosses attending WEF, including the heads of companies such as BP, Royal Dutch Shell, Eni and Total, are working on a “first declaration of intent” to close the gender gap.
It will also set out principles to encourage women to join oil companies, especially in technical and managerial roles.
These principles will range from making CEOs personally responsible for achieving gender diversity, to supporting women during the early years of science, technology or engineering studies.
Jeanette Forbes, chief executive of Aberdeen-based energy sector IT firm PCL Group, said: “There is undoubtedly still a huge gender gap, with statistics backing this up year on year.
“I think we are seeing changes, albeit they are currently small. The industry is increasingly aware that the answer to skills shortages lies in encouraging more women – a largely untapped resource – to consider a career in oil and gas.
“Many companies have brought in family-friendly policies which support and encourage women across all career areas and this is vital.”
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