Energy companies dominate list of most productive workers

HOUSTON — Energy companies have the nation’s most productive employees outside of the financial sector, according to a new USA TODAY data analysis.

Seven energy companies in the S&P 500 generated more than $1 million per employee in just the first three months of this year, including Houston-based companies Phillips 66, EOG Resources and Marathon Oil. Only one company outside of the energy and financial sectors could make the same claim, according to the analysis — drug company AmerisourceBergen, based in Pennsylvania.

On the job: Survey reveals most valued skills for oil and gas workers

USA TODAY analyzed data from S&P Capital IQ data, including companies’ first-quarter revenue and total number of employees reported at the end of the last fiscal year. USA TODAY attributed the energy industry’s standout performance to its heavy reliance on equipment instead of workers for productivity, though the value and worldwide demand for its products also boosts total revenue.

The newspaper noted that the eight companies that achieved productivity of at least $1 million per worker experienced an average share price increase of 21 percent over the past year, well above the 13.1 percent increase across the S&P 500.


Also on FuelFix:

Ranked: Oil industry brands sluggish as tech value soars

 

SHOW MORE