When it comes to location, the highest average paycheck ($136K annually) can be spotted in Farmington, N.M.; Ferndale, Wash. (around $103K), the company's headquarter city of Houston, Texas (approximately $102K), and Midland, Texas (about $97K) are the next top-paying cities. Approaching the lower end of the pay scale (at $76K) is Bartlesville, Okla. By state, the highest compensation levels appear in New Mexico, where the average salary is $119K per year.
Petroleum Engineers are the best paid with the average salary hovering at $120K annually; Reliability Engineers, Geophysicists, and Process Engineers also rank near the top of the list, pulling in $119K, around $115K, and $91K, respectively. On the lower end are Financial Analysts at about $61K on average.
Years of Experience
For those with five to nine years of experience, average earnings amount to approximately $94K per year. When we consider tenure, a substantial portion of employees (28 percent) have been working for one to four years and make $83K annually on average.
Certifications and Degrees
Monetary compensation comes to approximately $130K per year for Certified Professional Engineers, far surpassing the earnings of non-credentialed workers. Becoming a Pressure Vessels Inspector can certainly pay off here; those folks make around $119K on average. ConocoPhillips Company workers who hold a Doctorate (PhD) are also well compensated, earning about $151K on average.
The highest-paying skill to have may be Well Production Engineering; employees who claim proficiency also report a higher average salary of $116K annually. A garden variety skill at ConocoPhillips Company is Project Management; around an eighth of ConocoPhillips Company's people use it regularly. Three more common skills are Microsoft Office, Financial Analysis, and Microsoft Excel.
Benefits and Perks
44 percent receive paid vacation, and only one in four respondents get sick leave. Those seeking to set aside retirement funds can rely on several savings options such as a 401(k) plan and a company pension plan. Perks cover health insurance for a large number of respondents and dental coverage for a fair number of survey participants. The company also dishes out perks such as gym membership, life insurance, and a subsidized cell phone.