Entry-Level Petroleum Engineer Salary

Entry-Level Petroleum Engineers pull down an average of $90K per year. Overall cash earnings for Entry-Level Petroleum Engineers stretch from $60K on the lower end to $134K near the top, and the heftiest packages can encompass around $24K from bonuses and $18K from profit sharing. Location and the company each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a fair number earn dental coverage. The majority of workers are highly satisfied with their job. The data for this synopsis comes from respondents who took the PayScale salary survey.

$59,006 - $117,042

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$15.38 - $71.48

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$59,006 - $117,042  
   
Bonus
$97.87 - $24,059  
Profit Sharing
$14.54 - $17,620  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$59,503 - $134,348  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 935
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70$140$210
Hourly Rate
$15.38 - $71.48  
   
Overtime
$14.90 - $201.34  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$140K$280K$420K
Bonus
$97.87 - $24,059  
   
Profit Sharing
$14.54 - $17,620  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$59,503 - $134,348  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 58
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Popular Employer Salaries for Entry-Level Petroleum Engineer


Dominating the field, Chevron Corporation, British Petroleum (BP), Shell Oil Company, EOG Resources, Inc., and Schlumberger are top firms with a reputation for hiring a great number of Entry-Level Petroleum Engineers. With a median salary of $122K, EOG Resources, Inc. offers Entry-Level Petroleum Engineers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $100K and are capped at $163K.

Pay Difference by Location


For Entry-Level Petroleum Engineers, working in the bustling city of Fort Worth has its advantages, including an above-average pay rate. Entry-Level Petroleum Engineers will also find cushy salaries in Bakersfield (+10 percent), Midland (+7 percent), Denver (+6 percent), and New York (+3 percent). In Pittsburgh, salaries are 11 percent below the national average and represent the lowest-paying market. Employers also pay below the national average in Austin (11 percent lower) and Lafayette (10 percent lower).

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Skills That Affect Entry-Level Petroleum Engineer Salaries


Project Management
up arrow 6%


Drilling Engineering
up arrow 4%

Engineering Design
up arrow 4%

Simulation
up arrow 2%

Oil and Gas Formation Evaluation
0%

National Average
$96,000

Microsoft Excel
up arrow 3%

Microsoft Office
up arrow 5%

Microsoft Word
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 101 votes.

Gender

Female
8 %
Male
92 %

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 79%
vision benefits Vision: 66% employee benefits None: 6%
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