Entry-Level Petroleum Engineer Salary
Median pay for Entry-Level Petroleum Engineers is around $93K annually. In the world of Entry-Level Petroleum Engineers, total cash compensation can vary between $53K and $143K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $31K and $17K, respectively. Geography is the biggest factor affecting pay for this group, followed by the specific employer. Job satisfaction is high and work is enjoyable for most Entry-Level Petroleum Engineers. Most enjoy medical while the larger part get dental coverage. Vision coverage is also available to more than half. There are far more male Entry-Level Petroleum Engineers survey respondents than women, making up 88 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.
Petroleum Engineer Job Listings
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Popular Employer Salaries for Petroleum Engineer
Many Entry-Level Petroleum Engineers can be found at British Petroleum (BP), Chevron Corporation, Shell Oil Company, EOG Resources, Inc., and Schlumberger, firms that are at the top of the field. EOG Resources, Inc. pays the most with a median salary of $122K, though there is little variation overall ($100K to $163K).
Pay Difference by Location
For those looking to make money, Entry-Level Petroleum Engineers in Denver enjoy an exceptional pay rate, 24 percent above the national average. Entry-Level Petroleum Engineers can also look forward to large paychecks in cities like Williston (+24 percent), Los Angeles (+23 percent), Midland (+11 percent), and Bakersfield (+10 percent). With compensation 19 percent below the national average, New Orleans is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are San Antonio (18 percent less) and Oklahoma City (5 percent less).