Entry-Level Petroleum Engineer Salary

Entry-Level Petroleum Engineers pull down an average of $94K annually. Final cash compensation to Entry-Level Petroleum Engineers varies from around $49K to approximately $142K; choice pay grades include potential for bonuses and profit sharing as high as $26K and $20K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by the specific employer. Most workers in this position report high levels of job satisfaction. The vast majority of Entry-Level Petroleum Engineers (86 percent) who took the survey are men. Most enjoy medical while a majority get dental coverage. Vision coverage is also available to more than half. The data in this summary comes from the PayScale salary survey.

$51,020 - $123,995
$51K
$94K
$120K
MEDIAN: $93,555
10%
50%
90%

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$10.24 - $78.30
$10
$36
$78
MEDIAN: $35.70
10%
50%
90%

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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
$51,020 - $123,995  
   
Bonus
$441.02 - $26,111  
Profit Sharing
$11.84 - $19,533  
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).
)
$49,436 - $141,648  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 507
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$60$120$180
Hourly Rate
$10.24 - $78.30  
   
Hourly Tips
$0.23  
Overtime
$22.35 - $151.01  
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$120K$240K$360K
Bonus
$441.02 - $26,111  
   
Profit Sharing
$11.84 - $19,533  
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).
)
$49,436 - $141,648  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 50

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Popular Employer Salaries for Petroleum Engineer


Entry-Level Petroleum Engineers fill the offices of leading firms British Petroleum (BP), Chevron Corporation, Shell Oil Company, EOG Resources, Inc., and Schlumberger. Pay for Entry-Level Petroleum Engineers is best at EOG Resources, Inc., which offers a median salary of $122K. However, the highest reported salaries don't seem to be much higher than the lowest ones; the pay range here runs from $100K to $163K.

Pay Difference by Location

National Average: $97,089

Larger city markers indicate a job is popular in that location.

For Entry-Level Petroleum Engineers, Denver provides a pay rate that is 27 percent greater than the national average. Entry-Level Petroleum Engineers can also look forward to large paychecks in cities like Williston (+24 percent), New York (+21 percent), Los Angeles (+21 percent), and Midland (+11 percent). Location significantly influences compensation, with New Orleans Entry-Level Petroleum Engineers earning much less — 21 percent less — than the national average. Below-median salaries also turn up in Texas City and Austin (18 percent lower and 13 percent lower, respectively).

Key Stats for Petroleum Engineer

Gender

Female
14 %
Male
86 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.
Less than 1 year
22%
1-4 years
62%
5-9 years
16%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Petroleum Engineer Salaries

▲13%


Project Management
▲7%


Microsoft Office
▲5%



Borehole Formation Evaluation (FE)
▲2%


Drilling Engineering
▼0%

Microsoft Word
▼0%

National Average
$97,000

Data Analysis
▼26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
14 %
Male
86 %

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 68%
vision benefits
Vision: 60%
no benefits
None: 12%
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