Entry-Level Petroleum Engineer Salary

Entry-Level Petroleum Engineers pull down an average of $92K per year. In the world of Entry-Level Petroleum Engineers, total cash compensation can vary between $59K and $140K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $25K and $19K, respectively. Geography and the company each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. This report is based on answers to PayScale's salary questionnaire.

$58,800 - $120,472
(Median)
$59K
$92K
$120K
MEDIAN: $91,549
10%
50%
90%

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$15.23 - $78.51
(Median)
$15
$39
$79
MEDIAN: $39.00
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
$58,800 - $120,472  
   
Bonus
$45.96 - $24,645  
Profit Sharing
$-0.48 - $18,596  
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).
)
$59,205 - $139,610  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,022
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$100$200$300
Hourly Rate
$15.23 - $78.51  
   
Hourly Tips
$1.32  
Overtime
$14.68 - $297.99  
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$200K$400K$600K
Bonus
$45.96 - $24,645  
   
Profit Sharing
$-0.48 - $18,596  
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).
)
$59,205 - $139,610  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 63
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Petroleum Engineer Job Listings

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Popular Employer Salaries for Petroleum Engineer


Entry-Level Petroleum Engineers flock to Chevron Corporation, British Petroleum (BP), Shell Oil Company, EOG Resources, Inc., and Schlumberger, highly regarded companies that employ a generous number of people in this profession. EOG Resources, Inc. offers the best pay with a median salary of $122K, though salaries there don't seem that varied, bottoming out near $100K and maxing out at just $163K.

Pay Difference by Location

National Average: $96,902

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

Entry-Level Petroleum Engineers will find that Fort Worth offers an impressive pay rate, one which exceeds the national average by 23 percent. Entry-Level Petroleum Engineers will also find cushy salaries in Midland (+11 percent), Bakersfield (+11 percent), Denver (+6 percent), and Texas City (+5 percent). The lowest-paying market is Pittsburgh, which sits 14 percent below the national average. A couple other locations with smaller-than-average paychecks include Austin (14 percent lower) and New York (7 percent lower).

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Skills That Affect Petroleum Engineer Salaries


Reservoir Engineering
up arrow 4%

Project Management
up arrow 4%

Engineering Design
up arrow 3%

Drilling Engineering
up arrow 2%

Oil and Gas Formation Evaluation
up arrow 1%

Simulation
up arrow 1%

National Average
$97,000

Microsoft Excel
up arrow 4%

Microsoft Office
up arrow 6%

Microsoft Word
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 78 votes.

Gender

Female
10 %
Male
90 %

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 79%
medical benefits
Vision: 65%
dental benefits
None: 6%
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