Entry-Level Petroleum Engineer Salary (United States)

More than three-quarters of Entry-Level Petroleum Engineers are relatively junior in their careers, reporting less than five years' experience and an average income of $95,125 per year. Cash earnings—which sometimes include up to $21K from bonuses and more than $22K from profit sharing—stretch from around $58,369 to approximately $113,691. Location and the specific employer each impact pay for this group, with the former having the largest influence. Most people in this field enjoy health coverage; nearly all receive medical and dental insurance and a majority get vision insurance. Work is enjoyable for the better half of Entry-Level Petroleum Engineers who claim high levels of job satisfaction. Responses to PayScale's salary questionnaire form the basis for this outline.
Entry-Level Petroleum Engineer Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$58,369 - $113,691
(Median)
58K
72K
89K
100K
110K
MEDIAN: $89,176
10%
25%
50%
75%
90%
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Entry-Level Petroleum Engineer Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$15.32 - $65.40
(Median)
15
24
35
52
65
MEDIAN: $35.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$58,369 - $113,691  
   
Bonus
$496.65 - $20,711  
Profit Sharing
$459.00 - $22,000  
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).
)
$59,302 - $129,545  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 914
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$15.32 - $65.40  
   
Overtime
$16.00 - $103.21  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$496.65 - $20,711  
   
Profit Sharing
$459.00 - $22,000  
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).
)
$59,302 - $129,545  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 42
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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. The biggest paychecks can be found at EOG Resources, Inc.—the median salary there is $122,127.
Schlumberger offers the lowest pay in the field, with a median salary of just $89,924. ExxonMobil Corporation and British Petroleum (BP) also rank near the bottom for pay, handing out $96,984 and $102,758-paychecks on average.

Pay Difference By Location

Fort Worth
up arrow 26%
Bakersfield
up arrow 10%
up arrow 6%
up arrow 6%
New Orleans
up arrow 5%
Oklahoma City
up arrow 4%
up arrow 3%
San Antonio
up arrow 3%
National Average
$95,000
up arrow 6%
Dallas
up arrow 6%
Pittsburgh
up arrow 6%
Los Angeles
up arrow 6%
Austin
up arrow 12%
New York
up arrow 21%
Larger circles over a city 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 26 percent. Bakersfield, Denver, Midland, and New Orleans are a few other cities that offer generous salaries, with Entry-Level Petroleum Engineers earning around 10 percent, 6 percent, 6 percent, and 5 percent more than average. One of the biggest compensable factors for Entry-Level Petroleum Engineers is geography, with workers in New York earning a whopping 21 percent below the national average. Employers also pay below the national average in Austin (-12 percent) and Los Angeles (-6 percent).

Skills That Affect Entry-Level Petroleum Engineer Salaries

Project Management
up arrow 5%
Engineering Design
up arrow 3%
Simulation
up arrow 1%
National Average
$95,000
Oil and Gas Formation Evaluation
up arrow 1%
Microsoft Excel
up arrow 3%
Microsoft Office
up arrow 3%
Microsoft Word
up arrow 3%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 177 votes.

Gender

Female
9%
female alumni
 
Male
91%
male alumni

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 6%
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