Entry-Level Petroleum Engineer Salary

Average Entry-Level Petroleum Engineers make around $90K per year. Cash earnings for Entry-Level Petroleum Engineers — including $23K in bonuses and $19K in profit sharing proceeds near the top of the pay scale — generally stretch from $59K to $132K depending on individual performance. Residence and the company each impact pay for this group, with the former having the largest influence. Job satisfaction for Entry-Level Petroleum Engineers is high. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$58,863 - $116,447
(Median)
$59K
$90K
$120K
MEDIAN: $90,035
10%
50%
90%

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$15.18 - $67.17
(Median)
$15
$36
$67
MEDIAN: $36.00
10%
50%
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
$58,863 - $116,447  
   
Bonus
$101.37 - $23,339  
Profit Sharing
$14.68 - $19,309  
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).
)
$59,440 - $132,466  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 926
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$70$140$210
Hourly Rate
$15.18 - $67.17  
   
Overtime
$19.32 - $204.26  
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$140K$280K$420K
Bonus
$101.37 - $23,339  
   
Profit Sharing
$14.68 - $19,309  
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).
)
$59,440 - $132,466  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 51

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Popular Employer Salaries for Entry-Level Petroleum Engineer


Chevron Corporation, British Petroleum (BP), Shell Oil Company, EOG Resources, Inc., and Schlumberger are top-notch employers for Entry-Level Petroleum Engineers in this area. Although EOG Resources, Inc. offers the highest salaries (median pay is $122K), survey participants reported a rather limited pay range of $100K to $163K.

Pay Difference by Location


Entry-Level Petroleum Engineers will find that Fort Worth offers an impressive pay rate, one which exceeds the national average by 24 percent. Entry-Level Petroleum Engineers will also find cushy salaries in Bakersfield (+10 percent), Midland (+7 percent), Denver (+5 percent), and Oklahoma City (+3 percent). The smallest paychecks in the market, 15 percent south of the national average, can be found in New York. Pittsburgh and Austin are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 11 percent lower, respectively.

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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%

Oil and Gas Formation Evaluation
0%

Simulation
0%

National Average
$96,000

Microsoft Excel
up arrow 3%

Microsoft Office
up arrow 4%

Microsoft Word
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 119 votes.

Gender

Female
9 %
Male
91 %

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 79%
vision benefits Vision: 65% employee benefits None: 6%