For Entry-Level Petroleum Engineers, yearly average wages total $92K annually. In the world of Entry-Level Petroleum Engineers, overall cash allowance can occasionally include more than $30K from bonuses and, in some exceptional cases, $17K from profit sharing, causing incomes to vary widely between $50K and $142K. Location is the biggest factor affecting pay for this group, followed by the specific employer. Most report receiving medical coverage from their employers and the larger part collect dental insurance. Most Entry-Level Petroleum Engineers like their work and job satisfaction is high. The vast majority of Entry-Level Petroleum Engineers (87 percent) survey respondents are men. This overview is based on answers to PayScale's salary questionnaire.

$51,129 - $122,951
$51K
$92K
$120K
MEDIAN: $92,032
10%
50%
90%

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$10.31 - $80.00
$10
$39
$80
MEDIAN: $38.54
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
$51,129 - $122,951  
   
Bonus
$490.03 - $30,080  
Profit Sharing
$11.84 - $17,232  
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).
)
$50,186 - $141,725  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 522
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
$10.31 - $80.00  
   
Overtime
$15.21 - $295.90  
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
$490.03 - $30,080  
   
Profit Sharing
$11.84 - $17,232  
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).
)
$50,186 - $141,725  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 54

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Popular Employer Salaries for Petroleum Engineer


British Petroleum (BP), Chevron Corporation, Shell Oil Company, EOG Resources, Inc., and Schlumberger are all popular places to work. Salary cannot be beat at EOG Resources, Inc., where median pay comes to $122K. The range seems somewhat confined, however; the lower end sits at $100K, and the higher end is not far away at $163K.

Pay Difference by Location

National Average: $96,684

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

Denver is home to an above-average pay rate for Entry-Level Petroleum Engineers, 26 percent higher than the national average. Entry-Level Petroleum Engineers can also look forward to large paychecks in cities like Williston (+24 percent), Los Angeles (+24 percent), New York (+14 percent), and Midland (+11 percent). Entry-Level Petroleum Engineers in New Orleans report much lower salaries than the rest of the country — 28 percent below the national average — proving that residence is a major factor in overall pay. Below-median salaries also turn up in Austin and Texas City (28 percent lower and 17 percent lower, respectively).

Key Stats for Petroleum Engineer

Gender

Female
13 %
Male
87 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.
062
Less than 1 year
23%
1-4 years
63%
5-9 years
14%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Petroleum Engineer Salaries

Simulation
up arrow 14%

Project Management
up arrow 7%


Engineering Design
up arrow 4%



Microsoft Office
up arrow 3%

Borehole Formation Evaluation (FE)
up arrow 2%


Drilling Engineering
0%

National Average
$97,000

Microsoft Word
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
13 %
Male
87 %

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 67%
vision benefits
Vision: 59%
dental benefits
None: 12%
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