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Entry-Level Petroleum Engineer Salary

Entry-Level Petroleum Engineers take home approximately $90K per year on average. Total cash compensation to Entry-Level Petroleum Engineers ranges from $59K on the lower end to $132K on the higher end; the final number includes potential for approximately $22K each from bonuses and profit sharing in exceptional cases. Residence and the company each impact pay for this group, with the former having the largest influence. Most Entry-Level Petroleum Engineers like their work and job satisfaction is high. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
$58,774 - $116,035
(Median)
59K
73K
90K
100K
120K
MEDIAN: $90,403
10%
25%
50%
75%
90%

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$14.83 - $61.45
(Median)
15
23
35
51
61
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
$58,774 - $116,035  
   
Bonus
$295.90 - $22,288  
Profit Sharing
$14.90 - $21,699  
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).
)
$59,463 - $132,126  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 918
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
$14.83 - $61.45  
   
Overtime
$16.00 - $103.66  
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
$295.90 - $22,288  
   
Profit Sharing
$14.90 - $21,699  
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).
)
$59,463 - $132,126  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 44
United States (change)

Petroleum Engineer Job Listings

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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 leaders in the field that employ a large number of Entry-Level Petroleum Engineers. With a median salary of $122K, EOG Resources, Inc. offers Entry-Level Petroleum Engineers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $100K and are capped at $163K.

Pay Difference by Location


With a pay rate for Entry-Level Petroleum Engineers that is 27 percent greater than the national average, Fort Worth offers a comfortable salary for those in this profession. Entry-Level Petroleum Engineers will also find cushy salaries in Bakersfield (+10 percent), Midland (+7 percent), Denver (+5 percent), and Oklahoma City (+5 percent). Austin is home to the smallest salaries in the field, lagging the national average by 11 percent. Los Angeles and Pittsburgh are a couple other places where companies are known to pay below the median — salaries are 11 percent lower and 9 percent lower, respectively.

Skills That Affect Entry-Level Petroleum Engineer Salaries


Project Management
up arrow 6%



Engineering Design
up arrow 5%

Simulation
0%

National Average
$96,000

Oil and Gas Formation Evaluation
up arrow 1%

Microsoft Excel
up arrow 4%

Microsoft Office
up arrow 4%

Microsoft Word
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 149 votes.

Gender

Female
9 %
Male
91 %

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 6%