Median pay for Entry-Level Petroleum Engineers is around $93K annually. In the world of Entry-Level Petroleum Engineers, total cash compensation can vary between $53K and $143K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $31K and $17K, respectively. Geography is the biggest factor affecting pay for this group, followed by the specific employer. Job satisfaction is high and work is enjoyable for most Entry-Level Petroleum Engineers. Most enjoy medical while the larger part get dental coverage. Vision coverage is also available to more than half. There are far more male Entry-Level Petroleum Engineers survey respondents than women, making up 88 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.

$56,999 - $123,966
(Median)
$57K
$93K
$120K
MEDIAN: $93,037
10%
50%
90%

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$10.40 - $81.61
(Median)
$10
$39
$82
MEDIAN: $38.00
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
$56,999 - $123,966  
   
Bonus
$650 - $30,746  
Profit Sharing
$65.00 - $17,000  
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).
)
$53,235 - $142,825  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 552
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$110$220$330
Hourly Rate
$10.40 - $81.61  
   
Overtime
$14.90 - $302.01  
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$220K$440K$660K
Bonus
$650 - $30,746  
   
Profit Sharing
$65.00 - $17,000  
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).
)
$53,235 - $142,825  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 58
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Petroleum Engineer Job Listings

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Popular Employer Salaries for Petroleum Engineer


Many Entry-Level Petroleum Engineers can be found at British Petroleum (BP), Chevron Corporation, Shell Oil Company, EOG Resources, Inc., and Schlumberger, firms that are at the top of the field. EOG Resources, Inc. pays the most with a median salary of $122K, though there is little variation overall ($100K to $163K).

Pay Difference by Location

National Average: $97,137

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

For those looking to make money, Entry-Level Petroleum Engineers in Denver enjoy an exceptional pay rate, 24 percent above the national average. Entry-Level Petroleum Engineers can also look forward to large paychecks in cities like Williston (+24 percent), Los Angeles (+23 percent), Midland (+11 percent), and Bakersfield (+10 percent). With compensation 19 percent below the national average, New Orleans is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are San Antonio (18 percent less) and Oklahoma City (5 percent less).

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Skills That Affect Petroleum Engineer Salaries

Simulation
up arrow 13%

Project Management
up arrow 7%

Engineering Design
up arrow 5%

Well Production Engineering
up arrow 4%

Reservoir Engineering
up arrow 3%

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 2%

Oil and Gas Formation Evaluation
up arrow 1%

Borehole Formation Evaluation (FE)
up arrow 1%

National Average
$97,000

Drilling Engineering
up arrow 2%

Microsoft Word
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 34 votes.

Gender

Female
12 %
Male
88 %

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 68%
medical benefits
Vision: 60%
dental benefits
None: 10%
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