Entry-Level Petroleum Engineer Salary

For Entry-Level Petroleum Engineers, yearly average wages total $93K annually. Total cash earnings of Entry-Level Petroleum Engineers range from $49K on the low end to $141K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $26K and $19K, respectively. Residence is the biggest factor affecting pay for this group, followed by the specific employer. Most Entry-Level Petroleum Engineers report high levels of job satisfaction. Among survey respondents, men are more common than women; 85 percent of Entry-Level Petroleum Engineers are male. Most report receiving medical coverage from their employers and a majority collect dental insurance. This snapshot results from replies to PayScale's salary survey.

$51,079 - $123,203
$51K
$93K
$120K
MEDIAN: $92,677
10%
50%
90%

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$10.29 - $79.28
$10
$37
$79
MEDIAN: $37.14
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
$51,079 - $123,203  
   
Bonus
$484.01 - $25,760  
Profit Sharing
$12.08 - $19,392  
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).
)
$49,432 - $141,443  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 489
© PayScale, Inc. @ www.payscale.com
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$50$100$150
Hourly Rate
$10.29 - $79.28  
   
Hourly Tips
$0.23  
Overtime
$15.21 - $147.95  
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$100K$200K$300K
Bonus
$484.01 - $25,760  
   
Profit Sharing
$12.08 - $19,392  
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).
)
$49,432 - $141,443  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 53
© PayScale, Inc. @ www.payscale.com

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Popular Employer Salaries for Petroleum Engineer


Entry-Level Petroleum Engineers flock to British Petroleum (BP), Chevron Corporation, Shell Oil Company, EOG Resources, Inc., and Schlumberger, highly regarded companies that employ a generous number of people in this profession. Although salaries only range from $100K to just $163K, EOG Resources, Inc. still offers the highest pay with a median paycheck of $122K.

Pay Difference by Location

National Average: $96,960

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

For Entry-Level Petroleum Engineers, working in the bustling city of Denver has its advantages, including an above-average pay rate. Entry-Level Petroleum Engineers can also look forward to large paychecks in cities like Williston (+24 percent), New York (+22 percent), Los Angeles (+21 percent), and Midland (+11 percent). One of the biggest compensable factors for Entry-Level Petroleum Engineers is geography, with workers in New Orleans earning a whopping 21 percent below the national average. Workers in Texas City and Austin earn salaries that trail the national average for those in this profession (17 percent less and 13 percent less, respectively).

Key Stats for Petroleum Engineer

Gender

Female
15 %
Male
85 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.
Less than 1 year
22%
1-4 years
62%
5-9 years
15%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Petroleum Engineer Salaries

▲14%


Project Management
▲7%


Microsoft Office
▲5%



Borehole Formation Evaluation (FE)
▲2%


Drilling Engineering
▼0%

Microsoft Word
▼0%

National Average
$97,000

Data Analysis
▼26%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.

Gender

Female
15 %
Male
85 %

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 68%
vision benefits
Vision: 60%
dental benefits
None: 12%
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