New grad engineer TC Exxon
How much does a new grad engineer in oil and gas at Exxon make these days?
If you mean data science or IT $100K. If you mean core geoscience roughly 120K, if you have an MS 135K, PhD 150K. Add about 10 to 15% in pension/retirement/perks/bonus to get TC. So TC range roughly 110K with a BS to 175K with a PhD straight out of school.
I was thinking like a chemical engineer working in oil and gas immediately after their BS. What is the base and bonus for that? Wasn't thinking about pension/retirement/perks etc.
Not sure. I’d imagine 90k downstream (refining) to maybe 110k upstream (rigs). Bonuses may be higher for upstream rig ops. I’ve heard numbers like 60-80K in bonuses but don’t know if that’s true. Also those high end bonuses may be for service company folks (Slb, Halliburton, Baker) and not with the operators like Exxon. (But service companies lay you off at the drop of a hat, while the operators, like Exxon keep numbers more stable).
exxon hq in Irving is pretty nice tho
They are relocating the hq to Houston. Pretty sure Irving hq is winding down.
It is around $100k starting for engineers out of school with a BS and was the same across the board and then no bonus but you get pension and 401k match
Run from Exxon, culture and forced ranking is terrible. If you're dead set on oil, Shell is a better company. Total comp is ~100k for most oil companies. Exxon pension is a joke unless you plan to retire at Exxon.
Base salary is around $100k (and has been stuck there since I initially hired on over five years ago, as Exxon and other companies have been turning away from their prior strategy of paying top dollar for the top grads from the top engineering schools). 401k match tacks on another 7%, pension another 5% (it’s definitely worth counting, and it adds much more to TC the older you get). No bonus.
Don’t underestimate the Pension. I’m leaving with millions and never made exec
Then also say pension is merely 10% of your yearly base salar. Something but not great if you get better TC and Culture somewhere else.
Fuck Exxon
Happy to elaborate if you're uninformed about their past and current efforts to accelerate climate change.