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Salaries Rise Year on Year but Fall From 2012

Source: Getty Images.

Petroleum industry professionals reported an average total compensation of USD 214,328 in 2014, compared with 203,557 in 2013 and 223,472 in 2012. Respondents reported an average increase of 6.4% globally in base pay over the past year. Eight out of 10 respondents (82.8%) indicated that their base pay increased over 2013.

Average base pay reported in 2014 (USD 156,439) was higher than that in 2013 (USD 153,620), but less than that reported in 2012 (USD 166,753). But bonus and other compensation in 2014 (USD 57,889) was lower than in in 2013 (USD 64,000). The number of professionals receiving a car allowance has declined. This year, slightly more than a quarter of respondents (28.4%) receive a car allowance, which is down from 31% in 2013.

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Salaries Rise Year on Year but Fall From 2012

01 November 2014

Volume: 66 | Issue: 11

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