CHARLOTTE, N.C. — Looking for a job and want to know where the pay is likely to be the best? It may be in black gold.
Out of 50 of the largest companies in America, the highest median employee pay in 2018 was at Texas-based oil giants Phillips 66 and Exxon Mobil Corp.
Houston-based Phillips (NYSE: PSX) last year paid its median employee $196,407, and Dallas-based Exxon Mobil (NYSE: XOM) paid its median employee $171,375.
Another Texas-based energy giant, San Antonio-based petroleum refiner Valero Energy Corp. (NYSE: VLO), was also near the top for pay among the largest U.S. companies, with a 2018 median employee pay of $153,981.
Companies around the United States have recently revealed their median employee pay for 2018. It’s only the second year pay figures have been disclosed: The Dodd-Frank Wall Street Reform and Consumer Protection Act required U.S. public companies to begin disclosing median employee pay in early 2018.
Atlanta Business Chronicle, a CBJ-affiliated publication, looked at more than 50 of the largest U.S. companies, finding that 19 of them had a median employee pay above $100,000 in 2018. That includes Charlotte-based Duke Energy Corp. (NYSE: DUK); however, another local powerhouse — Bank of America Corp. (NYSE: BAC) — fell short of that figure.
Among 50 of the largest U.S. companies that the Atlanta publication examined, other top industries for the highest pay include finance and pharmaceuticals.
So, where is the lowest median employee pay among the largest U.S. companies? Not surprisingly, it’s at those that have large global workforces with employees in countries with lower wages than the United States.
Check out this slideshow to see the 2018 median employee pay at 50 of America's largest companies.
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