Formosa Exploration Inc Salary

Formosa Exploration Inc Salary

How much does the Formosa Exploration Inc Pay for employees?

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As of August 2026, the average hourly salary for employees at Formosa Exploration Inc in the United States is $45. This translates to an approximate annual wage of $94,035. Salaries at Formosa Exploration Inc typically range from $40 to $51 hourly, reflecting the diverse roles and experience levels within the company. Formosa Exploration Inc’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Formosa Exploration Inc

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Is Formosa Exploration Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Formosa Exploration Inc’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Formosa Exploration Inc
Energy & Utilities
Stonegate Exploration Inc
Four Winds Exploration LLC
Industry Comparison
Our data shows that, on average, compensation at Formosa Exploration Inc is below the average for the U.S. Energy & Utilities industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Formosa Exploration Inc average annual salary with several similar companies. Formosa Exploration Inc average salary of $94,035 is higher than Stonegate Exploration Inc, which has an average salary of $93,571. It is higher than Four Winds Exploration LLC, with their average salary at $91,082. This places Formosa Exploration Inc in a competitive position among its peers.
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Companies Similar to Formosa Exploration Inc and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Formosa Exploration Inc. Click a company name to learn more.

Employee Reviews: Working at Formosa Exploration Inc

Considering a career at Formosa Exploration Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Coworkers are respectful, and there's minimal workplace drama. Management respects field expertise as much as engineering knowledge. There’s a shared sense of mission among staff, and I feel proud to contribute to something meaningful. The company’s renewable focus and community engagement make it a responsible and innovative industry player worth joining.
Commented in February 23, 2025
20
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Clean energy implementation is practical and measurable. I’ve grown a lot professionally thanks to great mentorship and training opportunities. The company is structured and organized, which helps day-to-day operations run smoothly. I’ve developed new skills and made valuable connections. Leadership communicates company goals clearly and recognizes employee contributions. Despite serving millions,...
Commented in October 23, 2024
46
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A great balance of technical work, innovation, and teamwork. Green energy solutions are prioritized and tracked. Workload peaks seasonally, increasing pressure. However, energy around change and innovation is lacking. The mission aligns with my values.
Commented in October 20, 2024
44
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It’s refreshing to work for a company that invests in its people. Employees generally know what to do, and deadlines are met. People are knowledgeable and willing to help. While benefits are decent and job security is stable, communication from leadership can be sporadic and formal.
Commented in March 12, 2024
49
1

Formosa Exploration Inc Overview

Website
Data pending, update soon.
Founded In
1989
Employees
25 - 50 employees
Industry
Energy & Utilities
Headquarter Address
160 E Broadway Salt Lake City Utah UT
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Formosa Exploration Inc
Formosa Exploration Inc is a company that operates in the Oil & Energy industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Salt Lake City, Utah.

What Benefits Does Formosa Exploration Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formosa Exploration Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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FAQs of Formosa Exploration Inc

1. How much does a Formosa Exploration Inc employee make?

Formosa Exploration Inc pays its employees an average of $45 per hour. The average salary at Formosa Exploration Inc range from $40 to $51 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Formosa Exploration Inc?

The salary at Formosa Exploration Inc is higher than the similar company. The average annual salary at Formosa Exploration Inc is $94,035, or an hourly wage of $45, in comparison to Stonegate Exploration Inc which pays $93,571 per year or $45 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Formosa Exploration Inc?

In many roles at Formosa Exploration Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. What kind of benefits does Formosa Exploration Inc typically offer employees?

Formosa Exploration Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Formosa Exploration Inc" section on this page.

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