Unsurprisingly, oil and gas is the sector most represented in this year’s roster of companies paying a median of $100,000 or more. Thirteen of the 26 were energy-related.
Jobs in oil and gas are typically demanding, dangerous or highly skilled. Restructuring in the energy market last year following Russia’s invasion of Ukraine also caused an oil boom, making those coveted jobs even more in-demand than before.Harvard Business Review also notes that labor costs as a percentage of operating expenses are lower in oil and gas than in other industries, leading to higher wages.
Public companies are required to report the ratio between what they pay their CEOs versus what their workers are paid at the median point. In Dallas-Fort Worth, those gaps run the gamut from an eye-popping 3,079 to 1 to an unusually tiny 0 to 1.