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Petroleum Engineer Salary

Average pay for a Petroleum Engineer in the United States is considerable, rounding six figures at $99K per year. Survey participants with less than five years' experience report a median income of $96K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $120K. For Petroleum Engineers, 10 to 20 years of experience on the job amounts to an average salary of $151K. Seasoned veterans with 20 years under their belts enjoy a median income of $205K. This overview is based on answers to PayScale's salary questionnaire.

$62,266 - $168,833
(Median)
$62K
$99K
$170K
MEDIAN: $99,313
10%
50%
90%

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$15.40 - $98.99
(Median)
$15
$40
$99
MEDIAN: $40
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$62,266 - $168,833  
   
Bonus
$968 - $38,492  
Profit Sharing
$970 - $29,134  
Commission
$1,350 - $12,800  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$65,440 - $195,606  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,453
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60$120$180
Hourly Rate
$15.40 - $98.99  
   
Overtime
$10.00 - $175.00  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$120K$240K$360K
Bonus
$968 - $38,492  
   
Commission
$1,350 - $12,800  
Profit Sharing
$970 - $29,134  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$65,440 - $195,606  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 67

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Job Description for Petroleum Engineer

Petroleum engineers design and oversee the production and methods for retrieving oil and natural gas from various depths beneath the earth's surface. Most petroleum engineers work for oil companies. Others work at universities or research facilities.

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Petroleum Engineer Tasks

  • Oversee drilling and offer technical advice to achieve economical and satisfactory progress.
  • Devise methods to improve oil and gas well production and determine the need for new or modified tool designs.

Petroleum Engineer Job Listings

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Popular Employer Salaries for Petroleum Engineer


Many Petroleum Engineers can be found at Chevron Corporation, British Petroleum (BP), Shell Oil Company, ConocoPhillips Company, and Schlumberger, firms that are at the top of the field. BHP Billiton offers the highest compensation with a median salary of $159K. Petroleum Engineers will also find cushy salaries at Occidental Petroleum Corporation (+$147K), Anadarko Petroleum Corp (+$142K), and Schlumberger (+$138K).

Employees of British Petroleum (BP) can expect to make the least, with the company offering a median salary of $105K; however, pay is widely dispersed from top to bottom, ranging from $67K to $181K. Others at the bottom of the scale for this job include ExxonMobil Corporation at $106K, and Baker Hughes Inc where $106K is the norm, but it is worth noting that some Petroleum Engineers there earn up to $325K.

Popular Skills for Petroleum Engineer


Petroleum Engineers seem to exploit a large range of skills on the job. Most notably, facility with Project Management, Well Production Engineering, and Reservoir Engineering are correlated to pay that is significantly above average, leading to increases of 20 percent, 17 percent, and 12 percent, respectively. Skills that seem to negatively impact pay include Microsoft Word. Most people skilled in Reservoir Engineering are similarly competent in Oil and Gas Formation Evaluation. Most people skilled in Well Production Engineering are similarly competent in Drilling Engineering, Oil and Gas Formation Evaluation, and Engineering Design.

Pay by Experience Level for Petroleum Engineer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location


Home to some of the best pay for Petroleum Engineers, Fort Worth offers exceptional salaries, 21 percent above the national average. Petroleum Engineers can also look forward to large paychecks in cities like Anchorage (+12 percent), Bakersfield (+8 percent), Houston (+8 percent), and Denver (+8 percent). Pittsburgh is the lowest-paying area, 16 percent south of the national average. Employers in Los Angeles and Tulsa also lean toward paying below-median salaries (13 percent lower and 9 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Petroleum Engineer Salaries




National Average
$106,000


Skills That Affect Petroleum Engineer Salaries




Petroleum Engineering
up arrow 12%


Oil and Gas Formation Evaluation
up arrow 4%

Simulation
up arrow 4%

Drilling Engineering
up arrow 3%

National Average
$106,000

Microsoft Office
up arrow 1%

Microsoft Excel
up arrow 2%

Microsoft Word
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 256 votes.

Gender

Female
8 %
Male
92 %

Years of Experience

Less than 1 year
17%
1-4 years
37%
5-9 years
21%
10-19 years
13%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 5%