Petroleum Engineers in the United States see excellent average salaries — about $100K annually. Cash earnings for Petroleum Engineers — which occasionally include more than $41K from bonuses and more than $30K from profit sharing — stretch from around $60K to approximately $194K. This group's pay is mainly influenced by career duration, followed by geography and the particular employer. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Most workers in this position report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$59,809 - $165,543
(Median)
$60K
$100K
$170K
MEDIAN: $100,221
10%
50%
90%

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$14.97 - $90.60
(Median)
$15
$50
$91
MEDIAN: $49.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$59,809 - $165,543  
   
Bonus
$993 - $40,772  
Profit Sharing
$66.38 - $29,682  
Commission
$12,578  
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).
)
$59,844 - $194,045  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 837
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$80$160$240
Hourly Rate
$14.97 - $90.60  
   
Hourly Tips
$1.56  
Overtime
$10.21 - $226.51  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$160K$320K$480K
Bonus
$993 - $40,772  
   
Commission
$12,578  
Profit Sharing
$66.38 - $29,682  
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).
)
$59,844 - $194,045  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 78
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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


Chevron Corporation, ConocoPhillips Company, EOG Resources, Inc., Halliburton Energy Services, and Occidental Petroleum Corporation are some prominent firms with considerable interest in employing a large team of Petroleum Engineers. Anadarko Petroleum Corp leads the field in terms of pay, with a median salary of $169K. Other leaders in compensation levels are BHP Billiton at $163K, Occidental Petroleum Corporation at $147K, and Chevron Corporation, where Petroleum Engineers annually earn $146K.

Others at the bottom of the scale for this job include ExxonMobil Corporation at $109K, and Halliburton Energy Services where $121K is the norm, but it is worth noting that some Petroleum Engineers there earn up to $171K.

Popular Skills for Petroleum Engineer


Survey results imply that Petroleum Engineers deploy a deep pool of skills on the job. Most notably, skills in Project Management, Petroleum Engineering, Simulation, and Well Production Engineering are correlated to pay that is above average, with boosts between 14 percent and 18 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Word. Most people experienced in Well Production Engineering also know Drilling Engineering and Oil and Gas Formation Evaluation. Those familiar with Reservoir Engineering also tend to know Oil and Gas Formation Evaluation and Drilling Engineering.

Pay by Experience Level for Petroleum Engineer

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


Experience is an important factor influencing the compensation of Petroleum Engineers. Relatively untried employees who have less than five years' experience make $97K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $121K. For Petroleum Engineers, 10 to 20 years of experience on the job amounts to an average salary of $144K. Seasoned veterans with 20 years under their belts enjoy a median income of $179K.

Pay Difference by Location

National Average: $102,954

Larger city markers indicate a job is popular in that location.

For Petroleum Engineers, working in the bustling city of New Orleans has its advantages, including an above-average pay rate. Petroleum Engineers can also look forward to large paychecks in cities like Farmington (+30 percent), Bakersfield (+26 percent), Dallas (+25 percent), and Denver (+25 percent). Petroleum Engineers in San Antonio make 28 percent less than the national average, proving that location is a major factor in pay. A couple other locations with smaller-than-average paychecks include Texas City (3 percent lower) and Fort Worth (2 percent lower).

Petroleum Engineer Reviews

What is it like working as a Petroleum Engineer?

Petroleum Engineer in Midland:
"Petroleum Engineering is for the relentless puzzle solver."
Pros: There is always a new obstacle, problem, or puzzle to solve. Success is dependent on team execution, and people skills are just as - or even more - important than technical skills. The industry is fascinating and dynamic, and technological advancement keeps the job fresh and exciting.
Cons: The phone is always ringing. The oilfield doesn't stop for you to sleep. Oil prices dictate employment opportunities, and end a lot of them.

Related Job Salaries

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Experience Affects Petroleum Engineer Salaries




National Average
$103,000


Skills That Affect Petroleum Engineer Salaries


Petroleum Engineering
up arrow 15%






Data Analysis
up arrow 10%



Microsoft Excel
up arrow 1%

National Average
$103,000

Drilling Engineering
up arrow 1%

Microsoft Word
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
9 %
Male
91 %

Years of Experience

Less than 1 year
16%
1-4 years
41%
5-9 years
19%
10-19 years
13%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 71%
medical benefits
Vision: 62%
dental benefits
None: 9%
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