Average Petroleum Engineer Salary

$101,406
Avg. SalaryShow Hourly Rate
$12,452
Bonus
$5,102
Profit Sharing
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The average salary for a Petroleum Engineer is $101,406.
10%
$61k
10%
$101k
50%
$170k
90%
90%
MEDIAN $101,406
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United States (change)
Salary
$61k - $170k
Bonus
$1k - $41k
Profit Sharing
$97 - $43k
Total Pay
$61k - $201k

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Job Description for Petroleum Engineer

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

Job Satisfaction for Petroleum Engineer

3.8 out of 5
(122)
Highly Satisfied
13Reviews
The top respondents for the job title Petroleum Engineer are from the companies Chevron Corporation, Shell Oil Company and Schlumberger. Reported salaries are highest at Shell Oil Company where the average pay is $122,573. Other companies that offer high salaries for this role include Schlumberger and ExxonMobil Corporation, earning around $122,000 and $120,731, respectively. Halliburton Co pays the lowest at around $61,445. Halliburton Energy Services and Chevron Corporation also pay on the lower end of the scale, paying $92,000 and $117,001, respectively.

Career Paths

Explore the most common career paths for Petroleum Engineer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Petroleum Engineer
Reservoir Engineer
Assistant Project Manager, Construction
Production Engineer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Petroleum Engineer Job Listings

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Popular Skills for Petroleum Engineer

Skills in Well Production Engineering, Reservoir Engineering and Engineering Design are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Drilling Engineering.

Pay by Experience Level for Petroleum Engineer

An entry-level Petroleum Engineer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $86,650 based on 201 salaries. An early career Petroleum Engineer with 1-4 years of experience earns an average total compensation of $96,111 based on 560 salaries. A mid-career Petroleum Engineer with 5-9 years of experience earns an average total compensation of $117,579 based on 278 salaries. An experienced Petroleum Engineer with 10-19 years of experience earns an average total compensation of $129,515 based on 189 salaries. In their late career (20 years and higher), employees earn an average total compensation of $154,870.
Employees with Petroleum Engineer in their job title in Midland, Texas earn an average of 9.3% more than the national average. These job titles also find higher than average salaries in Denver, Colorado (8.3% more) and Houston, Texas (3.9% more). The lowest salaries can be found in Tulsa, Oklahoma (14.1% less), Oklahoma City, Oklahoma (5.5% less) and Los Angeles, California (1.4% less).

Years of Experience

This data is based on 1,400 survey responses.
Entry Level
14.4%
Early Career
40.0%
Mid Career
19.9%
Experienced
13.5%
Late Career
12.3%