Average Petroleum Engineer Salary

The top respondents for the job title Petroleum Engineer are from the companies Chevron Corporation, Shell Oil Company and Halliburton Energy Services. Reported salaries are highest at Shell Oil Company where the average pay is $165,000. Other companies that offer high salaries for this role include Chevron Corporation and ExxonMobil Corporation, earning around $129,530 and $121,582, respectively. Halliburton Co pays the lowest at around $61,445. Halliburton Energy Services and TransCanada Pipelines Limited also pay on the lower end of the scale, paying $98,264 and $120,000, respectively.

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

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 $84,016 based on 158 salaries. An early career Petroleum Engineer with 1-4 years of experience earns an average total compensation of $95,152 based on 416 salaries. A mid-career Petroleum Engineer with 5-9 years of experience earns an average total compensation of $117,281 based on 220 salaries. An experienced Petroleum Engineer with 10-19 years of experience earns an average total compensation of $129,774 based on 158 salaries. In their late career (20 years and higher), employees earn an average total compensation of $155,810.

Employees with Petroleum Engineer in their job title in Midland, Texas earn an average of 9.4% more than the national average. These job titles also find higher than average salaries in Houston, Texas (5.1% more) and Dallas, Texas (4.0% more). The lowest salaries can be found in Tulsa, Oklahoma (13.0% less) and Oklahoma City, Oklahoma (11.5% less).