The average salary for a Petroleum Engineer is $101,649.
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What Do Petroleum Engineers Do?
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.
Some of these engineers work in the field and help prospecting teams make recommendations on drilling sites based upon the cost, effort and feasibility of retrieving the product from where it is discovered. When a site is selected, these engineers …Read more
Job Satisfaction for Petroleum Engineer
Popular Employer Salaries for Petroleum Engineer
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.
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Somewhat common (8 - 20%)
Petroleum Engineer Job Listings
What Are Popular Skills for Petroleum Engineers?
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.
What is the Pay by Experience Level for Petroleum Engineers?
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.
Pay Difference by Location
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).
Years of Experience
This data is based on 1,085 survey responses.