Average Petroleum Engineer Salary

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.

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.

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).