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Average Petroleum Engineer Salary

$101,649
Avg. SalaryShow Hourly Rate
$13,066
Bonus
$5,116
Profit Sharing
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The average salary for a Petroleum Engineer is $101,649.
10%
$62k
MEDIAN
$102k
90%
$174k
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Salary
$62k - $174k
Bonus
$2k - $44k
Profit Sharing
$29 - $48k
Total Pay
$62k - $206k
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What Do Petroleum Engineers Do?

Job Satisfaction for Petroleum Engineer

4 out of 5
(108)
Highly Satisfied
15Reviews
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.

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
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Petroleum Engineer Job Listings

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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.
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.
Entry Level
14.6%
Early Career
38.3%
Mid Career
20.3%
Experienced
14.6%
Late Career
12.3%

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