$100,877
Avg. Salary
$48.97
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$13,605

Profit Sharing

$5,109

Commission

$12,578

The average pay for a Petroleum Engineer is {{pay}} per hour.

The average pay for a Petroleum Engineer is KWD 21,600 per year.

$15
10%
$49
50%
$95
90%
MEDIAN $49
$60k
10%
$101k
50%
$170k
90%
MEDIAN $100,877
$60,167 - $170,296
$60K
$100K
$170K
MEDIAN: $100,877
10%
50%
90%

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$15.45 - $95.00
$15
$49
$95
MEDIAN: $48.97
10%
50%
90%

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$0$201K
Salary $60,167 - $170,296
Bonus $1,004 - $45,645
Profit Sharing $50.93 - $40,300
Commission $12,578
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$59,914 - $201,691
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2018
  • Individuals Reporting: 1,466
Hourly Data $0$122
Hourly Rate $15.45 - $95.00
Hourly Tips $0.90
Overtime $15.10 - $123
Annual Data $0$201K
Bonus $1,004 - $45,645
Commission $12,578
Profit Sharing $50.93 - $40,300
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$59,914 - $201,691
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2018
  • Individuals Reporting: 129

Job Description for Petroleum Engineer

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.

Read More...

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.

Petroleum Engineer Pay By Employer

$0$310K

$118,539

$125,020

Schlumberger
15 profiles
$119,453

$119,998

$92,000

$131,179

$125,000

$101,738

$70,000

$104,928

Petroleum Engineer Job Listings

Popular Skills for Petroleum Engineer


Petroleum Engineers seem to wield many skills on the job. Most notably, skills in Project Management, Petroleum Engineering, Simulation, and Engineering Design are correlated to pay that is above average, with boosts between 14 percent and 16 percent. Data Analysis, on the other hand, is typically associated with much lower pay. Most people who know Well Production Engineering also know Drilling Engineering and Oil and Gas Formation Evaluation. For most people, competency in Reservoir Engineering indicates knowledge of Oil and Gas Formation Evaluation and Drilling Engineering.

Pay by Experience Level for Petroleum Engineer

Pay by Experience for a Petroleum Engineer has a positive trend. An entry-level Petroleum Engineer with less than 5 years of experience can expect to earn an average total compensation of $97,000 based on 542 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Petroleum Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $120,000 based on 201 salaries. An experienced Petroleum Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $140,000 based on 131 salaries. A Petroleum Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $177,000 based on 98 salaries.

Pay Difference by Location

21%

6%

2%

-2%

-4%

National Average: $105,100

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Petroleum Engineers, Farmington offers exceptional salaries, 29 percent above the national average. Petroleum Engineers will also find cushy salaries in Bakersfield (+25 percent), Denver (+23 percent), Los Angeles (+19 percent), and New Orleans (+17 percent). One of the biggest compensable factors for Petroleum Engineers is geography, with workers in Texas City earning a whopping 23 percent below the national average. Employers also pay below the national average in Fort Worth (9 percent lower) and San Antonio (5 percent lower).

Petroleum Engineer Reviews

Q: What is it like working as a Petroleum Engineer?

Petroleum Engineer in Fort Worth:
"Fort Worth living."
Pros: The town and the people. It has been a great place to live and work.
Cons: The worst part about Fort Worth is how hot it gets in the summer.

Petroleum Engineer in Indian:
"Not good."
Pros: In india salary is not enough for the needs so I perefer to work somewhere else like KSA.
Cons: Worst to work in india. I hate working in india.

Petroleum Engineer in Midland:
"Petroleum Engineering is for the relentless puzzle solver."
Pros: There is always a new obstacle, problem, or puzzle to solve. Success is dependent on team execution, and people skills are just as - or even more - important than technical skills. The industry is fascinating and dynamic, and technological advancement keeps the job fresh and exciting.
Cons: The phone is always ringing. The oilfield doesn't stop for you to sleep. Oil prices dictate employment opportunities, and end a lot of them.

Related Job Salaries

Key Stats for Petroleum Engineer

Gender

Female
10 %
Male
90 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 135 votes.
Less than 1 year
15%
1-4 years
41%
5-9 years
20%
10-19 years
13%
20 years or more
12%

Experience Affects Petroleum Engineer Salaries

▲68%

▲33%

▲14%

National Average
$105,000

▼8%

Skills That Affect Petroleum Engineer Salaries



▲12%

Petroleum Engineering
▲12%






National Average
$105,000




Data Analysis
▼30%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 135 votes.

Gender

Female
10 %
Male
90 %

Years of Experience

Less than 1 year
15%
1-4 years
41%
5-9 years
20%
10-19 years
13%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 74%
vision benefits
Vision: 65%
no benefits
None: 9%