Avg. Base Salary (USD)
The average salary for a Petroleum Engineer is $88,792
What is the Pay by Experience Level for Petroleum Engineers?
An early career Petroleum Engineer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $96,742 based on 225 salaries. A mid-career Petroleum Engineer with 5-9 years of experience earns an average total compensation of $111,636 based on 138 salaries. An experienced …Read more
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
FAQs About Petroleum Engineers
What is the highest pay for Petroleum Engineers?
Our data indicates that the highest pay for a Petroleum Engineer is $115k / year
What is the lowest pay for Petroleum Engineers?
Our data indicates that the lowest pay for a Petroleum Engineer is $54k / year
How can Petroleum Engineers increase their salary?
Increasing your pay as a Petroleum Engineer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Petroleum Engineer that oversees more junior Petroleum Engineers, this experience can increase the likelihood to earn more.