$92,645
Avg. Salary
$39.15
Avg. Hourly Rate

Average additional compensation:

$9,946

Bonus

$2,962

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Petroleum Engineer is $39.15 per hour.

The average pay for a Petroleum Engineer is $92,645 per year.

$15.05
10%
$39.15
50%
$80.54
90%
MEDIAN $39.15
$54k
10%
$93k
50%
$124k
90%
MEDIAN $92,645
$54,149 - $124,125
$54K
$93K
$120K
MEDIAN: $92,645
10%
50%
90%

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$15.05 - $80.54
$15
$39
$81
MEDIAN: $39.15
10%
50%
90%

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$0$145K
Salary $54,149 - $124,125
Bonus $508 - $29,306
Profit Sharing $48.72 - $20,157
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).
)
$51,419 - $145,545
  • Country: United States
  • Currency: USD
  • Updated: 19 Feb 2019
  • Individuals Reporting: 862
Hourly Data $0$148
Hourly Rate $15.05 - $80.54
Hourly Tips $0.23
Overtime $16.61 - $149
Annual Data $0$145K
Bonus $508 - $29,306
Profit Sharing $48.72 - $20,157
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).
)
$51,419 - $145,545
  • Country: United States
  • Currency: USD
  • Updated: 19 Feb 2019
  • Individuals Reporting: 96

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.

Popular Employer Salaries for Petroleum Engineer


Entry-Level Petroleum Engineers fill the offices of leading firms British Petroleum (BP), Chevron Corporation, Shell Oil Company, EOG Resources, Inc., and Schlumberger. EOG Resources, Inc. pays the most with a median salary of $122K, though there is little variation overall ($100K to $163K).

Petroleum Engineer Job Listings

Pay Difference by Location

National Average: $97,181

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

For Entry-Level Petroleum Engineers, working in the bustling city of Denver has its advantages, including an above-average pay rate. Entry-Level Petroleum Engineers can also look forward to large paychecks in cities like Williston (+24 percent), New York (+22 percent), Los Angeles (+21 percent), and Midland (+11 percent). The lowest-paying market is New Orleans, which sits 21 percent below the national average, proving that location is a significant contributor to overall pay. Not at the bottom but still paying below the median are employers in Texas City and Austin (17 percent lower and 13 percent lower, respectively).

Key Stats for Petroleum Engineer

Gender

Female
12 %
Male
88 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 76 votes.
Less than 1 year
23%
1-4 years
63%
5-9 years
15%

Skills That Affect Petroleum Engineer Salaries

▲13%


Project Management
▲7%


Microsoft Office
▲5%




Borehole Formation Evaluation (FE)
▲1%

Drilling Engineering
▼0%

National Average
$97,000

Microsoft Word
▼1%

Data Analysis
▼26%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 76 votes.

Gender

Female
12 %
Male
88 %

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 72%
vision benefits
Vision: 66%
no benefits
None: 10%