National Salary Info » Petroleum Engineers

Highest Paying Industries for Petroleum Engineers

The top 43 highest paying industries for petroleum engineers (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment in those industries are also shown. As shown in the table, with an average annual salary of $162,840, other financial investment activities is the highest paying industry for petroleum engineers. It is followed by securities, commodity contracts, and other financial investments and related activities industry (average annual salary $162,840). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics in May 2015 [1]. For more information about salaries of petroleum engineers in a specific industry, use the links in the table.

Table 1. 43 Highest Paying Industries for Petroleum Engineers

Industry Average Salary i # of
Empl. i
1 Other Financial Investment Activities
$162,840
60
2 Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$162,840
60
3 Finance and Insurance
$161,680
90
4 Management of Companies and Enterprises
$154,410
3,250
5 Engineering Services
$143,940
1,410
6 Chemical and Allied Products Merchant Wholesalers
$143,840
n/a
7 Oil and Gas Extraction
$142,620
15,310
8 Architectural, Engineering, and Related Services
$140,550
1,610
9 Basic Chemical Manufacturing
$135,800
n/a
10 Agriculture, Construction, and Mining Machinery Manufacturing
$135,750
200
11 Pipeline Transportation of Natural Gas
$135,700
720
12 Chemical Manufacturing
$135,520
n/a
13 Professional, Scientific, and Technical Services
$134,620
3,360
14 Temporary Help Services
$134,420
60
15 Employment Services
$134,420
60
16 Administrative and Support Services
$134,420
60
17 Administrative and Support and Waste Management and Remediation Services
$132,480
60
18 Mining
$131,810
20,670
19 Research and Development in the Physical, Engineering, and Life Sciences
$129,420
610
20 Scientific Research and Development Services
$129,420
610
21 Machinery Manufacturing
$128,890
220
22 Pipeline Transportation
$124,480
1,290
23 Transportation and Warehousing
$124,070
1,330
24 Manufacturing
$118,980
3,290
25 Management, Scientific, and Technical Consulting Services
$118,730
1,060
26 Petroleum and Coal Products Manufacturing
$118,190
3,000
27 Electric Power Generation, Transmission and Distribution
$117,750
80
28 Pipeline Transportation of Crude Oil
$115,350
410
29 Utilities
$115,320
930
30 Wholesale Trade
$115,140
140
31 Natural Gas Distribution
$114,630
850
32 Merchant Wholesalers, Nondurable Goods
$113,150
120
33 Other Pipeline Transportation
$111,880
160
34 Petroleum and Petroleum Products Merchant Wholesalers
$106,740
70
35 Support Activities for Mining
$102,370
5,360
36 Federal government, including USPS
$98,910
310
37 Federal Executive Branch (OES Designation)
$98,910
310
38 Federal, State, and Local Government (OES Designation)
$98,910
450
39 Federal, State, and Local Government
$98,910
450
40 Public sector -- Federal, state, and local government, including government owned schools and hospit
$98,900
460
41 State Government, excluding schools and hospitals (OES Designation)
$98,360
100
42 State government, including schools and hospitals
$98,350
120
43 Testing Laboratories
$90,230
n/a
See also: Highest paying cities for petroleum engineers.