National » Architecture and Engineering » Petroleum Engineers

Petroleum Engineer Salary Information

The salary statistics of petroleum engineers are shown in Table 1. In the next few tables we compare the average salaries of petroleum engineers within different industry sectors and in the 50 states of the United States. The petroleum engineers annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1. Petroleum Engineer Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$73,000
25th Percentile Wage
$97,430
50th Percentile Wage
$128,230
75th Percentile Wage
$179,450
90th Percentile Wage
No Data

Table 1 shows the average annual salary for petroleum engineers. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $179,450. The median annual salary (50th percentile) is $128,230. The average annual salary for the bottom 10 percent is $73,000. It is noted that in the United States, the annual salary of the 75th percentile (the top 25 percent of the highest paid) is almost 145% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of petroleum engineers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016128,230-1.37%-1.60%
2015129,990-0.05%-
2014130,050-1.75%-
2013132,3201.54%-
2012130,280--

Table 2. Petroleum Engineer Salary by Industry Sector

The average salaries of petroleum engineers in 11 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for petroleum engineers occupations is the finance and insurance sector with an annual salary $167,210. The lowest paying sector is the real estate and rental and leasing sector (annual salary $89,690).

Industry Sector Median Annual Salary
Finance and Insurance
$167,210
Construction
$157,780
Management of Companies and Enterprises
$153,320
Professional, Scientific, and Technical Services
$133,370
Mining
$126,860
Manufacturing
$124,000
Transportation and Warehousing
$116,870
Wholesale Trade
$111,780
Federal, State, and Local Government
$101,720
Utilities
$99,220
Real Estate and Rental and Leasing
$89,690

Table 3. Median Annual Wage of Petroleum Engineers by States

From the above tables we note that not only petroleum engineers salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of petroleum engineers in all 50 states of the United States. We note that the median annual salaries range from $88,380 to $141,220. The highest paying state for petroleum engineers is Colorado with a median annual salary of $141,220. The lowest paying state is New Mexico with a median annual salary of $88,380. For more salary information of petroleum engineers profession in a specific state, use the links in the table.

State Name Median Annual Salary
Colorado
$141,220
Texas
$139,800
Alaska
$139,110
Washington
$135,480
Louisiana
$128,370
California
$121,730
Virginia
$119,800
Kentucky
$119,310
Utah
$118,610
Arizona
$117,250
North Dakota
$116,840
Montana
$115,120
Mississippi
$115,100
Oklahoma
$115,060
Pennsylvania
$112,500
Michigan
$112,240
Arkansas
$110,410
Kansas
$108,440
Wyoming
$103,000
West Virginia
$100,490
Ohio
$95,910
New Mexico
$88,380


Related:

Highest paying states for petroleum engineers

Highest paying cities for petroleum engineers

Highest paying industries for petroleum engineers.