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 .
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage|| |
|25th Percentile Wage|| |
|50th Percentile Wage|| |
|75th Percentile Wage|| |
|90th Percentile Wage|| |
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.
The following table and chart show the trend of the median salary of petroleum engineers from 2012 to 2016.
|Year||Median Salary||Yearly Growth||4-Year Growth|
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|| |
|Management of Companies and Enterprises|| |
|Professional, Scientific, and Technical Services|| |
|Transportation and Warehousing|| |
|Wholesale Trade|| |
|Federal, State, and Local Government|| |
|Real Estate and Rental and Leasing|| |
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|
|North Dakota|| |
|West Virginia|| |
|New Mexico|| |