The salary statistics of petroleum engineers in the industry sector of utilities are shown in Table 1. In Table 2 we compare petroleum engineer salaries in different industries within the utilities sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $66,740 |
| 25th Percentile Wage | $79,940 |
| 50th Percentile Wage | $101,800 |
| 75th Percentile Wage | $133,270 |
| 90th Percentile Wage | $167,120 |
Table 1 shows the average annual salary for petroleum engineers in the industry sector of utilities. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) petroleum engineers is $167,120. The median annual salary (50th percentile) is $101,800. The average annual salary for the bottom 10 percent paid petroleum engineers is $66,740.
The table and chart below show the trend of the median salary of petroleum engineers in the industry sector of utilities from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $101,800 | 9.11% | 0.41% |
| 2017 | $92,530 | -7.23% | - |
| 2016 | $99,220 | -6.30% | - |
| 2015 | $105,470 | -9.34% | - |
| 2014 | $115,320 | 9.31% | - |
| 2013 | $104,580 | 3.06% | - |
| 2012 | $101,380 | - | - |
The average salaries of petroleum engineers in three industries in the utilities sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for petroleum engineer occupations is the fossil fuel electric power generation industry with an annual salary $120,060. The lowest paying industry is the nuclear electric power generation industry (annual salary $109,210). For detailed petroleum engineer salary information in a particular industry, use the links provided below.
| Industry Name | Median Annual Salary |
|---|---|
| Fossil Fuel Electric Power Generation | |
| Electric Power Generation, Transmission and Distribution | |
| Nuclear Electric Power Generation | |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].