The salary statistics of petroleum engineers in the industry sector of management of companies and enterprises are shown in Table 1. In Table 2 we compare petroleum engineer salaries in different industries within the management of companies and enterprises sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $107,150 |
| 25th Percentile Wage | $134,810 |
| 50th Percentile Wage | $172,570 |
| 75th Percentile Wage | $204,720 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for petroleum engineers in the industry sector of management of companies and enterprises. The salaries are shown in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) petroleum engineers is $204,720. The median annual salary (50th percentile) is $172,570. The average annual salary for the bottom 10 percent paid petroleum engineers is $107,150.
The table and chart below show the trend of the median salary of petroleum engineers in the industry sector of management of companies and enterprises from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $172,570 | 2.68% | 17.00% |
| 2017 | $167,950 | 8.71% | - |
| 2016 | $153,320 | 0.57% | - |
| 2015 | $152,450 | -1.29% | - |
| 2014 | $154,410 | 12.67% | - |
| 2013 | $134,850 | -6.22% | - |
| 2012 | $143,240 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].