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Petroleum Engineer Average Salary in United States 2021

How much money does a Petroleum Engineer make in United States?


Average Yearly Salary
97,100 USD
( 8,090 USD monthly)

LOW
45,600
USD
AVERAGE
97,100
USD
HIGH
153,000
USD

A person working as a Petroleum Engineer in United States typically earns around 97,100 USD per year. Salaries range from 45,600 USD (lowest) to 153,000 USD (highest).

This is the average yearly salary including housing, transport, and other benefits. Petroleum Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Petroleum Engineer Salary Distribution in United States

Median and salary distribution yearly United States Petroleum Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Engineer salaries in United States range from 45,600 USD per year (minimum salary) to 153,000 USD per year (maximum salary).

  • Median Salary

    The median salary is 103,000 USD per year, which means that half (50%) of people working as Petroleum Engineer (s) are earning less than 103,000 USD while the other half are earning more than 103,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Petroleum Engineer (s) are earning less than 66,800 USD while 75% of them are earning more than 66,800 USD. Also from the diagram, 75% of Petroleum Engineer (s) are earning less than 136,000 USD while 25% are earning more than 136,000 USD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Petroleum Engineer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly United States Petroleum Engineer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Petroleum Engineer salaries by experience level and this is what we found.

A Petroleum Engineer with less than two years of experience makes approximately 52,600 USD per year.

While someone with an experience level between two and five years is expected to earn 72,600 USD per year, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 103,000 USD per year, 42% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Petroleum Engineer (s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 126,000 USD per year, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 133,000 USD per year, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 145,000 USD per year, 9% more than people with fifteen to twenty years of experience.


Petroleum Engineer average salary change by experience in United States

0 - 2 Years
52,600 USD
2 - 5 Years+38%
72,600 USD
5 - 10 Years+42%
103,000 USD
10 - 15 Years+22%
126,000 USD
15 - 20 Years+6%
133,000 USD
20+ Years+9%
145,000 USD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Petroleum Engineer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Petroleum Engineer (s) who have the same experience but different education levels.

Salary comparison by education level yearly United States Petroleum Engineer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Petroleum Engineer salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Petroleum Engineer is 72,600 USD per year.

While someone with a Master's Degree gets a salary of 133,000 USD per year, 83% more than someone having a Bachelor's Degree degree.


Petroleum Engineer average salary difference by education level in United States

Bachelor's Degree
72,600 USD
Master's Degree+83%
133,000 USD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,500 US Dollar(s) to 118,000 US Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Petroleum Engineer Salary Comparison By Gender

Salary comparison by gender yearly United States Petroleum Engineer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Petroleum Engineer employees in United States earn 6% more than their female counterparts on average.

Male
99,800 USD
Female-5%
94,600 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
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Petroleum Engineer Average Annual Salary Increment Percentage in United States

How much are annual salary increments in United States for Petroleum Engineer (s)? How often do employees get salary raises?

Petroleum Engineer

Petroleum Engineer (s) in United States are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Petroleum Engineer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Annual Increment Rate By Industry 2020

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in United States for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Petroleum Engineer Bonus and Incentive Rates in United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Petroleum Engineer
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A Petroleum Engineer is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

41% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 59% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
59%
No Bonus
41%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Petroleum Engineer Average Hourly Wage in United States


47 USD per hour

The average hourly wage (pay per hour) in United States is 47 USD. This means that the average Petroleum Engineer in United States earns approximately 47 USD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Petroleum Engineer VS Other Jobs

Salary Comparison Between Petroleum Engineer  and Oil  / Gas / Energy / Mining yearly United States
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The average salary for Petroleum Engineer is 14% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Yard Manager88,500 USD-9%
Associate Analyst95,500 USD-2%
Associate Landman40,100 USD-59%
Auxiliary Equipment Operator37,500 USD-61%
Biomass Plant Technician41,100 USD-58%
Biomass Power Plant Manager121,000 USD+25%
Chemical Plant Operator71,700 USD-26%
Chief Contract Compliance Engineer96,600 USD-0%
Completions Engineer82,500 USD-15%
Cost Controller66,100 USD-32%
Crude Oil Marketing Representative96,900 USD-0%
Dispatcher37,700 USD-61%
Distribution Manager123,000 USD+27%
Dragline Operator43,300 USD-55%
Driller Offsider32,800 USD-66%
Dump Truck Driver35,800 USD-63%
Electric and Gas Operations Manager209,000 USD+120%
Energy Advisor135,000 USD+39%
Energy Analyst124,000 USD+28%
Energy Auditor112,000 USD+15%
Energy Dispatch Director146,000 USD+50%
Energy Technical Assistant54,600 USD-44%
Energy Technical Manager113,000 USD+16%
Energy Technical Trainer74,300 USD-23%
Exploration Manager153,000 USD+58%
Field Safety Auditor102,000 USD+5%
Fluids Engineer85,500 USD-12%
Fuel Cell Engineer91,700 USD-6%
Fuel Cell Technician45,000 USD-54%
Fuels Handler41,900 USD-57%
Gas Compressor Operator38,200 USD-61%
Gas Distribution Plant Operator72,900 USD-25%
Gas Supply Manager127,000 USD+31%
Geologist155,000 USD+60%
Geophysicist165,000 USD+70%
Geothermal Production Manager145,000 USD+49%
Geothermal Technician61,200 USD-37%
HSE Engineer87,800 USD-10%
HSE Officer55,000 USD-43%
HSEQ Administrator65,500 USD-33%
Inspector84,500 USD-13%
Instructor73,700 USD-24%
Instrument Designer70,300 USD-28%
Lead Technical Field Advisor115,000 USD+18%
Logistics and Tool Coordinator79,100 USD-19%
Maintenance Engineer93,500 USD-4%
Maintenance Superintendent77,900 USD-20%
Material Controller58,200 USD-40%
Mine Engineer86,000 USD-11%
Mine Surveyor96,000 USD-1%
Mining Project Administrator80,600 USD-17%
Mining Project Assistant63,400 USD-35%
Mining Project Controls Consultant93,300 USD-4%
Mining Project Coordinator79,900 USD-18%
Mining Project Engineer88,900 USD-8%
Mining Project Manager116,000 USD+19%
Mining Site Manager114,000 USD+17%
Mining Team Leader89,100 USD-8%
NDT Technician53,000 USD-45%
Oil Service Unit Operator44,300 USD-54%
Oil Trader117,000 USD+21%
Oilwell Pumper34,400 USD-65%
Petroleum Engineer 97,100 USD+0%
Petroleum Geologist153,000 USD+58%
Petroleum Pump System Operator48,300 USD-50%
Pipeline Technician33,700 USD-65%
Power Coordinator55,300 USD-43%
Power Plant Operations Manager177,000 USD+82%
Power Plant Operator73,500 USD-24%
Radio Operator38,700 USD-60%
Reliability Engineer86,500 USD-11%
Reservoir Engineer83,400 USD-14%
Risk Analyst112,000 USD+15%
Roughneck86,000 USD-11%
Scaffolder56,200 USD-42%
Shutdown Engineer76,100 USD-22%
Solar Energy Installation Manager127,000 USD+31%
Solar Energy Systems Engineer92,300 USD-5%
Solar Photovoltaic Installer60,000 USD-38%
Solar Thermal Technician53,100 USD-45%
Supply Operations Manager142,000 USD+46%
Sustainability Specialist138,000 USD+42%
System Development Advisor105,000 USD+8%
Tanker Truck Driver35,600 USD-63%
Utility Operator46,700 USD-52%
Wind Energy Project Manager120,000 USD+24%

Salary Comparison By City

CityAverage Salary
Atlanta96,300 USD
Austin110,000 USD
Baltimore98,500 USD
Boston106,000 USD
Bristol81,400 USD
Chicago115,000 USD
Cincinnati82,200 USD
Cleveland88,300 USD
Dallas116,000 USD
Denver109,000 USD
Detroit97,400 USD
Honolulu82,100 USD
Houston119,000 USD
Indianapolis107,000 USD
Iowa City82,900 USD
Jacksonville107,000 USD
Kansas City97,500 USD
Kent78,800 USD
Las Vegas98,800 USD
Long Beach95,800 USD
Los Angeles124,000 USD
Memphis95,600 USD
Miami88,100 USD
Minneapolis89,600 USD
New Orleans85,500 USD
New York123,000 USD
Oakland90,400 USD
Oklahoma City96,000 USD
Orlando88,000 USD
Philadelphia117,000 USD
Phoenix117,000 USD
Sacramento92,800 USD
San Antonio111,000 USD
San Diego114,000 USD
San Francisco111,000 USD
San Jose107,000 USD
Seattle104,000 USD
Tampa88,800 USD
Vancouver81,500 USD
Washington D.C.106,000 USD

Salary Comparison By State

StateAverage Salary
Alabama99,400 USD
Alaska92,500 USD
Arizona106,000 USD
Arkansas94,400 USD
California115,000 USD
Colorado99,900 USD
Connecticut103,000 USD
Delaware92,500 USD
District of Columbia87,200 USD
Florida116,000 USD
Georgia109,000 USD
Hawaii90,000 USD
Idaho95,900 USD
Illinois109,000 USD
Indiana100,000 USD
Iowa98,900 USD
Kansas95,300 USD
Kentucky105,000 USD
Louisiana101,000 USD
Maine89,400 USD
Maryland108,000 USD
Massachusetts104,000 USD
Michigan104,000 USD
Minnesota104,000 USD
Mississippi94,700 USD
Missouri108,000 USD
Montana92,200 USD
Nebraska91,700 USD
Nevada99,800 USD
New Hampshire92,200 USD
New Jersey103,000 USD
New Mexico97,700 USD
New York110,000 USD
North Carolina103,000 USD
North Dakota89,600 USD
Ohio107,000 USD
Oklahoma103,000 USD
Oregon99,600 USD
Pennsylvania106,000 USD
Rhode Island92,900 USD
South Carolina100,000 USD
South Dakota86,300 USD
Tennessee107,000 USD
Texas110,000 USD
Utah99,500 USD
Vermont89,000 USD
Virginia104,000 USD
Washington110,000 USD
West Virginia93,900 USD
Wisconsin99,000 USD
Wyoming89,300 USD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
92,400 USD
Public Sector+5%
97,100 USD
Percentage increase and decrease are relative to the previous value

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