As of August 01, 2026, the average salary for a Petroleum Engineering in the United States is $112,409 per year, which breaks down to an hourly rate of $54.
However, a Petroleum Engineering's salary can vary significantly. Here’s a look at the typical salary range:
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A Petroleum Engineering's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Petroleum Engineering's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Petroleum... Level Petroleum Engineering | $115,129 |
| Drilling ... Level Petroleum Engineering | $135,470 |
| Drilling ... Level Petroleum Engineering | $167,876 |
| Drilling ... Level Petroleum Engineering | $186,871 |
| Drilling ... Level Petroleum Engineering | $223,173 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Petroleum Engineerings. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 8.7% |
| FOCUS | 2.61% |
| Safety Management | 2.61% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Process Improvement
|
$147,256 |
31%
|
|
Customer Satisfaction
|
$136,015 |
21%
|
|
Continuous Learning
|
$132,643 |
18%
|
|
Written Communication
|
$130,394 |
16%
|
|
Negotiating
|
$125,898 |
12%
|
|
Continuous Improvement
|
$124,774 |
11%
|
For Petroleum Engineering roles, the industry you choose can affect earning potential by as much as 52% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Finance & Insurance sectors offer the strongest compensation, at 30% above the average. In contrast, Petroleum Engineering positions in Hospitality & Leisure or Retail & Wholesale typically offer lower base pay, as these industries often view Petroleum Engineering as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $146,132 | $70.0 | 30% |
| Finance & Insurance | $140,511 | $68.0 | 25% |
| Information Technology | $134,891 | $65.0 | 20% |
| Mining | $129,270 | $62.0 | 15% |
| Professional Services | $118,029 | $57.0 | 5% |
Your level of education can impact your salary potential. While many Petroleum Engineerings enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Petroleum Engineering with a Bachelor's Degree is between $104,752 and $109,625).
Petroleum Engineering Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 3.9% |
| High School | 3.9% |
| Associates | 35.3% |
| Bachelors | 60.8% |
| Masters | 35.3% |
| Doctorate | 0.0% |
Understanding how a Petroleum Engineering's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Salaries for a Petroleum Engineering can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $92,743 in 2023 to around $86,857 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Petroleum Engineering salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $92,743 |
| 2024 | $89,487 |
| 2025 | $86,857 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Energy & Utilities industry offers the highest average compensation for Petroleum Engineering roles, with salaries approximately 30% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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