The average petroleum engineer salary per month is $3,211 is the 75th percentile. *Salary estimates (ZipEstimate) are not verified by employers; actual compensation can vary considerably. Petroleum engineers have to work in conjunction with other earth science professionals, like geologists. sezer66 | Getty Images According to PayScale, workers with this degree earn around $94,000 at the beginning of their careers, … $6,041 is the 25th percentile. This website uses cookies to improve your experience. Wages above this are outliers. It is an incredible field of engineering, that deals with extraction of oil and natural gas from the deposits below the Earth’s surface. As per Payscale, the average starting salary is $88,641 per year, and is the highest petroleum chemical engineering salary. Salaries above this are outliers. These cookies do not store any personal information. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. This category only includes cookies that ensures basic functionalities and security features of the website. Salaries were $73,800 per year or less for 25 percent of graduates, and 25 percent received $109,700 or more. The average Petroleum Engineer salary is $84,935 as of October 28, 2020, but the salary range typically falls between $77,821 and $92,254. You also have the option to opt-out of these cookies. How much does a Petroleum Engineer make? In addition, the greater Dallas region had average annual wages of $176,850, the top pay among metropolitan areas. ADP is an exclusive provider of employee payroll data for ZipRecruiter. Other top-paying employers include basic chemical manufacturing, where salaries averaged $146,270 per year, and scientific research and development, where annual incomes averaged $145,780. After some years of work experience, many individuals prefer starting a private consultancy of their own. Due to the increasing demand for alternative energy sources, many petroleum engineers are using their talent for discovering harmless energy fuels. Once the fuel extraction process begins, he has to monitor the tools and the labors involved in extraction. The largest employer of petroleum engineers were oil and gas extraction firms, which had 19,880 engineers and paid an average of $161,050 annually. But opting out of some of these cookies may have an effect on your browsing experience. Our site includes quite a bit of content, so if you're having an issue finding what you're looking for, go on ahead and use that search feature there! Oil and gas extraction was the highest-paying industry for petroleum engineers overall in 2012, according to the BLS. To learn more about Compensation Estimates, please see our U.S. Bureau of Labor Statistics: Petroleum Engineers, U.S. Bureau of Labor Statistics Occupational Employment and Wages, May 2012: Petroleum Engineers, Society of Petroleum Engineers: 2012 SPE Memebership Salary Survey Highlight Report. Topping the list is San Mateo, CA, with Berkeley, CA and Daly City, CA close behind in the second and third positions. $13,916 is the 75th percentile. The BLS predicts a 17 percent increase in positions between 2010 and 2020, compared to 14 percent on average for all jobs. By clicking the button above, I agree to the ZipRecruiter Terms of Use and acknowledge I have read the Privacy Policy, and agree to receive email job alerts. For obtaining a job related to research or teaching, a student may be required to obtain a Master’s degree. Find your next high paying job as a The salaries are governed by various factors and hence, vary to great extent. This profession is a good choice for those who are interested in earth sciences, and may enjoy exploring various mountains, oceans, and deserts. Texas also reported 21,580 jobs for petroleum engineers, the most of any state. These cookies will be stored in your browser only with your consent. Those professionals who work at oil production sites have to work at irregular timings, since the fuel extraction goes on day and night. The average salary for a Petroleum Engineer in Australia is AU$121,343. $4,586 is the 90th percentile. A Petroleum Engineer in your area makes on average $60 per hour, or $1.40 (2%) more than the national average hourly salary of $59.06. Wages below this are outliers. As a technician/specialist, for example, women received total cash compensation of $165,294 annually, while men received $193,077. Based on recent job postings on ZipRecruiter, the Petroleum Engineer job market in both Chicago, IL and the surrounding area is very active. In second place, mining support paid 5,120 engineers an average annual salary of $113,740. Oklahoma City, where engineers averaged $176,460 per year, reported the second-highest pay among the cities. The average annual income of 36,410 petroleum engineers nationwide was $147,470 in 2012, according to the U.S. Bureau of Labor Statistics (BLS) salary survey. ADP and the ADP logo are registered trademarks of ADP, Inc. A Petroleum Engineer in your area makes on average $60 per hour, or $1.40 (2%) more than the national average hourly salary of $59.06. Growth will largely depend on price increases, which make more complex methods of extraction cost-effective. *All figures mentioned in the table above are as per Indeed. 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