Average Base Pay
52.99% above national average
Additional Cash Compensation
A person in an entry-level Petroleum Engineers role with under one year of job experience can expect to make an average annual salary of $38,960. A Petroleum Engineers candidate with 1-4 years of experience makes an average total salary of $84,660. A person in a mid-career Petroleum Engineers role with 5-9 years of experience makes an average salary of $110,220 a year. Petroleum Engineers with 10 or more years of experience make an average of $160,530. In their late career (over 20 years of experience), a person in a Petroleum Engineers role’s annual salary averages per year.
|Average base salary (percentile)|
While certifications are not required for every Petroleum Engineers position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.
The current Bureau of Labor Statistics states the salary is $110,220 higher than the national average for Petroleum Engineers positions.
Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Petroleum Engineers roles that can advance both internally and with another company.