Pay scale of a Petroleum Engineer
Petroleum Engineering has been one of the fastest growing engineering disciplines due to its high revenue earning potentials. This article will give you an idea of how petroleum engineers are remunerated and the various additional benefits they get apart from their salaries. Read and leave your valuable suggestions.
| Salary | $61,252 – $165,053 |
| Bonus | $3,082 – $40,605 |
| Profit Sharing | $2,901 – $50,212 |
| Commission | $45.92 – $496,616 |
| Total Pay | $62,697 – $202,293 |
Petroleum Engineer’s average annual and hourly remuneration by experience:
| Experience | Annual Salary | Hourly Salary |
| Less than 1 year | $55,826 – $98,152 | - |
| 1-4 years | $57,915 – $107,948 | $11.52 – $153.98 |
| 5-9 years | $64,326 – $133,087 | $23.36 – $64.32 |
| 10-19 years | $82,292 – $169,144 | - |
| 20 years or more | $98,319 – $237,659 | - |
Petroleum Engineer’s average annual remuneration and bonus by Employer Name:
| Employer Name | Annual Salary | Average Bonus |
| Chevron Corporation | $85,769 – $198,696 | $19,351 |
| British Petroleum | $67,058 – $243,025 | $9,631 |
| Shell Oil Company | $81,052 – $176,182 | $14,080 |
| ConocoPhillips Company | $79,069 – $197,863 | $15,429 |
| Halliburton Energy Services | $50,141- $105,274 | $10,265 |
| ExxonMobil Corporation | $36,259 – $200,345 | - |
| Schlumberger | $72,798 – $129,765 | $19,029 |
| Devon Energy Corporation | $73,616 – $127,191 | - |
Petroleum Engineer’s average annual remuneration and bonus by City:
| City | Annual Salary | Average Bonus |
| Houston, Texas | $67,752 – $169,196 | $14,650 |
| Dallas, Texas | $69,668 – $179,052 | $20,485 |
| Denver, Colorado | $69,598 – $146,620 | $22,005 |
| Midland, Texas | $72,098 – $168,693 | $11,680 |
| Oklahoma City, Oklahoma | $74,463 – $173,178 | $14,060 |
| Tulsa, Oklahoma | $59,850 – $135,726 | $20,823 |
| Bakersfield, California | $73,320 – $194,025 | $17,505 |
Petroleum Engineer’s average annual remuneration and bonus by State:
| State | Annual Salary | Average Bonus |
| Texas | $67,625 – $167,868 | $14,629 |
| Oklahoma | $62,365 – $167,128 | $14,911 |
| California | $68,740 – $184,216 | $14,004 |
| Colorado | $64,112 – $144,451 | $19,063 |
| Pennsylvania | $70,463 – $167,505 | $10,178 |
| Louisiana | $36,929 – $133,160 | $9,918 |
| Alaska | $60,146 – $176,179 | $9,949 |
Petroleum Engineer’s average annual remuneration and bonus by Certification:
| Certification | Annual Salary | Average Bonus |
| Certified Professional Engineer (PE) | $80,879 – $204,390 | $15,088 |
| Professional Engineer License (P.Eng.) | $89,399 – $291,950 | $22,805 |
| Engineer in Training (EIT) | $55,330 – $118,369 | $15,039 |
| Project Management Professional (PMP) | $56,515 – $105,023 | $9,055 |
Petroleum Engineer’s average annual remuneration and bonus by Industry:
| Industry | Annual Salary | Average Bonus |
| Oil & Gas | $68,919 – $172,631 | $12,730 |
| Oil & Gas Exploration | $76,614 – $169,470 | $15,188 |
| Petroleum Production | $59,686 – $170,185 | $9,787 |
| Oilfield services | $62,496 – $164,425 | $19,000 |
| Oil & Gas Extraction | $50,932 – $188,128 | $20,000 |
| Natural Gas | $55,006 – $166,198 | $19,060 |
Petroleum Engineer’s average annual remuneration and bonus by Employer Type:
| Employer Type | Annual Salary | Average Bonus |
| Company | $63,159 – $166,826 | $12,898 |
| Private Practice/Firm | $75,225 – $157,936 | $19,779 |
| Government – State & Local | $50,983 – $86,898 | $5,082 |
| College / University | $11,739 – $90,055 | $1,559 |
| Self-Employed | $36,963 – $87,560 | $42,569 |
Petroleum Engineer’s average annual remuneration and bonus by Benefit or Perk:
| Benefit or Perk | Annual Salary | Average Bonus |
| 401(k) | $72,256 – $171,049 | $14,810 |
| Paid Holidays / Vacation | $70,769 – $172,477 | $14,955 |
| Life Insurance/Disability | $70,629 – $171,298 | $14,876 |
| Paid Sick Leave | $72,688 – $180,206 | $15,100 |
| Cell Phone | $72,979 – $173,915 | $15,436 |
| Relocation Expenses | $74,535 – $170,878 | $14,763 |
