Average Petroleum Engineers Salary in the United States
The national median salary for Petroleum Engineers is $141,280 per year. The middle 50% earn between $107,330 and $191,100, with 18,970 workers employed nationally.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics survey, May 2024 estimates . Data covers 24 states and 43 metro areas.
Wage range
Pay distribution
Here is how Petroleum Engineers pay is distributed across workers nationally. The 10th percentile typically reflects entry-level or early-career pay, the median is the midpoint, and the 90th percentile represents the top earners in the field.
- 10th
- $78,840
- 25th
- $107,330
- Median
- $141,280
- 75th
- $191,100
- 90th
- $228,790
All values are percentiles of annual wages.
Petroleum Engineers are among the highest-paid occupations tracked by BLS, well into the top decile of US wages.
Pay varies significantly across workers. Seniority, employer size, and specialization all move the needle, so it is normal for two petroleum engineers at different points in their careers to earn very different salaries.
BLS projections
Job outlook
BLS projects employment for petroleum engineers from 2024 to 2034. Growth is below the US average of roughly 4% across all occupations. The field is relatively stable but not expanding quickly.
- Projected growth
- +1.3%
- 200 net jobs over the projection period.
- Annual openings
- 1,200
- Includes growth plus replacements for workers who leave.
- Typical entry education
- Bachelor's degree
A bachelor's degree is the typical entry requirement for petroleum engineers.
Where Petroleum Engineers earn the most
Location matters a lot. The gap between top-paying and bottom-paying states is large, so where petroleum engineers work can reshape their total compensation. Right now, the top-paying state is Alaska at $200,750, about 42.1% above the national median. At the metro level, Anchorage, AK leads with a median of $205,380.
By state
Top-paying states
By metro
Top-paying metros
| Metro area | Median salary | Employment |
|---|---|---|
| Anchorage, AK | $205,380 | 220 |
| Amarillo, TX | $199,990 | 50 |
| Austin-Round Rock-San Marcos, TX | $184,250 | 260 |
| Salt Lake City-Murray, UT | $174,410 | 150 |
| Oklahoma City, OK | $173,400 | 680 |
| Denver-Aurora-Centennial, CO | $168,740 | 790 |
| Beaumont-Port Arthur, TX | $167,090 | 160 |
| Midland, TX | $165,880 | 1,180 |
Compare two locations side by side
Pick two states or metros to see petroleum engineers pay in each, along with a cost-of-living adjusted view.
Salary trend and related occupations
Between 2019 and 2024, the national median salary for Petroleum Engineers rose from $137,720 to $141,280, a gain of +2.6% in nominal dollars.
Over the same period, US consumer prices rose by +22.7%. Just to keep pace with inflation, the 2019 median of $137,720 would need to be worth $168,981 in 2024 dollars.
The actual 2024 median of $141,280 is −$27,701 below that inflation-adjusted benchmark, a real change of -16.4% in purchasing power.
Adjusted for inflation, pay has lost ground. Nominal growth of 2.6% has not kept up with rising prices.
- Nominal change
- +2.6%
- 2019–2024
- Cumulative inflation
- +22.7%
- US CPI, 2019–2024
- Real change
- -16.4%
- After adjusting for inflation
Annual history
Median salary over time
Petroleum Engineers median pay by year, going back through the available BLS releases.
- 2019
- $137,720
- 2020
- $137,330
- 2021
- $130,850
- 2022
- $131,800
- 2023
- $135,690
- 2024
- $141,280
Similar jobs
Related occupations
Other occupations in the same field, with median pay for comparison.
- Nuclear Engineers
- $127,520
- Engineers, All Other
- $117,750
- Materials Engineers
- $108,310
- Mechanical Engineers
- $102,320
- Industrial Engineers
- $101,140
Common salary questions for Petroleum Engineers
What does the median salary mean? +
The median is the midpoint of all wages. Half of Petroleum Engineers workers earn more and half earn less. It is a better measure of typical pay than the average, which can be skewed by very high or very low earners.
Why does pay vary so much by location? +
Local labor markets, cost of living, industry concentration, and employer competition all affect wages. High-cost metros like San Francisco and New York often pay more in nominal terms, though some of that premium is offset by higher living costs.
How current is this salary data? +
This page uses the May 2024 BLS Occupational Employment and Wage Statistics release. BLS publishes OEWS data once per year, typically in the spring for the previous May reference period.
What do the percentile ranges tell me? +
The 10th and 90th percentiles show the full pay band. The 25th to 75th percentile range, the middle 50%, is where most workers fall. A wide spread usually means experience, specialization, or location matter a lot for this occupation.