What is the average hourly wage for Petroleum Engineers?

The median hourly wage for Petroleum Engineers is $63.37 per hour. This translates to approximately $131,800 per year working full-time.

What states pay Petroleum Engineers the most?

Salaries for Petroleum Engineers vary significantly by location. Use the state-by-state table above to see which states offer the highest median wages for this occupation.

What education is needed to become a petroleum engineer?

Typical education required: Bachelor's degree.

Petroleum Engineers Salary

Name: Petroleum Engineers Salary Data
Creator: U.S. Bureau of Labor Statistics
License: https://www.bls.gov/bls/linksite.htm

Official U.S. Bureau of Labor Statistics Data - May 2024

Median Annual Salary

$131,800

$63.37 / hour

▲ 4% (Average)

Salary Range

$69,854 - $226,696

10th to 90th percentile

Total Employed

32,670

workers nationally

🏛️ Data Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | Updated: Annual | Methodology

Petroleum Engineers Salary by Percentile

$69,854 $226,696

10th pct Median: $131,800 90th pct

Percentile	Annual Salary	Hourly Rate
10th (Entry Level)	$69,854	$33.58
25th Percentile	$94,896	$45.62
50th (Median)	$131,800	$63.37
75th Percentile	$181,884	$87.44
90th (Top Earners)	$226,696	$108.99
Source: U.S. Bureau of Labor Statistics OEWS, May 2024

Top Paying States for Petroleum Engineers

#	State	Median Annual	Median Hourly
1	District of Columbia (DC)	$173,976	$83.64
2	California (CA)	$164,750	$79.21
3	Massachusetts (MA)	$160,796	$77.31
4	New York (NY)	$160,796	$77.31
5	New Jersey (NJ)	$158,160	$76.04
6	Connecticut (CT)	$155,524	$74.77
7	Maryland (MD)	$155,524	$74.77
8	Hawaii (HI)	$151,570	$72.87
9	Alaska (AK)	$147,616	$70.97
10	Washington (WA)	$147,616	$70.97
Source: BLS OEWS May 2024

About Petroleum Engineers

Petroleum Engineers work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the technology sector of the U.S. economy.

Education Requirements

Typical Entry-Level Education: Bachelor's degree

Job Outlook for Petroleum Engineers

Projected Growth

+4%

2022-2032

▲ 4% (Average)

Annual Job Openings

196,600

projected annually

Outlook data based on BLS Employment Projections program. Growth rate is projected change in employment 2022-2032.

Frequently Asked Questions

How much do Petroleum Engineers make?

The median annual salary for Petroleum Engineers is $131,800 (BLS OEWS May 2024). Entry-level workers earn around $69,854, while the top 10% earn $226,696 or more.

What is the hourly wage for Petroleum Engineers?

Petroleum Engineers earn a median hourly wage of $63.37 per hour. Working full-time (40 hrs/week, 52 weeks), this equals approximately $131,800 annually.

Is Petroleum Engineers a good-paying career?

With a median salary of $131,800, Petroleum Engineers earns above the U.S. median household income. Job outlook: Average (4% growth, 2022-2032).

What education do Petroleum Engineers need?

Typical entry-level education: Bachelor's degree. Requirements vary by employer and specialization - check with specific employers and BLS OOH for detailed requirements.