About the Salary of Petroleum Engineering

There are multiple factors which influence the salary of petroleum engineers, including, the degrees they hold, the amount of experience they have, the sector within the petroleum industry in which they work, the size of the comapny they work for and the location of their job. The total pay package will range from $84,000 up to $144,000. Those at the higher salary ranges will typically have bachelor's and often master's degrees in petroleum engineering. Petroleum engineers with more genertal engineering degrees tend to earn less. Large integrated oil companies such as ExxonMobil or Royal Dutch Shell pay higher salaries than smaller companies. Finally, those petroleum engineers working in exploration and production (E&P) will earn more than those working oil field services or more general engineering services related to oil and gas.