Petroleum Engineers Salary Trend (2011–2024)
Historical salary and employment data from the U.S. Bureau of Labor Statistics.
Median Salary in 2024
$141,280
↑ 15.5% since 2011
Median Salary Over Time
Petroleum Engineers — Median Annual Salary
Employment Over Time
Petroleum Engineers — Total Employment
Key Insights
📈Salaries grew 15.5% since 2011 ($122,280 → $141,280)
🏆Peak year: 2024 at $141,280
🦠COVID impact: Salary remained relatively stable (-0.3%) through the 2020 pandemic year.
💰After inflation (~3%/yr), real growth is approximately -21%
Year-by-Year Salary Data
| Year | Median Salary | YoY Change |
|---|---|---|
| 2024 | $141,280 | +4.1% |
| 2023 | $135,690 | +3.0% |
| 2022 | $131,800 | +0.7% |
| 2021 | $130,850 | -4.7% |
| 2020 | $137,330 | -0.3% |
| 2019 | $137,720 | +0.4% |
| 2018 | $137,170 | +3.7% |
| 2017 | $132,280 | +3.2% |
| 2016 | $128,230 | -1.4% |
| 2015 | $129,990 | -0.0% |
| 2014 | $130,050 | -1.7% |
| 2013 | $132,320 | +1.6% |
| 2012 | $130,280 | +6.5% |
| 2011 | $122,280 | — |
Data Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), 2011–2024. All figures are annual median wages in nominal dollars.