Do you know what people like you are earning? Download the 2019 Salary Survey Highlights Report. The best-paying region was the Billings, Montana area. Which alumni earn the most after graduation? Improve your chances of receiving a raise when you ask. Typically a welder position pays $18-$28/hour or as high as $14,000/month during boom season. Refinery operator trainee salary falls on the low end of the pay scale. November 2019 issue of the Journal of Petroleum Technology, Read a summary analysis of on the 2019 results in the, The full 2019 Salary Survey Report and data file are available for purchase in the. Search thousands of Oil and Gas jobs. While average salaries can fluctuate from year to year, and during boom seasons, the oil industry is certainly doing its part to boost United States economy. How Much Money Do Pipeliners Make a Year? The decline began in earnest after 2014, when the price of oil went into freefall and the petroleum industry hemorrhaged jobs. Their salary depends in part on the industry in which they work, among other factors. Learn how much employees earn based on their industry. Their employers are headquartered in 76 countries. The mean base pay reported in 2019 is USD 147,027, a slight decrease from last year’s base pay of USD 151,003. Nearly two thirds of respondents (64.4%) reported an increase in base pay. Consumer preference for green technology over fossil fuels could further limit job oil refinery jobs over the next decade. Accurate, reliable salary and compensation comparisons for United States What your skills are worth in the job market is constantly changing.
SPE has been surveying its professional members since 1967 to benchmark global compensation trends in the oil and gas industry.
In fact, not only are the average salaries amongst the most lucrative in any industry, but many roles also include a number of bonuses and overtime payments which put the pay packets up even further. Search 1,548 Oil Industry jobs now available on Indeed.com, the world's largest job site. The Hourly Salary of a Light Truck Driver, The Average Hourly Wages in the Natural Gas Field, Bureau of Labor Statistics: Petroleum Pump System Operators, Refinery Operators, and Gaugers, JPT: Carnage Continues to Curtail Oilfield Services Sector. The average salary varies depending on demand and level of experience. Oil & Gas - Salary - Get a free salary comparison based on job title, skills, experience and education. Develop new techniques for oil refining & processing; investigate oil spills; create polymer products: Job Growth (2018-2028) 4% (all chemists)* Mean Salary (2018) Oil/gas extraction chemist: $116,550 Petroleum and coal products manufacturing chemist: $87,750* Female Technician/Specialist/Support Staff, however, earn considerably higher base pay than males. © Copyright 2003-2020, Society of Petroleum Engineers. This is similar to last year’s percentage (64.0% in 2018) which comes on the end of a steep upward trend from the prior two years (49.7% in 2017 and 35.9% in 2016). For example, the Journal of Petroleum Technolgy reported that thousands of jobs were lost in 2020 due to global trade wars, rock bottom oil prices, scaled back production and oil company bankruptcies. These workers earned an average of $77,520 a year, according to the statistics bureau. It’s no secret that jobs in the oil and gas industry can be incredibly lucrative. The best-paying state, meanwhile, was Montana – another state well-known for oil fields – with its 480 workers averaging $88,630 in pay. Follow wage changes of U.S. workers over time. The SPE Membership Salary Survey is a sample of self-reported information from petroleum industry professionals worldwide. The 4,640 who operate refinery equipment in the service of crude-oil extraction averaged $72,680, while the 2,470 working on oil pipelines averaged $71,690.
The San Francisco Bay Area of California was second, with 2,250 workers and an average wage of $90,580. Nearly half of these workers – 20,910 – were employed in petroleum-product manufacturing, the truest form of oil refineries. Upstream oil and gas industry pay (including salary and bonus) reported by SPE professional members for 2019 averages at USD 197,027, up from USD 194,874 in 2018.
Fresh market data paired with robust analytics. The top 25 percent of earners make $90,060 or more, with the top 10 percent of experienced workers making $100,070 or more. Stay up to date on the latest compensation trends. Full survey results for petroleum engineer salaries and related upstream oil and gas positions are included by region, years of experience, job category, and more.
This year's participants are based in 80 countries and 37 US states.