 In 2017, the United States Department of Labor's Bureau of Labor Statistics reported the median pay for petroleum engineers was USD $132,280, or roughly $63.60 per hour.The same summary projects that there will be 15% job growth in this field from 2016 to 2026.Also in 2016, "U.S. News & World Report" named petroleum engineering the top college major in terms of highest median annual wages of college-educated workers (age 25-59).