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Oil and Gas Salaries Continue To Head Upward

Petroleum industry professionals reported average compensation of $196,198 in 2018, an increase from this past year but still lower than salaries before the oil price downturn that began in 2014.  

This year’s average salary included $149,901 in base pay and $46,297 in other compensation, according to the latest SPE Membership Salary Survey Report. Average compensation in 2017 was $194,649, compared with $185,001 in 2016, $206,020 in 2015, and $214,328 in 2014. The highest salaries this year were found in the US, followed by the South American, Caribbean, and Mexico region (Fig. 1). The lowest compensation was in Northern and Central Asia. Survey responses covered the period of 30 June 2017 to 30 June 2018.

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Oil and Gas Salaries Continue To Head Upward

01 November 2018

Volume: 70 | Issue: 11

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