Petroleum Engineering Degree
Students study the exploration, extraction, and production of oil and natural gas, including reservoir engineering, drilling technology, and production optimization. Graduates typically pursue careers at oil and gas companies like ExxonMobil, Chevron, and Schlumberger, as well as in renewable energy transition roles. Petroleum engineering consistently ranks as one of the highest-paying bachelor's degrees, though the field is cyclical with energy prices.
What Petroleum Engineering Graduates Do
Your career will likely begin focused on the technical details of energy extraction. As a petroleum engineer, you’ll spend your days analyzing geological data, building computer models of underground reservoirs, and designing drilling and recovery plans. Success in this role often leads to a position as an engineering manager, where your focus shifts from hands-on execution to strategic leadership. You’ll direct large-scale projects, manage multi-million dollar budgets, and coordinate teams of engineers and scientists to meet production goals.
While the core petroleum engineer role is seeing slow growth, an alternative path in academia as a postsecondary teacher is expanding more rapidly. This track involves teaching the next generation, conducting research, and publishing findings. Across all these careers, AI is changing the work. Expect it to automate significant chunks of routine data analysis and modeling. This doesn't eliminate your job, but it does change it; your value will increasingly lie in your ability to validate AI outputs, manage complex physical systems, and make the final, high-stakes judgment calls.
Common Career Paths
Where Petroleum Engineering graduates typically work, ranked by salary. Salary ranges show 25th–75th percentile spread. This field has roughly 19,800 combined openings per year.
| Career Path | Salary Range | Openings/yr | Growth | AI Risk |
|---|---|---|---|---|
| Architectural and engineering managers | 14,500 | +3.8% | 41% | |
| Petroleum engineers | 1,200 | +1.3% | 53% | |
| Engineering teachers, postsecondary | 4,100 | +8.1% | 50% |
Source: BLS Occupational Employment & Wage Statistics, May 2024. Salary range shows 25th–median–75th percentile (national).
Best Schools for Petroleum Engineering
18 schools ranked by DegreeOutlook Score. Click any row for full AI scenario analysis and earnings projections.
| # | School | DW Score | Earnings | ROI |
|---|---|---|---|---|
| 1 | The University of Texas at Austin Austin, TX |
74 71–76 |
$86,761/yr | 25.1x |
| 2 | Texas Tech University Lubbock, TX |
73 71–75 |
$80,460/yr | 23.5x |
| 3 | Montana Technological University Butte, MT |
72 70–73 |
$69,212/yr | 35.1x |
| 4 | University of North Dakota Grand Forks, ND |
71 69–72 |
$73,821/yr | 20.9x |
| 5 | Texas A & M University-College Station College Station, TX |
71 69–72 |
$69,603/yr | 22.9x |
| 6 | University of Wyoming Laramie, WY |
71 70–73 |
$66,221/yr | 38.2x |
| 7 | West Virginia University Morgantown, WV |
70 68–71 |
$68,913/yr | 23.1x |
| 8 | University of Oklahoma-Norman Campus Norman, OK |
70 68–71 |
$61,223/yr | 25.3x |
| 9 | The University of Texas Permian Basin Odessa, TX |
69 67–70 |
$61,299/yr | 21.8x |
| 10 | Colorado School of Mines Golden, CO |
67 64–68 |
$77,400/yr | 11.5x |
| 11 | Missouri University of Science and Technology Rolla, MO |
67 65–68 |
$69,670/yr | 15.1x |
| 12 | Louisiana State University and Agricultural & Mechanical College Baton Rouge, LA |
67 65–68 |
$56,605/yr | 18.6x |
| 13 | University of Louisiana at Lafayette Lafayette, LA |
67 65–68 |
$49,781/yr | 25.5x |
| 14 | University of Houston Houston, TX |
66 64–67 |
$52,295/yr | 21.8x |
| 15 | Marietta College Marietta, OH |
60 58–62 |
$82,205/yr | 5.0x |
| 16 | University of Kansas Lawrence, KS |
59 61–60 |
$42,865/yr | 19.1x |
| 17 | Texas A & M University-Kingsville Kingsville, TX |
43 44–44 |
$43,257/yr | 9.9x |
| 18 | New Mexico Institute of Mining and Technology Socorro, NM |
42 44–43 |
$42,325/yr | 10.7x |
Highest Earning Petroleum Engineering Programs
Schools where Petroleum Engineering graduates earn the most in their first year after graduation.
| School | 1-Year Earnings | DW Score |
|---|---|---|
| The University of Texas at Austin | $86,761/yr | 74 |
| Marietta College | $82,205/yr | 60 |
| Texas Tech University | $80,460/yr | 73 |
| Colorado School of Mines | $77,400/yr | 67 |
| University of North Dakota | $73,821/yr | 71 |
| Missouri University of Science and Technology | $69,670/yr | 67 |
| Texas A & M University-College Station | $69,603/yr | 71 |
| Montana Technological University | $69,212/yr | 72 |
| West Virginia University | $68,913/yr | 70 |
| University of Wyoming | $66,221/yr | 71 |
Best ROI for Petroleum Engineering
Schools with the highest earnings-to-tuition ratio for Petroleum Engineering.
| School | ROI Multiple | Earnings | DW Score |
|---|---|---|---|
| University of Wyoming | 38.2x | $66,221/yr | 71 |
| Montana Technological University | 35.1x | $69,212/yr | 72 |
| University of Louisiana at Lafayette | 25.5x | $49,781/yr | 67 |
| University of Oklahoma-Norman Campus | 25.3x | $61,223/yr | 70 |
| The University of Texas at Austin | 25.1x | $86,761/yr | 74 |
| Texas Tech University | 23.5x | $80,460/yr | 73 |
| West Virginia University | 23.1x | $68,913/yr | 70 |
| Texas A & M University-College Station | 22.9x | $69,603/yr | 71 |
| University of Houston | 21.8x | $52,295/yr | 66 |
| The University of Texas Permian Basin | 21.8x | $61,299/yr | 69 |
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