Petroleum engineers are among the highest-paid professionals in the engineering field. They specialize in extracting oil and gas resources, and their expertise is highly valued. According to the U.S. Bureau of Labor Statistics, the median annual salary for petroleum engineers is $132,280. citeturn0search0 In certain industries, such as management of companies, their median wages can reach up to $167,950. citeturn0search0 However, salaries can vary based on factors like experience, location, and specific industry sectors.