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Oil and gas extraction ranks high in US industry pay

Last updated: July 6, 2026 | Reading Time: 2 minutes
Oil and gas extraction employed nearly 114,000 in May 2025 and ranked among the highest-paying U.S. industries.

The U.S. Bureau of Labor Statistics reported that the oil and natural gas extraction industry employed nearly 114,000 workers in May 2025 and had an annual mean wage of $122,890. That placed the industry among the highest-paying sectors in the United States. The category includes activities such as crude petroleum production, oil shale and oil sands extraction, and natural gas production.

The largest occupations in the sector were wellhead pumpers, with 12,190 jobs, and oil and gas service unit operators, with 10,010 jobs. Together, those two roles represented 19.5% of industry employment. Other major job categories included general and operations managers, petroleum engineers, accountants and auditors, industrial machinery mechanics, roustabouts, supervisors, geoscientists, and financial managers.

Most of the largest oil and gas extraction occupations had annual mean wages above the U.S. average of $69,770 across all jobs and industries. General and operations managers earned an average of $227,290, while financial managers averaged $226,430 and geoscientists averaged $198,230. For readers tracking oil and gas royalties and energy markets, the data highlights the scale and compensation levels tied to domestic production activity.

Source: U.S. Bureau of Labor Statistics

Read the full original article here

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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
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