Planning & Optimization Engineer at Marathon Petroleum

Catlettsburg, Kentucky, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Oil & Gas, RefiningIndustries

Requirements

Bachelor’s degree in engineering required (Chemical Engineering preferred; must be obtained/completed prior to start date)
Two (2) years relevant refining, chemical or petrochemical industry experience required (Technical Services or Economics & Planning experience preferred)

Responsibilities

Issue two-month forecast on a weekly basis, reviewing unit and tank farm constraints, market prices, product demands, and feedstock availability
Work with Tech Service and Operations to identify and optimize around unit constraints
Issue the daily unit target sheet
Explain forecast variances, evaluate feedstock and product opportunities, and run sensitivities as needed
Provide incremental economics on a weekly basis to support optimization efforts within the refinery
Perform ad hoc analysis to guide business decisions around outages and slowdowns
Analyze capital project value and provide transparent economics
Serve on the refinery quality team
Post audit LP results vs. actual results to ensure model accuracy
Provide backup coverage for the Light oil, Gasoline, Crude oil and Black oil coordinators as necessary after training
Support daily refinery material balances
Train to use the refinery linear program (PIMS), master it, serve as short-term forecaster, and learn APS
Actively engage in ensuring all products meet specifications
Interact with Operations, Technical Services, and commercial organizations to understand constraints, communicate economic drivers, and evaluate opportunities on feedstocks, products, and inter-refinery transfers

Skills

PIMS

APS

Linear Programming

Production Forecasting

Feedstock Scheduling

Product Scheduling

Inventory Management

Economic Analysis

Unit Optimization

Market Analysis

Marathon Petroleum

Refines and markets petroleum products

About Marathon Petroleum

Marathon Petroleum Corporation operates in the energy sector, focusing on refining and marketing petroleum products. They process crude oil into usable products like gasoline, diesel, and jet fuel at the largest refining system in the United States, located in Findlay, Ohio. Their extensive network includes branded retail locations across the country, primarily under the Marathon brand, serving individual consumers and businesses that need bulk fuel supplies. Additionally, they have a midstream subsidiary, MPLX LP, which gathers, processes, and transports crude oil and natural gas, facilitating the supply chain from raw materials to refineries. Marathon Petroleum's integrated business model allows them to control multiple stages of the supply chain, optimizing operations and reducing costs, which enhances profitability. The company's goal is to maintain strategic growth and operational excellence while serving a diverse range of clients efficiently.

Findlay, OhioHeadquarters

1887Year Founded

IPOCompany Stage

EnergyIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

401(k) Company Match

Parental Leave

Professional Development Budget

Performance Bonus

Risks

Volatility in crude oil prices can impact MPC's profitability.

Stricter environmental regulations may increase operational costs for MPC.

The rise of electric vehicles could reduce demand for MPC's gasoline products.

Differentiation

MPC operates the largest refining system in the United States.

The company has a strong integrated business model from refining to retail.

MPC's midstream operations through MPLX LP enhance its supply chain control.

Upsides

MPC's focus on operational excellence ensures competitive advantage and profitability.

Recognition for energy efficiency by the EPA highlights MPC's commitment to sustainability.

MPC's extensive retail network strengthens its market presence and customer reach.

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