Sr. Crude Trader at Marathon Petroleum

Houston, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Oil & Gas, Energy, Trading, RefiningIndustries

Requirements

Bachelor’s degree in business, finance, marketing, economics, accounting, or related field of study
5 or more years of experience in a commercial role, trading or marketing including profit/loss responsibility for crude trading, contract negotiation, and scheduling (rail, truck, and pipe)

Responsibilities

Develops and implements negotiating tactics and arranging the purchase and sale of crude oil as dictated by refinery economics, market conditions and logistical requirements
Interacts with Traders, Schedulers, Refinery Feedstock Coordinators, Accountants, Engineers, Analysts, Legal and other personnel across various departments to stay abreast of trading, logistical and financial activity, prepare contracts, address queries, and develop/implement acquisition or sales strategies
Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals)
Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with Refining, Scheduling, and Finance groups
Represents the Company at industry functions, keeps abreast of evolving industry conditions through training, reading, and maintaining internal/external contacts related to crude oil trading
Continuously reviews market conditions and short- and medium-term supply and sales plans; recommends and implements changes to optimize overall value to MPC (product yield shifts, sales channel shifts, import/export changes, etc.)
Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders with a focus on short and medium term

Skills

Key technologies and capabilities for this role

Crude Oil TradingNegotiatingPricingContractsRefinery EconomicsMarket AnalysisLogisticsSupply ChainCommercial StrategyRisk Management

Questions & Answers

Common questions about this position

What is the employment type for the Sr. Crude Trader position?

The position is full-time employment.

Is this a remote position, or where is it located?

This information is not specified in the job description.

What key skills are needed for the Sr. Crude Trader role?

The role requires strong aptitude for negotiating pricing and terms, implementing trading strategies based on refinery economics, market conditions, and logistics, as well as evaluating discretionary trade opportunities and managing commodity exposure.

What is the company culture like at MPC for this role?

MPC fosters a collaborative team environment that welcomes new ideas, encourages diverse perspectives, and develops its people.

What makes a strong candidate for the Sr. Crude Trader position?

A highly motivated individual with a strong aptitude and keen interest in a commercial career, particularly in crude oil trading, will stand out.

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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