Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here.

Who We Are

We are one of the world's largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.

We're grounded by our SPIRIT Values - safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business - but not at all costs. We believe it's not just what we do - it's how we do it - that sets us apart.

Fostering an Inclusive Work Environment

To deliver superior performance, we create an environment that respects the contributions and differences of every individual. Wherever possible, we use these differences to drive competitive business advantage, personal growth and, ultimately, create business success.

Job Summary

Description:
The Commercial Pricing Analyst plays a key role in supporting pricing, valuation, and market analysis activities within a global energy trading and origination organization. This position focuses on analyzing market data, building pricing models, and supporting the evaluation of commercial opportunities across a diverse energy portfolio. The role is well suited for candidates with strong quantitative skills who are interested in applying analytical techniques to real-world trading and commercial decisions in fast moving energy markets.

Position Overview

Your responsibilities may include:

Price Curve Construction & Maintenance

• Build, maintain, and continuously improve forward price curves across traded commodities, including crude oil, natural gas, LNG, NGLs, power, and associated basis markets.
• Integrate fundamental supply/demand data, market quotes, and proprietary models to generate robust and defensible price curves for use in daily mark-to-market and deal valuation.
• Calibrate curves to liquid market data and apply interpolation / extrapolation techniques for illiquid or long-dated tenors.
• Ensure curve governance, version control, and documented methodologies across all commodities.
• Apply established pricing methodologies and market conventions in line with internal risk guidelines and regulatory requirements.

Market & Price Analysis

• Monitor real-time market data, price signals, and volatility regimes across traded markets to inform curve adjustments and pricing assumptions.
• Analyze basis relationships, spread dynamics, and regional price differentials to support trading strategy and identify mispricings or arbitrage opportunities.
• Produce daily, weekly, and ad-hoc price commentary summarizing key market moves, curve changes, and their implications for the trading portfolio.
• Support pricing and valuation models, including forward curves, index‑linked structures, optionality, and deal‑level cash flow analysis.
• Document models, assumptions, and analytical outputs to ensure transparency and alignment with internal control and audit standards.

Risk & Portfolio Support

• Provide mark-to-market valuations and price-based risk metrics (e.g., delta, P&L sensitivities) to support middle office and risk management functions.
• Assist in stress-testing and scenario analysis, modeling the impact of price shocks, curve shifts, and volatility changes on trading positions.
• Collaborate with risk management to ensure pricing inputs are consistent with approved valuation methodologies and risk frameworks.

Commercial & Deal Support

• Provide analytical support to Trading and Origination teams in evaluating, pricing, and structuring commercial transactions.
• Support valuation of physical and financial deals, including structured and index‑based transactions.
• Assist with review of pricing inputs, assumptions, and settlement logic throughout the transaction lifecycle.

Technology & Tools

• Leverage advanced trading platforms, data analytics tools (e.g., Eikon, Bloomberg Terminal, MarketView), and pricing libraries to support analysis and model development.
• Build and enhance automated data pipelines to source, validate, and distribute pricing data to internal stakeholders.
• Develop visualization tools and dashboards that provide traders and commercial leadership with real-time price transparency.
• Stay current on emerging methodologies in energy pricing and quantitative finance to continuously improve model accuracy and efficiency.

Cross‑Functional Collaboration

• Collaborate with Trading, Risk, Operations, and Finance teams to ensure consistent application of pricing assumptions and methodologies.
• Contribute to continuous improvement of pricing tools, curves, and analytical processes through data‑driven insights.

Basic/Required Qualifications:

• Legally authorized to work in the United States.
• Bachelor's degree in Finance, Economics, Engineering, Mathematics, or a related quantitative discipline, or foreign equivalent.
• 3 or more years of experience in pricing, analytics, trading support, or a related quantitative role.
• Exposure to energy commodities such as electricity, natural gas, crude, NGLs, or LNG.

Preferred Qualifications:

• Experience supporting commercial, trading, or origination teams within the energy Experience using analytical tools and/or programming languages such as Excel, SQL, Python, or similar.
• Strong analytical, quantitative, and problem‑solving skills.
• Effective written and verbal communication skills.

• Ability to manage multiple tasks and work independently in a dynamic environmental sector.
• Familiarity with ETRM/CTRM systems (e.g., RightAngle, TriplePoint) and market data or curve management platforms (e.g., Zema MarketPlace, Zema Enterprise).
• Understanding of global energy markets and common pricing conventions.
• Awareness of regulatory and compliance considerations relevant to energy trading (e.g., FERC, CFTC, ISO/RTO frameworks).

Apply By:

Apr 21, 2026

Sponsorship:

ConocoPhillips' sponsorship for employment authorization in the U.S. is NOT available for this position.

Benefits Overview

ConocoPhillips offers a competitive and comprehensive benefits package designed to support your well-being and career growth:

• Taking Care of Your Health & Wellness: Medical, dental, vision, mental health support, and wellness programs.
• Supporting and Building Financial Security: Competitive base pay, annual performance bonuses, and retirement savings plans.
• Promoting Work-Life Balance: Paid time off, paid parental leave, and family support resources.
• Offering Career Development: Access to training, mentoring, and internal career mobility tools.
• Guiding Recognition & Inclusion: Peer-nominated awards, inclusive culture, and employee resource groups.

Why ConocoPhillips

At ConocoPhillips, we believe our people power the future of energy. We're committed to creating a workplace where employees feel valued, supported, and inspired to grow-professionally and personally.

We don't just offer jobs-we offer meaningful careers in a company that values how we work as much as what we achieve.

EEO:

In the US, ConocoPhillips is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, gender identity or expression, genetic information, or any other legally protected status.