Crude Oil Trading

Position Summary

Crude Oil Trading is part of Supply Trading & Origination organization, a cross-functional organization that purchases/sells, plans, transports, and accounts for crude oil and other refinery feedstocks. Crude Oil Trading has personnel located in the United States, Canada, Singapore, and the UK. Crude Oil Traders interface externally to negotiate pricing and terms for the purchase and sale of Crude Oil as dictated by refinery economics, market conditions, and logistics to maximize economic margin consistent with safe refinery supply chain operations and other MPC core values. This trading position is for a highly motivated individual that has a strong aptitude and a keen interest for a commercial career. This role will provide an opportunity for the successful candidate to gain an understanding of the crude oil supply business, while performing a complex and critical function.

Key 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.
• Interacting with Traders, Schedulers, Refinery Feedstock Coordinators, Accountants, Engineers, Analysts, Legal and other personnel in Commercial, Refining, Marketing, Product Quality, Transport & Logistics, Business Development, IT and Finance & Commercial Services and elsewhere. These interactions will be required to stay abreast of trading, logistical and financial activity, prepare contracts, address information queries, initiate, recommend, develop, and implement existing and new acquisition or sales strategies for achieving optimum value added from crude oil purchases, sales, and logistics.
• 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 within assigned area.
• Representing the Company at industry functions and keeping abreast of evolving industry conditions by training, reading, building, and maintaining internal and external contacts related to crude oil trading.
• This dynamic trading role will support MPC's Domestic Crude book, specifically regarding trading of physical and financial instruments native to the Houston area, and encompassing supply of feedstocks to the Galveston Bay Refinery. This role will have significant daily interactions with the Permian, Canadian, Cushing, and Louisiana traders, and play a crucial role in strategy development and execution for each of these regions.

Education and Experience

• 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)

This position is part of a job family with multiple grade levels. The successful candidate will be placed at a level commensurate with experience and qualifications.

Required Skills

• Accountability
• Commercial Awareness
• Communication
• Contract Management
• Customer-Focused
• Data Analysis
• Decision Making
• Entrepreneurship
• Leadership & Mentoring
• Marketing Strategies
• Negotiation
• Risk Management
• Strategic Planning

Location

• Primary Location: Houston, Texas
• Address: 500 Dallas St Ste 2900
• Job Requisition ID: 00020186

Employment Details

• Employee Group: Full time
• Employee Subgroup: Regular

Benefits

Marathon Petroleum offers a total rewards program which includes, but is not limited to:

• Health, vision, and dental insurance
• Paid time off
• 401k matching program
• Paid parental leave
• Educational reimbursement
• Discretionary company-sponsored annual bonus program

Detailed benefit information is available at https://mympcbenefits.com.

Equal Opportunity

Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws.

If you would like more information about your EEO rights as an applicant, click here. If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at talentacquisition@marathonpetroleum.com. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation.

We will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.