Pricing Analyst
ConocoPhillips, Houston, TX, United States
Job Summary
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 industry 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).
Benefits Overview
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.
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.
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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 industry 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).
Benefits Overview
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.
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.
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