Crude Trader

An exciting career awaits you

At MPC, we’re committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

Position Summary

Crude Oil Trading is part of the 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 Findlay, Houston, Calgary, Denver, and Singapore.

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 should be viewed as a growth opportunity 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 within Marathon Petroleum Supply and Trading’s Permian Lease team. The ideal candidate will have a deep understanding of the Permian Basin crude oil market and logistics, with existing relationships in the industry.

Key Responsibilities

• Develops and implements negotiating tactics to complement planned supply/sales strategies and to maximize MPC overall value.

• Continuously reviews market conditions and short-term supply plans; recommends and implements changes to the plan to optimize overall value to MPC (quality differential shifts, shifts in locational arbitrage, etc.)

• Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals)

• Initiates and completes negotiations and executes or recommends execution of deals (purchase, exchange, and sale contracts) that maximize economic benefits to the company.

• Builds and maintains internal and external relationships with counterparties and business partners.

• Prepares periodic reports on market activities, supply/demand balance, and competitive developments.

• Collaborates with the value chain and members of the extended business team (Credit, Legal, Accounting, etc.) to stay abreast of trading, logistical and financial activity, meet regulatory requirements, prepare contracts, address information queries, and develop acquisition/sales strategies to achieve optimum value.

• Participates in the negotiation or development of commercial resolutions impacting trading desk (e.g., disputes, claims, etc.)

• Analyzes and anticipates market conditions to optimize economic value added from trading activity in collaboration with MPC organizations across the value chain.

• Manages basis exposure and/or physical inventory position to maximize market structure value within operational and/or financial constraints.

• Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders

Education and Experience

Trader:

• Bachelor’s degree required.

• Three (3) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).

Senior Trader:

• Bachelor’s degree required.

• Five (5) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).

Skills

Accountability

Commercial Awareness

Communication

Contract Management

Customer-Focused

Data Analysis

Decision Making

Entrepreneurship

Leadership & Mentoring

Marketing Strategies

Negotiation

Risk Management

Strategic Planning

Location: Houston TX

Estimated Travel: 10-15%

This position grade may vary depending on candidate experience. The successful candidate will be placed at a level commensurate with experience and qualifications.

As an energy industry leader, our career opportunities fuel personal and professional growth.

Location:

Houston, Texas

Additional locations:

Job Requisition ID:

00022439

Location Address:

500 Dallas St Ste 2900

Education:

Bachelors (Required)

Employee Group:

Full time

Employee Subgroup:

Regular

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. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at https://mympcbenefits.com.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.

Equal Opportunity Employer: Veteran / Disability

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.