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ExxonMobil

Quantitative Analyst V&S - Crude, Products, and Freight

London
Posted about 1 month ago
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About us

At ExxonMobil, our vision is to lead in energy innovations that advance modern living while reducing emissions. As one of the world’s largest publicly traded energy and chemical companies, we are powered by a unique and diverse workforce fueled by the pride in what we do and what we stand for.

The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies. 

We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet society’s evolving needs. Learn more about our What and our Why and how we can work together.What role you will play on our team   Join a high performing Front Office Valuation and Structuring quant team supporting Crude, Refined Products and Freight trading, portfolio optimization and structured transactions. You will provide transparent, independent and commercially actionable valuation expertise, with a strong focus on identifying, modelling and pricing embedded physical and financial optionality across crude grades, refinery-linked products, storage, blending, transportation and freight exposures. Your work will support traders, originators and senior stakeholders in evaluating structured supply/offtake agreements, blending strategies, storage and logistics optimization, freight-linked deals and cross commodity strategies, while contributing to global corporate initiatives requiring rigorous valuation, optionality analysis and risk translation beyond the core Trading organization.  What you will do  

Provide fair valuation and independent risk assessment for crude, refined products and freight transactions, including storage, blending optionality, transportation economics, and structured physical and derivative-linked deals, quantifying operational, volume, quality and market optionality. Support traders and originators with structure design, including blending optimization, assay-based valuation, freight routing logic, pricing indexation (Brent, WTI, Dubai, product cracks, freight benchmarks), exposure mapping, sensitivities and commercial explanation of optionality value drivers. Build valuation templates and analytics tools capable of modelling crude and products arbitrage, refinery yield optimization, blending economics and freight optimization, using stochastic, scenario based and optimization techniques. Contribute optionality and valuation insight to large global corporate projects, such as crude supply frameworks, refinery optimization initiatives, storage and logistics strategies and cross basin arbitrage opportunities. Advise on hedging strategies for complex exposures across crude benchmarks, refined products markets and freight, identifying hedgeable and residual components driven by quality differentials, location spreads, freight volatility and timing optionality. Conduct back testing, assumption validation and parameter research, including calibration of illiquid forward curves, volatility structures, correlation frameworks and freight and crack spread dynamics. Collaborate with quant modelling, technology and data teams to ensure robust model deployment, integration into Front Office trading tools, and support for portfolio optimization and decision workflows.

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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

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Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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 What you bring  

Strong quantitative background (MSc/PhD preferred) with Front Office crude, products, freight or broader commodities valuation/structuring or optimization experience. Expertise in crude and products valuation, blending optimization, refinery economics and freight optionality, alongside strong option pricing and curve/vol modelling skills. Advanced Python for pricing tools, optimization routines and scalable portfolio analytics. Ability to communicate complex valuation, blending, logistics and optionality concepts clearly to traders and commercial teams. Experience calibrating illiquid parameters and running back tests for crude, products and freight optionality frameworks. Understanding of global oil markets, including crude benchmarks (Brent, WTI, Dubai), products markets, refinery operations, freight dynamics (e.g. tanker markets, routes, vessel classes) and cross basin arbitrage. Strong awareness of London as a global hub for crude and products trading, with exposure to European and global market dynamics. High attention to detail, strong documentation discipline and a proactive improvement mindset.

 Your benefits   An ExxonMobil career is one designed to last. Our commitment to you runs deep: our employees grow personally and professionally, with benefits built on our core categories of health, security, finance, and life.

We offer you:

Competitive starting salary Generous resettlement allowance Defined Benefit Pension scheme Share incentive plan Private healthcare for employees and their families  Please note benefits may be changed from time to time without notice, subject to applicable law

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Alternate Location:   Conditions of EmploymentSuccessful candidates will be made a conditional offer of employment. The conditions include, but are not limited to: a satisfactory criminal records disclosure; satisfactory employment references over five years (where applicable); verification of qualifications, including any professional accreditation stated in the application; completion of a pre-employment medical, including a test for illicit or unprescribed drugs in accordance with the Company's safety policies; and the legal right to work on the agreed commencement date.

Equal Employment Opportunity PolicyExxonMobil and its United Kingdom subsidiary companies, Esso Petroleum Company, Limited, and ExxonMobil Chemical Limited, are equal opportunity employers and all qualified applicants will receive consideration for employment. All applicants are offered equal opportunity to demonstrate their abilities during our recruitment processes, therefore, please contact the Recruitment Team if you wish to discuss any particular requirements to enable you to complete our recruitment process.

Nothing herein is intended to override the corporate separateness of local entities. Working relationships discussed herein do not necessarily represent a reporting connection, but may reflect a functional guidance, stewardship, or service relationship. 

Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity, those terms and terms like corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Abbreviated references describing global or regional operational organizations and global or regional business lines are also sometimes used for convenience and simplicity. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer, and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships. #LI-Onsite

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Skills

Quantitative Analysis
Commodities Valuation
Python
Option Pricing
Stochastic Modelling
Refinery Economics
Freight Optimization
Risk Assessment
Curve Calibration
Portfolio Analytics
Blending Optimization
Hedging Strategies
Arbitrage Analysis
Financial Structuring
Data Analysis
Market Analysis

Location

London, England, United Kingdom

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