Full-Time
Cost Estimation Engineer
ExxonMobil
10,001+ employees
Global fuel producer, distributor, stations network
No salary listed
Bengaluru, Karnataka, India
In Person
Bachelor's
 Finance & Banking (1) |
|---|
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- Degree in Engineering, Engineering Technology or Construction Management from a recognized university
- Minimum 3 years of prior experience in EPC or Project Management in the Oil and Gas Industry
- Minimum 3 years of experience in cost estimation or proposal execution
- Strong understanding of cost estimating techniques and tools to evaluate competitiveness
- Expertise in risk management and mitigation strategies
- Knowledge of industry standards and regulatory requirements in the energy sector
- Ability to analyze complex data and generate actionable insights
- Strong problem-solving skills to address project challenges
- Good to have: Experience in cost estimation and execution of brownfield projects
- Good to have: Experience in using cost estimation software such as Aspen CCE
- Willingness to relocate to Bengaluru
- Ability to travel internationally as per business needs
- Work in shifts (9am to 6pm or 1:30 pm to 10:30 pm)
- Good command of English, both written and spoken
- Strong presentation skills in English and MS Excel
- Strong interpersonal and communication skills; ability to clearly and concisely convey recommendations to project team members and company leadership management
- Strong organizational, coordination, planning & interface skills and attention to details
- Ability to manage multiple projects simultaneously
- Able to work well with others in a fast-changing environment
- Prepare multi-disciplinary cost estimates for a variety of medium and large projects using appropriate tools and systems
- Develop detailed cost estimates for projects at various stages, including conceptual, preliminary, and definitive phases
- Analyze project requirements and specifications to determine cost-effective solution
- Discuss, coordinate and resolve estimating input/queries with the project team and Subject Matter Experts available in organization to ensure quality estimate
- Ensure all assumptions/clarifications are properly documented
- Provide support for any selection and optimization study during project development
- Identify and drive optimizations in cost and execution of projects
- Support project team in identification evaluation and capture of capital efficiency opportunities and estimate risks
- Support the procurement process by providing cost analysis and recommendations for vendor selection
- Evaluate vendor proposals and contracts to ensure cost-effectiveness
- Prior Experience Interfacing with Contractors or teams remotely across multiple countries in oil, gas and energy projects
- Experience in training/mentoring new employees
ExxonMobil operates a global network of Exxon and Mobil fuel stations offering gasoline, diesel, motor oil, and convenience-store items to individuals and commercial customers, and it also supplies wholesale fuels. Customers purchase fuel and related products at stations, use loyalty programs, and may add services like car washes; Alexa voice-pay options are available at many stations to speed transactions. The company differentiates itself with a vast, vertically integrated retail and wholesale network, broad loyalty programs, and technology-enabled payments. Its goal is to provide reliable energy and fuel access worldwide while delivering value through a wide range of services and payment options, maintaining leadership in the energy sector.
Company Size
10,001+
Company Stage
N/A
Total Funding
N/A
Headquarters
Irving, Texas
Founded
1866
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Simplify's Take
What believers are saying
- Second-quarter 2026 free cash flow reached $17.2 billion, funding dividends and buybacks.
- Whiptail in Guyana targets 250,000 barrels daily by end-2027, expanding low-cost supply.
- Exxon completed an $81.6 billion buyback, shrinking share count 17.7% and boosting per-share earnings.
What critics are saying
- Clean Hydrogen Works sued Exxon in Texas Business Court on February 6, 2026.
- Exxon paused Baytown low-carbon hydrogen until demand develops, stalling a flagship diversification.
- Climate and coastal suits continue across states, threatening settlements, injunctions, and reputational damage.
What makes ExxonMobil unique
- Guyana FPSOs scale fast; fifth starts 4Q26, adding 250,000 barrels daily.
- Permian output hit 1.8 million barrels daily, sustaining Exxon’s shale leadership.
- Structural cost savings reached $16.3 billion since 2019, outpacing major oil peers.
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Benefits
Health Insurance
Life Insurance
401(k) Retirement Plan
Competitive compensation
Medical plans
Maternity Leave
Retirement benefits
Annual vacations & holidays
Day care assistance program
Training and development program
Tuition assistance program
Workplace flexibility policy
Relocation program
Transportation facility
Company News
ExxonMobil reported second-quarter 2026 adjusted earnings of $3.52 per share, missing analyst expectations of $3.60. However, the company generated $23.6 billion in cash from operations and $17.2 billion in free cash flow, funding $9.4 billion in shareholder distributions. The company posted its highest upstream production in over two decades. Permian output reached a record 1.8 million oil-equivalent barrels per day, consistent with its 9% annual growth target through 2030. Exxon has achieved $16.3 billion in structural cost savings since 2019. First-half free cash flow of $19.9 billion covered $18.6 billion in distributions, leaving limited cushion. The company reduced debt by $7 billion in the second quarter. Exxon declared a third-quarter dividend of $1.03 per share.
ExxonMobil reported second-quarter 2026 revenue of $116 billion and net income of $14.5 billion, lifting earnings per share to $3.48. The company declared a $1.03 third-quarter dividend and completed an $81.6 billion multi-year buyback covering 739 million shares. ExxonMobil returned $9.4 billion to investors through dividends and repurchases during the quarter. The completed buyback retired approximately 17.7% of shares, amplifying the impact of future earnings on remaining shareholders. The company's investment narrative centres on converting its oil and gas assets into steady cash flow whilst repositioning towards lower-carbon solutions. However, questions remain about long-term hydrocarbon demand and decarbonisation pressure on core assets. ExxonMobil's narrative projects $369 billion revenue and $46 billion earnings by 2029, requiring 4.2% yearly revenue growth.
Exxon Mobil reported a $14.5 billion second-quarter profit, with adjusted earnings of $14.7 billion, or $3.52 per share. Its shares jumped roughly 3.3% on Monday morning as oil prices climbed following Iran's conditions on reopening the Strait of Hormuz. Production reached approximately 4.5 million barrels of oil equivalent per day, with the Permian Basin hitting a record 1.8 million barrels per day. This offset around 450,000 barrels per day of unavailable Qatar production. Upstream earnings reached $9.2 billion. However, GuruFocus values Exxon at $158.05 against a fair value estimate of $120.55, suggesting the stock trades 31.1% above its assessed worth. A prolonged Strait of Hormuz closure could reduce third-quarter production by roughly 750,000 barrels per day.
ExxonMobil earned approximately $160 million per day last quarter as oil prices surged, according to WQOW. The three-month period generated billions in earnings for the company. Rising crude prices created substantial profits for oil producers whilst simultaneously increasing costs for consumers through higher petrol, electricity, and home-energy bills. Transportation and shipping expenses also climbed, filtering into grocery prices and other essentials. These market dynamics occurred during a period of unstable global energy pricing, driven by geopolitical conflicts, output decisions, and extreme weather disruptions. The volatility affected daily household expenses rather than just market charts. Industry experts suggest expanding cleaner energy sources like wind and solar to reduce exposure to oil and gas price fluctuations, alongside practical measures such as weatherisation and efficient appliances.
ExxonMobil Global Projects has awarded Sercel a one-year contract to deploy its Marlin software platform at the Whiptail project in the Stabroek Block, offshore Guyana. The Marlin platform will help manage simultaneous operations, supporting pipe-laying and mooring installation activities. The software provides a live, time-based geospatial view of concurrent offshore activities, aiming to increase vessel and asset awareness for safer execution of multiple operations. Whiptail, the sixth development on the Stabroek Block, is projected to contribute roughly 250,000 barrels of daily capacity by end-2027. Budgeted at around $12.7 billion, the project will feature ten drilling centres and 48 production and injection wells. ExxonMobil Guyana operates the Stabroek Block with a 45% stake, whilst Hess Guyana Exploration holds 30% and CNOOC Petroleum Guyana holds 25%.