Summer 2027
Trading Analytics Intern
Posted on 8/11/2026
ConocoPhillips
10,001+ employees
Upstream oil and gas exploration; LNG
No salary listed
No H1B Sponsorship
Houston, TX, USA
In Person
Bachelor's
 Quantitative Finance (1) |
|---|
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- Must be legally authorized to work in the United States on a full-time basis for anyone other than the current employer and/or education institution.
- Be pursuing a Bachelor's degree or higher in Mathematics, Statistics, Economics, Finance, Data Science, Engineering, Computer Science, Physics, or another related quantitative or technical field.
- Be a current junior, senior, or graduate student in college.
- Have an expected graduation date from Fall 2027 through Spring 2029.
- Be available to start the internship in mid-to-late May 2027.
- Have a minimum of ten continuous weeks of availability for the internship.
- Support the building and maintenance of supply/demand balances and fundamental models for crude oil, NGLs, natural gas, or LNG.
- Analyze industry reports, production data, inventory levels, and shipping/vessel-tracking data to support market intelligence.
- Help build or enhance fair value models for futures, spreads, and other derivative products.
- Assist in preparing market updates and ad hoc research summarizing supply/demand trends and price outlooks.
- Support development and testing of pricing, simulation, or optimization models across crude, natural gas, power, LNG, or NGLs.
- Assist with forward curve construction, calibration routines, and back-testing of existing models.
- Contribute to the commercial quantitative library, including documentation, validation, and code review support.
- Apply statistical or machine learning techniques to improve forecasting accuracy for fundamentals or price relationships.
- Deliver a defined project with clear milestones and a final presentation to Commercial leadership, supervisors, mentors, and collaborators.
- Partner with traders, analysts, and quants to translate data into decision-ready insights.
- Present findings clearly to both technical and non-technical audiences.
- Complete the entire online application process, including prescreening questions, a resume with transcripts, and an eSignature, by the requisition closing date.
- Have a minimum cumulative and major GPA of 3.25 on a 4.0 scale.
- Have strong foundational skills in Excel and exposure to at least one programming or statistical language, such as Python or R.
- Have exposure to analysis, modeling, and visualization using Python, R, SQL, or Excel/VBA.
- Have coursework or project experience in statistics, econometrics, financial modeling, optimization, or data science.
- Have an interest in energy or commodity markets, including crude oil, natural gas, NGLs, power, or LNG.
- Have proficiency with Microsoft Office products.
- Build positive relationships based on trust and collaborate across organizational boundaries.
- Take ownership of actions, follow through on commitments, hold others accountable, and stand up for what is right.
- Have strong written and verbal communication skills and the ability to translate technical or analytical concepts for non-technical audiences.
ConocoPhillips focuses on upstream energy activities, exploring, extracting, and selling crude oil, natural gas, and natural gas liquids to buyers around the world. Its products come from exploration and production efforts and revenue comes from selling resources to refineries and other end-users, with LNG development aimed at making natural gas more efficient to transport and use. The company operates globally in regions like the United States, Canada, Norway, and Australia, and partners with others to develop low-carbon LNG solutions. Its goal is to expand its global upstream footprint while leading in LNG technology and lower-emission energy solutions for customers and governments.
Company Size
10,001+
Company Stage
IPO
Headquarters
Houston, Texas
Founded
2002
Get referred to ConocoPhillips
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Simplify's Take
What believers are saying
- Q2 2026 adjusted EPS hit $3.24, and shareholder returns reached $3.0 billion.
- ConocoPhillips closed $5 billion of asset sales early and doubled buybacks in Q2 2026.
- LNG offtake rose to 12 MTPA, and the Kirkuk stake closes by year-end 2026.
What critics are saying
- September 2025 layoffs cut 20-25% of staff, exposing a cost problem against peers.
- Willow depends on 2026 permitting and winter construction; another delay pushes first oil beyond 2029.
- Kirkuk, Syria, and Alaska concentrate political and execution risk; one disaster can derail growth.
What makes ConocoPhillips unique
- ConocoPhillips built a low-cost shale portfolio through Concho, CrownRock, and Shell Permian deals.
- Andy O’Brien ran finance, LNG, strategy, Alaska, and M&A across ConocoPhillips since 1997.
- Its 12 MTPA LNG offtake network gives gas-market exposure without building terminals.
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Benefits
Professional Development Budget
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -5%2 year growth
↓ -5%ConocoPhillips' Andy O'Brien steps up from CFO to CEO - the latest sign finance chiefs are winning more top jobs. 7th Aug 2026 | 01:18pm Good morning. Finance chiefs are increasingly landing the top job across the Fortune 500, with the latest example at ConocoPhillips. Houston-based ConocoPhillips, the nation's leading independent oil and gas producer, announced Thursday that Andy O'Brien, CFO and EVP of strategy and commercial, will succeed Ryan Lance as president and chief executive, effective Sept. 1. Lance is retiring from the top role and will become executive chair of the board of directors. Fortune's Jordan Blum reports that the succession announcement comes as ConocoPhillips (No. 75 on the Fortune 500) reported a second-quarter profit of $3.9 billion, up from $2 billion a year earlier. The company has a market cap of about $140 billion, down only slightly from the all-time high it hit in late March. Profits were boosted by high oil prices triggered by the Iran war. ConocoPhillips and Phillips 66 spun off from each other in 2012, when Lance became CEO. He has spent more than four decades at the company. O'Brien has built his career at ConocoPhillips as well. He joined the company in 1997 as a financial analyst in England. According to his LinkedIn page, he has held more than a dozen roles in finance, strategy and planning over the years - from controller in Alaska to senior vice president of global operations. In a statement, O'Brien said he plans to build on the momentum Lance established and continue raising the bar for the company. The CFO-to-CEO pipeline. So far in 2026, executive search firm Crist Kolder Associates says the CFO-to-CEO succession trend is continuing. For 2025, the firm reported that 10.26% of sitting CEOs at Fortune 500 and S&P 500 firms came directly from the CFO role, compared with 7.1% in 2024 and 6.5% in 2015. I asked Scott Simmons, co-managing partner at Crist Kolder, what experience - beyond his financial stewardship at ConocoPhillips - makes O'Brien "CEO-ready" in the board's eyes. O'Brien has nearly 29 years of experience at the company and has worked all over the world in a variety of positions and markets, Simmons explained. He spent time outside of finance in global operations and commercial roles, building credibility with the board on intangibles such as overall leadership ability and investor relationships. O'Brien has also been part of the executive leadership team since 2022, meaning he has been "at the table." "All of this is a strong recipe for a successful CFO-to-CEO transition," Simmons said. Konnie Haynes-Welsh, currently vice president of finance and controller at ConocoPhillips, was promoted to senior vice president and CFO. Haynes-Welsh has also had a long tenure at the company - nearly 15 years - and has held a variety of roles across finance and strategy, from manager of SEC compliance to chief accounting officer to vice president and treasurer. ConocoPhillips appears to be building a solid leadership pipeline, and reaching the top seat there seems to require taking on many different roles to gain a full range of experience. This story was originally featured on Fortune.com
ConocoPhillips names Andy O'Brien CEO as Q2 adjusted EPS hits $3.24 on 2,248 MBOED output. ConocoPhillips named Andy O'Brien CEO effective September 1 as Q2 adjusted EPS reached $3.24 on $3.9 billion in earnings and 2,248 MBOED production. ConocoPhillips announced on August 6 that Andy O'Brien will become president and chief executive officer on September 1, 2026. O'Brien currently holds the titles of chief financial officer and executive vice president of strategy and commercial. Ryan Lance, who built the company after its re-establishment as an independent producer in 2012, will transition to executive chair of the board. The board's lead independent director, Robert Niblock, said Lance "set the course for the newly formed independent ConocoPhillips in 2012." During that 14-year tenure, Lance completed three acquisitions that reshaped the asset base: Concho Resources in 2021 for approximately $9.7 billion, CrownRock in early 2024 for $22.5 billion, and a 42% stake in BP's Kirkuk joint venture in Iraq. These deals transformed ConocoPhillips from a conventional exploration major into one of the world's largest independent shale operators. O'Brien joined Conoco in 1997 and advanced through finance, planning, and strategy roles across multiple continents before joining the executive leadership team in 2022. His portfolio included oversight of Alaska, international operations, commercial ventures, LNG, corporate strategy, investor relations, and mergers and acquisitions. Konnie Haynes-Welsh will move from vice president of finance and controller to senior vice president and chief financial officer, filling the vacancy O'Brien leaves behind. Q2 2026: $3.9 billion adjusted earnings on record Lower 48 output. ConocoPhillips reported adjusted earnings of $3.9 billion, or $3.24 per diluted share, for the second quarter of 2026. GAAP earnings per share came in at $3.23. Total company production reached 2,248 thousand barrels of oil equivalent per day (MBOED), with Q3 2026 guidance set at 2.29 to 2.32 MBOED. Operating cash flow for the quarter was $7.4 billion, against capital expenditures of $3.0 billion, leaving approximately $4.4 billion of free cash flow. The company returned $3.0 billion to shareholders in Q2: $2.0 billion in share repurchases and $1.0 billion in dividends, equal to about 68% of quarterly free cash flow. ConocoPhillips doubled its quarterly buyback rate, extending a trend of accelerating capital returns. The board declared a Q3 2026 dividend of $0.84 per share. ConocoPhillips confirmed it achieved its $5.0 billion asset disposition target ahead of schedule, trimming non-core positions to redirect proceeds toward repurchases. The company targets returning 45% of annual cash from operations to shareholders for full-year 2026. CrownRock and Concho assets drive the Lower 48 machine. Lower 48 production reached 1,479 MBOED in Q2, representing 65.8% of total company output. The Delaware Basin contributed 720 MBOED, the direct result of the Concho Resources acquisition that ConocoPhillips closed in January 2021. Concho's legacy acreage across the Delaware Basin remains the bedrock of ConocoPhillips' largest production corridor, grown since 2021 through continuous infill drilling. The Midland Basin added 202 MBOED, reflecting the CrownRock assets absorbed in early 2024. At acquisition, CrownRock was producing roughly 170,000 barrels per day, meaning the Midland Basin base has grown by approximately 19% since deal close through organic activity alone. Eagle Ford contributed 363 MBOED, while the Bakken added 189 MBOED, completing a four-basin Lower 48 platform assembled over a decade of major acquisitions. Kirkuk deal anchors the Middle East cost-of-supply strategy. The Q2 earnings statement noted that ConocoPhillips "secured low cost of supply opportunities in the Middle East," a phrase referring to the Kirkuk joint venture announced this summer. As Oil Authority reported, ConocoPhillips acquired a 42% stake in BP Energy Company of Kirkuk Limited, gaining access to more than 3 billion barrels of gross recoverable oil equivalent. The transaction covers four northern Iraqi fields, the Kirkuk, Bai Hassan, Jambur, and Khabbaz areas, currently producing 285,000 to 330,000 barrels per day. Kirkuk's all-in development cost was reported at $8.33 per barrel. With WTI trading at $77.75 per barrel as of late morning August 6 on CME Group, up 3.36% on the day, that implies a pre-royalty margin of roughly $69 per barrel on incremental production. The $25 billion total redevelopment program is shared with BP, scaled to each partner's ownership stake. ConocoPhillips also increased its LNG offtake capacity to 12 million tonnes per annum. O'Brien's executive portfolio included commercial LNG and strategy, areas where the company has been building contractual positions with multiple global terminals. The company has diversified its revenue mix toward gas and LNG without taking on upstream exploration risk in high-cost frontier markets. Sources and methodology. Oil Authority synthesis: CrownRock organic production growth calculation (202 MBOED vs. approximately 170 MBOED at acquisition, 19% growth); free cash flow shareholder distribution rate (68% in Q2); Kirkuk cost-of-supply margin at current WTI ($69 per barrel pre-royalty); parent-subsidiary mapping of Concho and CrownRock contributions to Lower 48 output, not reported in source wires. Published by Oil Authority, edited by Adam Humphreys Submit a correction. Spotted a factual error? Free account required to submit a correction.
ConocoPhillips announces CEO succession, Lance to retire after 14 years. August 06, 2026 (WO) - ConocoPhillips has announced a planned leadership transition, naming Andy O'Brien president and chief executive officer effective Sept. 1, while longtime CEO Ryan Lance will retire from the role and become executive chair in a transitional capacity. The company also named Konnie Haynes-Welsh senior vice president and chief financial officer, succeeding O'Brien as CFO. The appointments mark the end of Lance's 14-year tenure as president and CEO, during which he transformed ConocoPhillips into one of the world's leading independent upstream companies through a series of major acquisitions, portfolio optimization and a focus on shareholder returns. "On behalf of the board, I want to thank Ryan for 14 years of exceptional leadership and more than 40 years of dedicated service to the company," said Lead Independent Director Robert Niblock. "He set the course for the newly formed independent ConocoPhillips in 2012, and during his tenure, the company became a recognized leader within the sector as a global upstream company." O'Brien, who currently serves as executive vice president, Strategy and Commercial, and chief financial officer, joined Conoco in 1997. Since joining the executive leadership team in 2022, he has overseen the company's Alaska and international businesses, commercial operations, LNG, finance, corporate strategy, investor relations and mergers and acquisitions. "I'm honored to lead ConocoPhillips and grateful to Ryan for the strong foundation he has built," O'Brien said. "My focus will be to build on that momentum, continue raising the bar and unlock even greater value across our company." Lance said ConocoPhillips enters its next chapter with "an exceptional portfolio and a world-class team," expressing confidence that O'Brien will continue executing the company's disciplined strategy while delivering long-term value for shareholders. Haynes-Welsh joined ConocoPhillips in 2012 and has held leadership positions across finance, corporate strategy, treasury and the Lower 48 organization. She currently serves as vice president, Finance and Controller. All appointments take effect Sept. 1.
ConocoPhillips CEO Ryan Lance departs as oil producer posts best profit since 2022. 06 Aug 2026, 07:14 pm Updated - 10:25 pm HOUSTON (Aug 6): ConocoPhillips said on Thursday CEO Ryan Lance will retire after 14 years, handing the job to CFO Andy O'Brien, as the oil and gas producer posted better-than-expected quarterly profit and revenue. The departure comes after a tumultuous past year for ConocoPhillips. The company cut 20-25% of its workforce in September 2025, after it hired management consulting firm Boston Consulting Group to advise on the restructuring. Lance took responsibility for the job cuts, telling employees that the company, under him, had become less competitive as it focused on swallowing smaller rivals. It had struck two multi-billion-dollar deals in recent years - buying smaller peer Marathon Oil in 2024 for US$22.5 billion (RM92 billion), and Concho Resources for US$9.7 billion in 2021. It has also acquired Permian assets from oil major Shell for US$9.5 billion. However, the company also posted the highest net income since 2022 on the back of sturdy oil prices in recent months. Shares of ConocoPhillips, the largest US independent oil and gas producer, rose 1.4% in morning trading. "He's had a good run as CEO," said Dan Pickering, chief investment officer at Pickering Energy Partners, noting the strong financial and recent consolidations. Lance took the helm of the company in 2012 after ConocoPhillips split from refining business Phillips 66, leaving it as a pure exploration and production company. During his tenure, ConocoPhillips emerged as one of the largest independent oil and gas producers globally, with operations spanning North America, Europe, the Asia-Pacific region and the Middle East. Lance also oversaw a series of major portfolio moves, including the sale of billions of dollars of non-core assets following the 2014 oil price collapse, and massive oil price drops in 2020 after the Covid-19 pandemic crushed demand. Lance will become executive chair and O'Brien will take over as CEO on Sept 1, the company said. Konnie Haynes-Welsh, who joined the company in 2012 and is currently vice president, finance and controller, will become senior vice president and chief financial officer. O'Brien, who joined the company in 1997, has held roles in finance, planning and strategy, and also oversaw the company's Alaska and international businesses, commercial, LNG and mergers and acquisitions. "Andy (O'Brien) very much fits the mold of a large company executive - thinks before he talks, measured... He's managed and handled a lot of different roles and responsibilities within the company. He understands the technical nature of what ConocoPhillips is doing, and he's very familiar with the assets," Pickering said. It is unlikely that there will be a meaningful shift in ConocoPhillips' strategy, Pickering added. The company has recently agreed to acquire a 42% stake in a joint venture in the Kirkuk oilfields in northern Iraq, and signed an agreement to re-enter Syria, all of which would likely be O'Brien's priorities. Blockbuster earnings. ConocoPhillips posted an adjusted profit of US$3.24 per share for the second quarter ended June 30, beating analysts' average estimate of US$2.88 per share, according to data compiled by LSEG. Revenue rose 32.4% to US$19.5 billion in the quarter, beating estimates of US$18.8 billion. Production dipped nearly 6% to 2.25 million barrels of oil equivalent per day (boepd), while the company's average realized price was US$62.33 per barrel of oil equivalent (boe), 36% higher than a year earlier. Rival producers Occidental Petroleum and Diamondback as well as oil majors Chevron and Exxon Mobil have all reported multi-year high profits on the back of high oil prices stemming from the Iran war. Benchmark Brent crude averaged at about US$93.58 per barrel during the April-to-June period, up more than 32% from a year earlier, driven by geopolitical tensions in the Middle East that raised concerns about global oil supplies. Despite the surge in oil prices, US oil and gas producers with assets in the Middle East experienced some disruptions to operations due to the ongoing Iran war. The company forecast third-quarter production between 2.29 million boepd and 2.32 million boepd. Uploaded by Magessan Varatharaja
Andy O'Brien, the insider poised to lead ConocoPhillips. August 6, 2026 EnergyNow Media (Reuters) - ConocoPhillips on Thursday named finance chief Andy O'Brien as CEO, succeeding Ryan Lance, who will transition to executive chair on September 1 after more than a decade leading the U.S. oil producer. O'Brien takes the reins of a company that has one of the strongest balance sheets among independent exploration and production companies. Here are some details about O'Brien: Long-time Conoco veteran. O'Brien joined legacy Conoco in 1997 and has spent nearly three decades with the company, holding finance, planning and strategy roles across multiple international operations before rising to the executive ranks. Current CFO and strategy chief. He currently serves as CFO and executive vice president, strategy and commercial, overseeing finance, corporate planning, business development, commercial, sustainable development and low-carbon technology. Executive leadership experience. Since joining ConocoPhillips' executive leadership team in 2022, O'Brien has led several key businesses and functions, including the company's Alaska and international operations, commercial and LNG businesses, corporate strategy, investor relations, finance, and mergers and acquisitions. To lead conocophillips from September. O'Brien will assume the roles of president and CEO effective September 1, as ConocoPhillips hands leadership to an internal executive after Lance's tenure. Reporting by Arunima Kumar in Bengaluru; Editing by Anil D'Silva Share This: