Full-Time
Light Ends Distillates Trading Analyst
Updated on 9/14/2026
ExxonMobil
10,001+ employees
Global fuel producer, distributor, stations network
No salary listed
London, UK
In Person
Bachelor's
 Finance & Banking (1) |
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- Bachelor's degree in Economics, Engineering, Finance, Data Science, Mathematics, Statistics, or a related quantitative discipline.
- Proven experience analyzing light ends markets, including naphtha, blendstocks, condensates, refinery feedstocks, LPG/NGLs, and related refinery streams, ideally within a trading, refining, or commercial environment.
- Strong understanding of European refining economics, refinery operations, product yield optimization, feedstock markets, and regional supply and demand fundamentals.
- Experience building and maintaining market balance models, supply and demand forecasts, trade flow analysis, and commercial decision-support tools.
- Deep knowledge of European and Atlantic Basin commodity flows, arbitrage economics, inventory dynamics, and market structure.
- Demonstrated ability to translate complex fundamental analysis into actionable trading insights and commercial recommendations.
- Advanced proficiency in SQL, Python, Excel, and Power BI.
- Experience working with large, multi-source datasets, including refinery intelligence, vessel tracking, logistics, inventory, and pricing data.
- Strong commercial acumen with the ability to identify emerging opportunities, assess risk, and challenge prevailing market views.
- Excellent communication and presentation skills, with the ability to influence traders, risk managers, and senior stakeholders.
- Ability to thrive in a fast-paced trading environment while managing multiple priorities and rapidly changing market conditions.
- Lead market analysis across European light ends markets, including naphtha, blendstocks, condensates, refinery feedstocks, and related refinery streams.
- Develop and maintain supply, demand, inventory, and trade flow models to identify market trends and trading opportunities.
- Analyze refinery operations, refinery turnarounds, product yields, cracking economics, and feedstock optimization to anticipate changes in market balances.
- Assess regional and Atlantic Basin arbitrage flows and their impact on European market dynamics.
- Monitor changes in product specifications, environmental regulations, biofuel mandates, and evolving market structures affecting light ends markets.
- Generate forward-looking market views through the integration of proprietary datasets, third-party market intelligence, vessel tracking, refinery data, and macroeconomic indicators.
- Partner with traders to identify opportunities, evaluate risk, and support commercial decision-making across physical and derivatives markets.
- Monitor and interpret benchmark pricing relationships, cracks, spreads, and inter-product economics relevant to the light ends complex.
- Produce regular market reports, balance forecasts, and scenario analyses highlighting key drivers, emerging themes, and market risks.
- Develop and maintain analytical tools, dashboards, and visualization platforms using SQL, Python, Excel, and Power BI.
- Collaborate with developers and data teams to enhance analytics capabilities, improve data quality, and integrate new sources of market intelligence.
- Present market views, trading themes, and strategic recommendations to trading, risk, and management stakeholders.
- Monitor freight, logistics, storage, and inventory developments impacting regional supply chains and commercial flows.
- Identify structural trends affecting European refining, petrochemical feedstock demand, regional trade patterns, and market competitiveness.
- Experience supporting trading activities across light ends value chains, including naphtha, blendstocks, refinery feedstocks, condensates, LPG/NGLs, or related products.
- Familiarity with ARA, Mediterranean, Northwest European, and Atlantic Basin market dynamics.
- Understanding of petrochemical feedstock markets and the interaction between refining and petrochemical value chains.
- Knowledge of physical and derivative markets relevant to light ends products.
- Experience developing analytical frameworks that directly informed trading strategy and portfolio decisions.
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
- Q2 2026 earnings reached $14.5 billion, with $23.6 billion operating cash flow.
- Reuters says Exxon is bidding for Shell’s $8 billion U.S. chemicals assets.
- Guyana’s fifth FPSO and Longtail keep adding low-cost production through 2026-2027.
What critics are saying
- Boulder climate litigation survives at the Supreme Court, inviting dozens of similar claims.
- Trump’s Venezuela push collides with sanctions, contracts, and security, blocking any 2026 reentry.
- If Middle East supply normalizes, Exxon loses the diesel and base-stock scarcity premium.
What makes ExxonMobil unique
- Guyana recovered $55 billion early; Errea Wittu starts up by 4Q26.
- Permian hit record 1.8 million barrels daily, pairing scale with relentless execution.
- Exxon’s integrated refining and chemicals captured 180% margin expansion during Middle East disruptions.
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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
President Donald Trump's nine largest oil and gas holdings gained between $1.5 million and $4.4 million in the first six months of the Iran war, according to a CNBC analysis of his financial disclosure and market data. The holdings include Chevron, ExxonMobil, and seven other energy companies. CNBC calculated gains using share-price movements from 27 February, the day before hostilities began, through 31 August. Trump's accounts showed at least 23 sell transactions across the nine stocks through 29 June. A White House spokesman said Trump plays no role in trading decisions, with all investments managed independently. Ethics watchdogs disputed this, noting Trump still knows his heavy energy investment positions. The nine firms posted combined second-quarter profits of $47.6 billion, triple the prior year's figure. US crude prices rose roughly 36% since the war started.
ExxonMobil CEO Darren Woods called Venezuela "uninvestable" in January during a White House meeting. However, President Trump recently announced that "Exxon is going in" to Venezuela, though the company hasn't confirmed plans to reenter the country it exited two decades ago. At a recent press event, Trump stated that ExxonMobil and Chevron are among major oil companies heading into Venezuela. Chevron has confirmed its expansion, announcing plans to invest over $7 billion over five years to double production to around 600,000 barrels per day. Chevron's agreements include "enhanced fiscal, commercial, and legal terms intended to support durable and competitive long-term investments." These improved terms align with ExxonMobil's previously stated conditions for returning to Venezuela, suggesting the country may be willing to make necessary concessions.
Exxon Mobil fell 0.8% to $163.24 on Wednesday despite Brent crude surging towards $95.18 amid renewed US-Iran tensions. The stock trades 28.86% above its estimated value of $126.68, signalling potential overvaluation. The energy giant reported strong second-quarter results with $14.5 billion in earnings, $23.6 billion in operating cash flow, and $17.2 billion in free cash flow. The company returned $9.4 billion to shareholders during the period. President Donald Trump suggested Exxon would return to Venezuela, according to Reuters. However, the company has announced no formal investment deal. Sanctions, contracts, infrastructure, and legal protections remain unresolved nearly two decades after nationalisation forced Exxon's exit from the country.
ExxonMobil has joined bidders for Shell's US chemicals division, which includes four plants in Louisiana, Texas, and Pennsylvania and could fetch around $8 billion. Shell is selling assets that recently contributed to its quarterly earnings as part of ongoing portfolio reshaping. The potential acquisition would expand ExxonMobil's US chemicals presence but does not materially alter its near-term focus on execution in the Permian Basin and Guyana. The move comes after ExxonMobil posted record production and revenue in the second quarter, though adjusted earnings missed expectations. Analysts project ExxonMobil revenues of $369.2 billion and earnings of $46.2 billion by 2029, requiring 4.2% annual revenue growth. Some optimistic forecasts reach $507 billion in revenues and $55 billion in earnings.
ExxonMobil has stopped highlighting return on capital employed in its earnings reports. The company reported $14.5 billion in second-quarter 2026 earnings but omitted the return metric that appeared alongside financial results two years ago, when management cited a 13% return on capital employed for 2024. The company now emphasises earnings levels and cumulative structural cost savings of $16.3 billion since 2019. Cash capital expenditures ran roughly $7 billion in the second quarter. The Guyana venture recovered its $55 billion investment nearly two years ahead of schedule, with its fifth production vessel on track for start-up by end-2026. Permian volumes reached a record above 1.8 million oil-equivalent barrels daily. Revenue over the past twelve months hit $361 billion, up 9.6% year over year, whilst the trailing operating margin fell to 10.7% from a three-year average of 11.7%.