Full-Time
Estimator
Cost Engineering & Project Services
Posted on 10/4/2025
Chevron Corporation
10,001+ employees
Global oil, natural gas exploration, refining
No salary listed
Bengaluru, Karnataka, India
In Person
 Mechanical Engineering (1) |
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- Bachelor’s degree (B.E./B. Tech) in engineering, construction management, or related fields from a recognized (AICTE) university.
- Extensive knowledge of estimating standards, processes, best practices and tools.
- Experience developing different classes of estimates and leading cost assurance activities.
- Demonstrated experience and knowledge of cost estimating software, techniques, and tools.
- Skilled application of estimating methodologies to assess project costs and risks, at different project phases and for various levels of complexity, to ensure estimates are realistic and predictable.
- Strong Excel skills.
- Capable of conducting project walk-downs and proficient in interpreting project drawings, including P&IDs, PFDs, and BFDs.
- 5+ years of experience in capital project estimating in the oil and gas industry, both offshore and onshore.
- Demonstrated ability to collect, organize and apply internal and external benchmarking data at various levels of granularity throughout a project lifecycle.
- Experience facilitating through phase cost estimate assurance and risk assessment workshops to help ensure competitive and predictable outcomes.
- Experience with Aspen Capital Cost Estimator (ACCE) and/or QUE$TOR estimating software.
- Excellent communication skills and ability to effectively interface with a broad range of stakeholders.
- Proven ability to assist with partner/stakeholder alignment on estimate explanations and approvals.
- Demonstrated experience to effectively analyze and critique project cost estimates to provide assurance to ensure completeness and accuracy.
- Understanding of the oil and gas industry.
- Broad knowledge of industry and the application of benchmarks, lessons learned and best practices.
- Demonstrated ability to clearly understand the execution of work and the interfaces between engineering, procurement, fabrication, and hook-up and commissioning.
- Analyze cost estimates, identifying gaps, opportunities, risks, and challenge contractor estimates and basis.
- Collaborate with engineering, procurement, and project management teams to verify and refine estimated costs for material, labor, and indirect expenses.
- Lead development of Project Cost Estimates and Basis of Estimate (BoE) in alignment with Chevron Project Management System (CPMS) standards and requirements, including but not limited to, WBS, OBS, Project Schedules, Resource and Staffing Plan, and integration with funding request documentation.
- Lead development and maintenance of Estimate Plan for various phases of the project, in alignment with CPMS standards and requirements.
- Coordinate and support Cost Estimates Assurance Review engagements, ensuring deliverables are comprehensive, accurate, and aligned with Cost Engineering standards and project needs.
- Perform cost estimate coordination and oversight of contractor cost estimates, ensuring cost estimates are consistent, comprehensive, and accurate.
- Participate in cost and schedule risk assessment engagements, ensuring contingency is properly determined and incorporated in cost estimates and budgets.
- Proactively support development of cost models in advance of risk assessment engagements to ensure consistency and alignment with CPMS (Chevron Project Management) standards.
- Ensure Project Cost Estimates and Basis of Estimate (BoE) are revised with revision control, based upon cost assumptions and any cost estimate changes.
- Participate in developing Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS) as basis for project budgeting, cost control and forecasting.
- Critically review and analyze productivity and resource estimates, identifying impacts on cost and schedule, challenging the contractor's estimates as needed.
- Develop and implement procedures which tie estimates and budgets to appropriate project team members.
- Proactively support generation of quality cost estimating and budgeting reports and required documents for project Funding Appropriation and Business Planning.
- Support Project Management of Change (MOC) processes and procedures.
- Evaluate contingency to establish appropriate contingency drawdown strategy required to complete the project based on proper risk analysis.
- Experience with Aspen Capital Cost Estimator (ACCE) and/or QUE$TOR estimating software.
Chevron is a global energy company that develops and supplies oil, natural gas, and other energy products. It operates across the energy value chain, from exploring and producing crude oil and natural gas to refining, distributing, and selling fuels and related products. Its system includes upstream activities to find and extract energy, downstream activities to refine and market products, and investments in other energy sectors. Chevron differentiates itself through a long history of growth via strategic acquisitions, expansion beyond oil into natural gas and additional energy fields, and an integrated approach that combines exploration, production, refining, and marketing at scale. The company aims to maintain leadership in the global energy market by adapting to industry changes and expanding its energy mix to meet demand while delivering value to shareholders.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Ramon, California
Founded
1879
Simplify's Take
What believers are saying
- Production surged 15% to 3.9 million BOED in Q1 2026.
- $10 billion through 2028 funds renewables, hydrogen, and carbon capture.
- Share price rose 48.5% past year; returned $6 billion Q1.
What critics are saying
- Strait of Hormuz closure slashes Middle East output and hedging losses.
- 15-20% workforce layoffs by end-2026 from Houston HQ relocation.
- Kazakhstan Tengiz downtime cuts 10% upstream earnings and delays expansion.
What makes Chevron Corporation unique
- Chevron with Techron delivers superior fuels via proprietary additives.
- Chevron Phillips Chemical joint venture dominates petrochemicals with Phillips 66.
- El Segundo refinery pioneered US co-production of transportation biofuels.
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Benefits
Flexible Work Hours
Company News
As the US-Israel war with Iran enters its fifth week, American defence contractors and oil companies are reaping substantial profits whilst consumers face surging petrol prices approaching $4 per gallon. Defence stocks have surged, with Lockheed Martin jumping 25% this year after winning a contract to triple missile seeker production. Oil companies including ExxonMobil, Shell and Chevron have seen share prices rise over 20% as US crude nearly doubled from $65 to over $110 per barrel following Iran's blockade of the Strait of Hormuz. US oil producers could gain an additional $63 billion in profit, according to Rystad Energy. The situation mirrors 2022's Russia-Ukraine crisis, when global oil companies made $916 billion whilst American consumers faced record $5 per gallon petrol prices and 9% inflation.
Chevron's Wheatstone LNG facility in Western Australia remains offline for multiple weeks following damage from Cyclone Narelle, tightening global LNG supply at a time of existing market constraints. The extended outage introduces uncertainty around near-term earnings, delivery commitments and customer relationships. Trading at $206.90, Chevron shares sit roughly 3.4% above the analyst price target of $200.04, though approximately 44.6% below estimated fair value according to Simply Wall St. Recent momentum shows a 30-day return of about 10.8%. Investors are monitoring repair timelines, insured losses and how the disruption affects capital allocation across Chevron's LNG portfolio. The outage adds to existing concerns including a 3.44% dividend not fully covered by earnings and recent insider selling.
Microsoft and Chevron have signed an exclusivity agreement for a natural gas power plant in West Texas that would supply electricity to a data centre hub, though no final commercial terms have been agreed. The facility would initially generate 2,500 megawatts, potentially expanding to 5,000 megawatts, and could be operational by 2027. The plant would operate outside the public power grid as part of a broader "shadow grid" strategy, allowing developers to bypass lengthy grid connection processes. At least 47 similar data centre projects are under way nationwide, according to a Washington Post report. The development highlights tensions between AI expansion and climate commitments. Microsoft's emissions have risen over 23 percent since it announced climate goals, whilst new gas plants risk locking in fossil fuel use for decades.
KEWAZO, the robotics company transforming heavy industry worldwide, today announced a new funding round backed by Chevron Technology Ventures, Asahi Kasei, B...
ExxonMobil, Chevron and ConocoPhillips are positioned to benefit as oil prices approach $100 per barrel, following a challenging 2025 when earnings declined across all three companies due to lower crude prices. ExxonMobil's full-year net income fell 14% to $28.84 billion, whilst Chevron's dropped 30% to $12.30 billion and ConocoPhillips saw a 13.34% decline to $7.99 billion. However, all three achieved record production levels despite the earnings pressure. At current oil prices, ExxonMobil offers the strongest combination of dividend stability with 43 consecutive years of growth and a 2.64% yield. ConocoPhillips demonstrates greater earnings sensitivity to rising oil prices, whilst Chevron's recent Hess acquisition pushed production to record levels. The companies remain vulnerable to oil retreating to the low $60s range.