Natural Gas Storage Trader

We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. Our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork – guide how we deliver strong performance in a dynamic business.

About the role

ConocoPhillips is seeking a highly motivated Natural Gas Storage Trader to join its North America Gas and Power business. This position is responsible for managing and optimizing a portfolio of natural gas storage assets across the Lower 48 United States. The successful candidate will combine commercial acumen, market expertise, and disciplined risk management to maximize the value of storage assets while supporting broader trading and marketing objectives.

Responsibilities

• Manage and optimize forward basis and time-spread positions associated with the storage asset portfolio.
• Develop and execute trading strategies to achieve profit and loss targets while maintaining compliance with applicable risk limits.
• Monitor market fundamentals, supply and demand trends, storage inventories, transportation constraints, and regional pricing dynamics.
• Evaluate market opportunities and execute transactions that generate risk-adjusted returns.
• Apply disciplined risk management practices to ensure compliance with delegated trading authorities and risk policies.
• Maximize value from storage assets through physical and financial optimization strategies.
• Identify and capture market opportunities in forward and prompt markets.
• Provide commercial input regarding storage acquisition requirements and optimization opportunities across regional trading teams.
• Partner with physical trading teams to enhance portfolio performance and operational flexibility.
• Build and maintain productive relationships with customers, counterparties, and market participants.
• Collaborate with Physical Traders, Risk Management, Compliance, Legal, Settlements, and Operations teams to achieve business objectives.
• Support franchise growth through customer engagement, market intelligence, and commercial opportunity development.
• Ensure trading activities comply with internal policies, delegated authorities, and regulatory requirements.
• Maintain accurate trade capture, documentation, and transaction records.
• Partner with Risk, Compliance, and Audit teams to support governance processes and controls.
• Conduct business activities in a manner consistent with ConocoPhillips' values and ethical standards.
• Foster a collaborative, high-performing trading environment.
• Mentor and support the development of junior traders and commercial professionals.
• Prepare and deliver high-quality internal reports, market summaries, and commercial presentations.

Requirements

• Legally authorized to work in the United States on a full-time basis.
• Bachelor's degree or higher in Business, Finance, Economics, Engineering, Mathematics, Science, or a related discipline.
• 10+ years of experience in natural gas trading, storage optimization, basis trading, time-spread trading, or closely related commercial activities.
• Working knowledge of North American natural gas markets, infrastructure, and commercial practices.
• Proficiency with Microsoft Excel, Word, and PowerPoint.
• Ability to support commercial operations during bid week, weekends, holidays, and outside normal business hours as needed.

Preferred Qualifications

• Extensive experience optimizing natural gas storage assets in physical and financial markets.
• Deep understanding of North American natural gas fundamentals, storage economics, and regional market dynamics.
• Demonstrated success delivering commercial results and achieving profit and loss objectives.
• Strong understanding of risk management principles, market risk frameworks, and compliance requirements.
• Knowledge of natural gas contracts, FERC regulations, and relevant industry practices.
• Proven ability to make sound commercial decisions in a fast-paced and dynamic trading environment.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication and relationship-building capabilities with internal and external stakeholders.
• Experience mentoring, coaching, and developing less experienced traders.
• Demonstrated ability to collaborate across organizational boundaries and influence results through partnerships.
• Recognized credibility and professionalism within the natural gas industry.

Benefits

• Taking Care of Your Health & Wellness: Medical, dental, vision, mental health support, and wellness programs.
• Supporting and Building Financial Security: Competitive base pay, annual performance bonuses, and retirement savings plans.
• Promoting Work-Life Balance: Paid time off, paid parental leave, and family support resources.
• Offering Career Development: Access to training, mentoring, and internal career mobility tools.
• Guiding Recognition & Inclusion: Peer-nominated awards, inclusive culture, and employee resource groups.

At ConocoPhillips, we believe our people power the future of energy. We’re committed to creating a workplace where employees feel valued, supported, and inspired to grow—professionally and personally.