Cost Engineer
Spring, TX, US
About us
At ExxonMobil, our vision is to lead in energy innovations that advance modern living and a net-zero future. As one of the world’s largest publicly traded energy and chemical companies, we are powered by a unique and diverse workforce fueled by the pride in what we do and what we stand for.
The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies.
We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet society’s evolving needs. Learn more about our What and our Why and how we can work together.
About Houston
ExxonMobil's state-of-the-art campus north of Houston serves as home to its Upstream, Product Solutions and Low Carbon Solutions businesses and their associated service groups. The facility opened in 2014 and accommodates more than 10,000 employees and visitors.
By bringing many global functional groups together, the campus provides employees with the tools and capabilities needed today, and in the future, to achieve business objectives and accelerate the discovery of new resources, technologies and products. It was designed to foster improved collaboration, creativity and innovation and enhance the company’s ability to attract, develop and retain the top talent in the industry.
The campus is located in Spring, Texas, on 385 wooded acres immediately to the west of Interstate Highway 45 (I-45), at the intersection of I-45 and the Hardy Toll Road, approximately 25 miles from the cultural vibrancy of downtown Houston.
The campus was constructed to the highest standards of energy efficiency and environmental stewardship. Its design incorporates extensive research into best practices in building and workplace design through extensive benchmarking of the world’s top academic, research, and corporate facilities.
Learn more about what we do in Houston here.
What role you will play in our team
The Procurement Cost Engineer within the Business Enablement team plays a critical role in driving value across the supply chain by developing accurate and comprehensive cost estimates for materials, equipment, and services used in oil & gas operations. This individual contributor role combines hands-on analytical work with strategic collaboration, supporting procurement decisions through cost modeling, benchmarking, and value analysis. Approximately 30–50% of time spent on hands-on analytical work. Remaining time focused on collaboration, stakeholder engagement, and strategic influence.
Job location is Spring, TX.
What you will do
- Lead cost engineering initiatives to support procurement strategies across upstream, midstream, and downstream operations
- Develop and maintain cost models for key categories including but not limited too; drilling services, fabrication, maintenance, logistics, and engineered equipment.
- Perform detailed cost analyses including should-cost modeling, total cost of ownership (TCO), internal/external benchmarking, and indexation studies
- Identify and quantify business value opportunities such as cost reduction, cost avoidance, and performance enhancements
- Present actionable insights and recommendations to Procurement and Business Line stakeholders to influence sourcing decisions and contract negotiations
- Collaborate with cross-functional global teams including Engineering, Finance, Category Management, and Operations to validate assumptions and align on cost strategies
- Monitor market trends, commodity indices, and supplier cost structures to ensure models remain current and relevant
- Support continuous improvement initiatives by identifying process inefficiencies and recommending enhancements to procurement workflows
- Develop and maintain intiative reports, executive summaries, training material and project presentations, Azure capacity updates, sharepoint lists, Business updates, etc.
About you
Skills and Qualifications
General:
- Bachelor’s degree in Engineering, Supply Chain, Finance, or a related field
- Minimum 2 years of experience in cost engineering, procurement, or supply chain
- Strong analytical skills with proficiency in Excel and cost modeling tools; experience with ERP systems (e.g., SAP) preferred
- Proven ability to manage multiple costing studies and deliver insights under tight timelines.
- Excellent communication and stakeholder engagement skills, with the ability to influence across functions and geographies
- Self-starter with a high level of ownership and accountability
Technical Skills:
- Cost Estimation: Experience in developing accurate cost estimates using various methodologies
- Financial Analysis: Ability to analyze financial data, understand spend, profit margins, and perform cost-benefit analyses.
- Project Management: Knowledge of project management principles, including planning, scheduling, etc.
- Engineering Principles: Understanding of engineering concepts and practices related to the industry (e.g., construction, manufacturing).
- Software Proficiency desired: Tableau, PowerBI, SharePoint, SQL
Analytical Skills:
- Data Analysis: Strong analytical skills to interpret complex data sets and extract meaningful insights.
- Problem-Solving: Ability to identify problems, evaluate alternatives, and implement effective solutions.
- Accuracy: High attention to detail to ensure precise cost estimation and reporting, minimizing errors and discrepancies
Communication Skills:
- Verbal Communication: Strong oral communication skills to convey technical information effectively to stakeholders, including non-technical audiences. Facilitates meetings and discussions to address concerns and provide updates.
- Written Communication: Proficiency in writing clear and concise reports, proposals, and project documentation.
Negotiation Skills:
- Contract Negotiation: Ability to negotiate contracts with suppliers and stakeholders to achieve the best financial outcomes.
- Persuasion: Effective persuasive skills to advocate for cost-saving measures and influence decision-making.
Interpersonal Skills - Team Collaboration: Ability to work collaboratively with cross-functional teams, including procurement, finance, and engineering.
- Relationship Management: Skills to build and maintain strong relationships with suppliers and internal stakeholders.
- Prioritization: Ability to manage multiple tasks and deadlines effectively to meet project timelines.
- Training: Provide training and support to junior cost engineers and other team members on cost estimation practices and tools.
Others:
- Market Awareness: Understanding of market trends, economic factors, and pricing strategies relevant to the industry
- Adaptability: Willingness to stay updated with industry trends, new technologies, and best practices in cost engineering, contributing to continuous improvement initiatives by identifying opportunities to enhance cost estimation processes and methodologies
Preferred Qualifications/ Experience
- Bachelor’s degree in Engineering
- 3 years experience in the Oil and Gas Industry
- 5 years of experience in cost engineering, procurement, or supply chain
Your benefits
An ExxonMobil career is one designed to last. Our commitment to you runs deep: our employees grow personally and professionally, with benefits built on our core categories of health, security, finance, and life.
We offer you:
- Pension Plan: Enrollment is automatic and at no cost to you. The basic benefit is a monthly annuity to be paid to you in retirement for the rest of your life
- Savings Plan: You can contribute between 6% and 20% of your pay and are encouraged to enroll right away. If you contribute at least 6% to your savings plan, the Company will contribute a 7% match
- Workplace Flexibility: We have several programs such as “Flex your Day”, providing ad-hoc flexibility around when and where you work, as well as longer-term programs such as leaves of absence and part-time work
- Comprehensive medical, dental, and vision plans
- Culture of Health: Programs and resources to support your wellbeing
- Employee Health Advisory Program: Provides confidential professional counseling for you and your family, including tools and resources promoting mental health and resiliency at no additional cost to you
- Disability Plan: Income replacement for when you cannot work due to illness or injury occurring on or off the job. Enrollment is automatic and at no cost to you
More information on our Company’s benefits can be found at www.exxonmobilfamily.com.
Please note benefits may be changed from time to time without notice, subject to applicable law.
Stay connected with us
EEO statement
ExxonMobil is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, citizenship status, protected veteran status, genetic information, or physical or mental disability.
Nothing herein is intended to override the corporate separateness of local entities. Working relationships discussed herein do not necessarily represent a reporting connection, but may reflect a functional guidance, stewardship, or service relationship.
Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity, those terms and terms like corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Abbreviated references describing global or regional operational organizations and global or regional business lines are also sometimes used for convenience and simplicity. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer, and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships.
Job ID : 81637
Nearest Major Market: Houston
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