Occidental Petroleum Corporation

Day-Ahead Asset Optimizer/Trader

Occidental Petroleum Corporation • $90K — $120K *
Houston, TX 77084In-Person
Energy & Utilities
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in data science, engineering, mathematics, finance, or related field, or equivalent experience.
  • Minimum of 1 year of experience in ERCOT and/or MISO power asset optimization, scheduling, analytics, generation operations, or energy trading.
  • Proven experience with ERCOT and/or MISO market participation, including generation dispatch, day-ahead bidding, and ancillary services (preferred).
  • Strong analytical skills to make decisions in fast-paced environments (preferred).
  • Advanced knowledge of ERCOT and/or MISO transmission constraints and settlement processes (preferred).
  • Familiarity with ISDA, NAESB, and other industry-standard agreements (preferred).
  • Proficiency in energy market analytics, forecasting models, and trading systems (preferred).

Responsibilities

  • Develop and implement strategies to maximize the economic value of ERCOT and/or MISO generation assets.
  • Identify and evaluate price/risk trade-offs in operating strategies considering various market dynamics.
  • Coordinate with plant operations to align generation output with market opportunities.
  • Manage bid submissions and resource offers to ensure compliance and profit maximization.
  • Monitor and analyze power positions; recommend adjustments to optimize portfolio value and hedge exposures.
  • Execute short-term trades to balance portfolio requirements.
  • Research market fundamentals and develop forward market strategies.

Benefits

  • Collaborative work environment with the opportunity to engage with regulatory teams.
  • Professional development opportunities including mentorship of junior team members.
  • Involvement in industry forums and working groups enhancing professional visibility.
  • Access to advanced market analytics tools and data forecasting techniques.
  • Participation in strategic planning and asset investment decisions with senior management.
Full Job Description
Based in Houston, Texas, OxyChem's Power Group manages a diverse portfolio of cogeneration facilities and oversees significant electrical loads across the United States. Operating at the intersection of market strategy and technical excellence, the team maintains continuous engagement with both MISO and ERCOT, ensuring seamless operational compliance with all ISO protocols. With a sharp focus on market dynamics and asset optimization, the Power Group strategically positions OxyChem's portfolio to capture value, drive profitability, and enhance competitive advantage in the evolving energy landscape. We are seeking a MISO and/or ERCOT Day-Ahead Asset Optimizer/Trader to join our commercial operations team. The Day-Ahead Asset Optimizer/Trader will be responsible for optimizing the value of the company's ERCOT and/or MISO generation portfolio through strategic market participation, scheduling, asset optimization, and risk management. This role requires famialrity with ERCOT and/or MISO markets, strong analytical skills, and the ability to coordinate across operations, trading, and risk functions to achieve commercial objectives Essential Job Duties:
  • Develop and implement day-ahead and real-time strategies to maximize the economic value of ERCOT and/or MISO generation assets.
  • Identify and evaluate price/risk trade-offs in power system operating strategies, considering transmission constraints, generation capabilities, renewable forecasts, and fuel supply dynamics.
  • Coordinate with plant operations to align generation output with market opportunities and reliability obligations.
  • Manage ERCOT and/or MISO bid submissions, resource offers, and ancillary service participation to ensure compliance and profit maximization.
  • Oversee scheduling and dispatch of controllable load resources in coordination with real-time operations.
  • Monitor and analyze the company's ERCOT and/or MISO power positions; recommend adjustments to optimize portfolio value and hedge market exposures in accordance with approved risk limits.
  • Execute short-term trades and transactions to balance portfolio requirements.
  • Coordinate plant outage timing with resource planning to maximize availability during periods of high profitability.
  • Partner closely with the Regulatory team to develop, align, and execute strategic positions on regulatory matters impacting market participation, asset optimization, and commercial objectives.
  • Collaborate with credit, contracts, and counterparties to establish new commercial opportunities.
  • Research ERCOT and/or MISO market fundamentals, regulatory changes, and industry trends to develop forward market strategies.
  • Maintain up-to-date knowledge of ERCOT and/or MISO protocols, market rules, and transmission tariff structures.
  • Provide market insights to senior management for strategic planning and asset investment decisions.
  • Partner with real-time operations, chemical facilities, and risk management to align commercial strategies with operating constraints.
  • Work closely with IT and data analytics teams to enhance bidding, forecasting, and asset optimization tools.
  • Ensure operational compliance with FERC, NERC, ERCOT and/or MISO, and other applicable regulatory requirements.
  • Lead and mentor junior team members, sharing ERCOT and/or MISO market and asset management expertise.
  • Account for all preschedule and day-ahead transactions and ensure accurate communication to back-office teams.
  • Prepare periodic asset performance and portfolio optimization reports for internal stakeholders.
  • Represent the company in ERCOT and/or MISO -related industry forums, committees, and working groups
Qualifications:
  • Bachelor's degree in data science, engineering, mathematics, finance, or a related field, or equivalent experience.
  • Minimum of 1 year of experience in ERCOT and/or MISO power asset optimization, scheduling, analytics, generation operations, or energy trading
Preferred Qualifications:
  • Proven experience with ERCOT and/or MISO market participation, including generation dispatch, day-ahead bidding, and ancillary services.
  • Strong ability to analyze market data, identify commercial opportunities, and make decisions in fast-paced environments.
  • Advanced knowledge of ERCOT and/or MISO transmission constraints, dispatch protocols, and settlement processes.
  • Familiarity with ISDA, NAESB, and other industry-standard agreements.
  • Proficiency in energy market analytics, forecasting models, and trading systems.

About Occidental Petroleum Corporation

Occidental Petroleum Corporation Careers

Join the dynamic team at Occidental Petroleum Corporation, a leader in the energy sector, and propel your career to new heights in an environment that fosters innovation, leadership, and professional growth.

Work You’ll Do

At Occidental Petroleum Corporation, we offer more than just job opportunities; we provide a platform for you to make a substantial impact on the future of energy. Our team is at the forefront of developing sustainable and efficient energy solutions, and we invite you to bring your skills and passion to our global mission.

Transform Your Career

Occidental is not just a company; it's a place where you can shape your future and the future of the planet. Our diverse and inclusive culture welcomes professionals from all backgrounds to contribute to our collective success. With Occidental, you will lead projects that matter, from groundbreaking CO2 reduction initiatives to innovative energy production techniques.

Innovative Work Environment

Join a team of over 11,000 dedicated professionals who are pushing the boundaries of what's possible in the energy sector. At Occidental, innovation is at the core of everything we do. We are committed to providing our employees with the tools and freedom they need to innovate, from advanced technology platforms to collaborative workspaces.

Career Development and Growth

Occidental believes in nurturing its talent with robust training programs, leadership development opportunities, and comprehensive benefits to ensure every team member can achieve their career aspirations. Whether you are looking for a challenging internship, aiming to grow into a leadership position, or seeking to specialize in a technical discipline, Occidental offers a path to success.

Explore Job Opportunities and Internships

Whether you're a seasoned professional or a recent graduate, Occidental has a variety of positions to match your skills and interests. From engineering to finance, and from environmental science to supply chain management, explore the numerous career paths available at Occidental.

Networking and Professional Development

At Occidental, networking and professional development are part of our DNA. We encourage our employees to engage in internal and external networking events, participate in industry conferences, and take advantage of our comprehensive diversity training programs. These opportunities not only enhance your professional skills but also expand your career horizons.

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Explore Careers at Occidental

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Learn more about Occidental Petroleum Corporation
Size
11,678 employees
Market Cap
$56.5 billion
Industry
Energy & Utilities
Net Income
-$14.8 billion
Founded
1920
5 Year Trend
+20.7%
Revenue
$17.9 billion
NASDAQ
OXY
* Ladders Estimates

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