BP

Planning Analyst

BP • $97K — $135K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2 - 5 years of upstream oil & gas engineering experience, preferably in relevant disciplines such as reservoir, drilling/completions, production, or operations.
  • B.S. in Petroleum, Mechanical, Chemical, Civil Engineering or Finance.
  • Self-starter with minimal supervision required.
  • Experience with planning software (DSO/DSOCX, Enersight, Pod2) and data analytics tools (Spotfire, Power BI) is a plus.
  • Effective communicator adept at building informal networks across teams.

Responsibilities

  • Coordinate and support long-term planning and scenario analysis.
  • Collaborate with asset teams to understand economic assumptions and constraints.
  • Challenge and validate technical and economic assumptions in forecasts.
  • Prepare variance analysis with financial narratives on KPI changes.
  • Support economic evaluations to assess asset value and potential impairment charges.
  • Assist in portfolio management and business development efforts.
  • Drive continuous improvement and standardization initiatives.

Benefits

  • Access to health, vision, and dental insurance.
  • Flexible working schedule.
  • Generous paid time off policy.
  • Discretionary annual bonus and long-term incentive programs.
  • 401K matching program.
Full Job Description

Job Family Group:

Finance Group


Job Description:

Role Available in Houston, Texas or Denver, Colorado


The Planning Analyst is an individual contributor position and works closely with our Development, Operations and Central Functions teams. The Planning team role is to 1) translate asset development / operating plans into forecasts to feed scenario modeling 2) identify development constraints / opportunities to optimize bpx’s capital allocation; 3) support bpx planning and budgeting processes and consolidate input from asset teams for bpx rollup; 4) provide variance reporting and analysis as needed; 5) coordinate capital allocation process and align asset team requirements; and 6) support year-end resource commercial / reporting activities.


As a member of the finance team, the analyst will be part of a very collaborative group, where people are willing to step out of their roles to help others. All members of finance team serve as trusted commercial advisors to the business.

Key accountabilities include


  • Coordinate and support long-term planning and related scenario analysis
  • Collaborate with asset teams (development and operations) to gain an in-depth understanding of key economic assumptions, organizational priorities, and asset constraints
  • Challenge and validate key technical and economic assumptions underlying asset plans and forecasts
  • Prepare variance analysis and concise financial narratives explaining changes in forecasts / KPIs versus prior periods and targets
  • Support reserves / economic evaluation workflows by maintaining models to derive asset value / need for impairment charges
  • Support portfolio management and business development activities
  • Actively work on continuous improvement of current and new processes.  Drive bpx standardization and performance improvement initiatives as needed.  
  • Work should be accurate and timely
  • Other duties as needed

Essential criteria & qualifications


  • 2 - 5 years of upstream oil & gas engineering experience, preferably in reservoir, drilling/completions, production, facilities, or operations.
  • B.S. in Petroleum, Mechanical, Chemical, Civil or related Engineering or Finance

Desirable criteria & qualifications


  • Self-starter, works with minimal direction
  • Data-driven decision-making capabilities
  • Ability to quickly analyze large volumes of data, recognize trends, develop solutions to business issues and recommend preferred alternatives
  • Experience with DSO / DSOCX or other planning software experience (Enersight, Pod2)
  • Experience with data analytics and visualization tools (Spotfire, Power BI) is a plus
  • Proven ability to manage competing priorities in a fast paced environment
  • Ability to effectively interface, influence and build alignment with individuals, multi-discipline teams and all levels in the organization
  • Effective communication and people skills; ability to develop and use informal networks
  • Experience with enterprise resource planning software like SAC-Planning. 
  • Experience with reserves / impairment testing workflows


Salary and Benefits


We offer a reward and wellbeing package to enable your work to fit with your life. These can include, but not limited to, access to health, vision and dental insurance, flexible working schedule, paid time off policy, discretionary annual bonus program, long-term incentive program, and a generous 401K matching program. How much do we pay (Base) $97,000 - $135,000


*Note that the pay range listed for this position is a good faith and reasonable estimate of the range of possible base compensation at the time of posting.


Travel Requirement:

Negligible travel should be expected with this role


Relocation Assistance:

This role is not eligible for relocation


Remote Type:

This position is a hybrid of office/remote working


Skills:

Accounting policy, Accounting policy, Accounting Processes and Financial Systems, Agility core practices, Agility tools, Analytical Thinking, Business Acumen, Business process control, Business process improvement, Collaboration, Commercial Acumen, Communication, Creativity and Innovation, Credit Management, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Fluency, Financial Reporting, Influencing, Internal control and compliance, Management Reporting, Managing change, Presenting {+ 4 more}

.

​

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000 and Aral AG in 2002. The company's name was shortened to BP p.l.c. in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia, and from 2013 until Russia's 2022 invasion of Ukraine, held a nearly 20% stake in Rosneft.
Learn more about BP
Size
65,900 employees
Market Cap
$104.4 billion
Industry
Net Income
-$20.3 billion
Founded
1909
5 Year Trend
-2.9%
Revenue
$180.3 billion
NASDAQ

Similar Jobs

More Jobs at BP

More Energy & Utilities Jobs

Find similar Planning Analyst jobs: