Job descriptionWhere you fit in As a member of the Commercial department in Shell UK Upstream, you will have the opportunity to shape the future and create long term value for the Group, building on our existing oil and gas business and driving towards a cleaner energy portfolio. The Commercial department provides commercial support to both the operated and non-operated oil and gas business, pursues Mergers and Acquisitions activities, drives energy transition projects and provides economic analysis across the asset and projects portfolio. As an integral part of the Commercial department, the Economics team (8 persons strong) provides economics support for all aspects of the UK Upstream business: capital investments, commercial negotiations, business planning and reserves reporting. What’s the role? As an Upstream and Energy Transition Economist you will: Act as a core member of multi-disciplinary teams, contributing to quality conversations by integrating valuation assumptions in decision analysis and delivering value insights to decision makers. Deliver commercially sound, accurate, timely and fit-for-purpose economic analysis that supports efficient and effective decision making (including appropriate Risk and Uncertainty analysis). When necessary, modify, build and assure new economic models to cope with changes in business models and/or commercial architecture. Support and influence the preparation of commercial negotiating strategies and other external submissions as required by the business. Lead or provide economics support to the business planning and reserves reporting processes for your assigned assets / projects across the Economics team. Support strategy work and Energy Transition / New Business / Exploration activities as required. What we need from you We have multiple roles for candidates with varying levels of relevant experience. Substantial Upstream or Energy Transition experience. Prior commercial / valuation experience. Demonstrable expertise in constructing and developing discounted cashflow models will be an advantage. Strong numeracy skills – able to pay attention to detail whilst not losing sight of the bigger picture. Performance focus – performs with a high degree of independence and delivers as promised. Stakeholder management skills – manages the balance between support and challenge. Integration – willing to lead and integrate across functions to solve problems. Continuous improvement – always seeking to improve, displays a learner mindset. Proven leadership skills. Able to build an environment where care, diversity and inclusion are at the core. If you don't see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone often applies when they don’t feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply. We look forward to receiving your application. Company Description Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK’s growing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy. As well as processing 35% of the gas coming into the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors. An innovative place to work There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change. Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future – whether by investing in oil, gas and renewable energy to meet demand, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part. An inclusive place to work To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential. We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there. We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology. We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity. We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application. A rewarding place to work Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice. We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.
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