Trading at Energy Company

For those of you have been through the process, what is the best way to prepare for a Trading interview at one of the large energy companies (Exxon, BP, Shell, etc.)

Are the interviews as technical as S&T interviews at the banks? If you can give some pointers on what resources to use, topics to look over, points to hit on during the interview and such I would appreciate it. Thanks

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Best Response

Read the vault guide to the energy industry. It provides a great primer to the entire industry, which is great if you're interviewing with actual production companies. They want to know that you understand their core business and where the marketing/trading aspect of your job falls into place. It has a great section on trading that will give you a solid foundation. I secured an offer at an energy company just by reading the Vault guide for my preparation.

From my experience, interviews with the energy companies are much less technical. I have had interviews with both (for energy trading positions) and the banks are wayyy more technical and analytical. BP really tested my knowledge of the economy and economics but I feel like I set myself up for that one. The banks were big on probability.

If you really want brownie points in an interview and you have the time, read the book "Trading Natural Gas". It isnt a hard read at all and will cover everything you need to know. I feel like if you just mention that you've read it in an interview you will get some points. However, you need to be prepared to back it up. The book covers everything from pyhsical trading to financial trading and goes into some good detail on swaps and other products.

Hope this is helpful. Sorry its kind of scatterbrained... let me know if you have any specific questions.

 

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