Overview
Description:
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world’s largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking a skilled and forward-thinking Economic Analyst to join the Domestic Analysis Department, within the Strategy & Market Analysis organization.
The Domestic Analysis department focuses on the domestic landscape and supporting our energy transition strategy within Saudi Arabia. The department is responsible for conducting detailed economic analyses, evaluating trends, and identifying economics opportunities as we advance toward a sustainable energy future.
The Senior Economic Analyst will bring a solid understanding of economic principles within the domestic energy sector and be passionate about contributing to our efforts in the global energy transition. Translating economic data and energy transition trends into strategic business recommendations.
Key Responsibilities
As a successful candidate, you will be required to perform the following:
- Conduct comprehensive economic analyses of the domestic market, including evaluating market trends, pricing, and demand-supply dynamics within Saudi Arabia.
- Assess the financial performance of the company’s domestic operations, identifying risks and opportunities to optimize profitability and efficiency in alignment with both traditional and net zero emission objectives.
- Support the company’s energy transition strategy by analyzing economic opportunities in new energies (renewable, hydrogen, CCUS, etc), energy efficiency, and other sustainable initiatives within the Kingdom.
- Monitor regulatory and policy developments in the Saudi energy market, assessing their economic implications for the organization and its transition goals.
- Collaborate with cross-functional teams, including finance, strategy, and sustainability, to integrate economic insights with our broader energy transition objectives.
- Provide scenario analysis and forecasts on the impact of energy transition policies on the domestic economy.
- Prepare reports, presentations, and forecasts on economic indicators affecting oil, gas, and new energies (renewable, hydrogen, CCUS, etc) markets to inform strategic decision-making.
- Utilize advanced data analytics and statistical tools to support decision-making, including scenario planning and sensitivity analyses for energy transition scenarios.
Minimum Requirements
As a successful candidate you will have:
- Bachelor’s degree in Business, Management or Engineering. A master degree in Public Policy, Political Science, Law, Energy Economics, or a related field is highly preferred.
- Minimum 12 years experience in economic analysis within the oil and gas, energy, or sustainability sector.
- Strong analytical skills with a proven ability to interpret complex data, including new energies (renewable, hydrogen, CCUS, etc) metrics and trends.
- Proficiency in statistical software and data analysis tools (e.g., Excel, R, Python, or other relevant tools).
- Knowledge of Saudi Arabian energy market dynamics, regulatory environment, and energy transition policies.
- Ability to work independently and collaboratively with cross-functional teams.
- Familiarity with economic and financial databases (e.g., Bloomberg, Thomson Reuters) and sustainability reporting standards.
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.
Job ID: 15407
About Saudi Aramco
Saudi Aramco is the world’s largest integrated oil and gas company; its upstream operations are based in the Kingdom of Saudi Arabia and it also operates a global downstream business. Headquartered in the city of Dhahran, the company operates in eight locations within the Kingdom and 20 locations overseas, and employs around 76,000 people.
