Senior Natural Gas Fundamentals Analyst

Texas, United States of America

Job Family Group:

Trading Jobs

Worker Type:

Regular

Posting Start Date:

February 2, 2026

Business Unit:

Trading and Supply

Experience Level:

Experienced Professionals

Job Description:

What's the role?

Shell Energy North America is seeking a Senior Natural Gas Fundamentals Analyst individual to join our long term North America fundamental analysis team embedded in the Trading division. This position is responsible for developing medium (2 to 5 year time horizon) and long term (5 to 20+ years) natural gas analytics using the GPCM tool. The successful candidate will work closely with all other analysts withing the team. In addition, this role is responsible for bringing all the internally derived Supply and Demand views together and modeling those forecasts within GPCM to derive the long term price forecast by region. The long term natural gas demand analyst will be responsible for generating long term demand views (Industrial and LNG Exports) and extracting the essential components that will drive natural gas demand and ultimately influence natural gas prices. This role primarily supports our E&P side of the business with analysis developed from a deep understanding of the key drivers such as: Macroeconomics, GDP Forecasts by industry, GTL, LNG Exports, etc. This position must build credibility with internal customers so that such foresight can be translated into commercial gain primarily in the E&P side of the business function but also in Trading. The emphasis is on developing both qualitatively and quantitatively advantaged capabilities, supported as appropriate by models, tools and techniques that yield high quality insight. Collaborating with peers in the Fundamentals team to build scalability in this respect is essential.

What you'll be doing

• Develop own demand view (excluding power generation) of regional gas market fundamentals - be able to logically, clearly and as necessary, provocatively articulate this view to the customer base. Identify and evaluate the implications of major trends and developments in the regional gas markets.
• Develop long dated LNG export view - this will require understanding global indicators that influence the domestic market.
• Develop tools and models to enhance the quality and accuracy of forecasts, with emphasis on building price, regional demand.
• Consolidate regional supply/demand views into GPCM and generate price forecasts by region.
• Expand contacts, both internally and externally, to improve the quality and timeliness of intelligence.
• Maintain positive relationship with external consultants and leverage information and analysis that they provide in order to maximize productivity in supporting Shell Energy North America.
• Capture synergies between the near- and long-term Fundamentals teams.
• Must have excellent communication and presentation skills.
• Build strong networks across the Shell network.

What you bring

• The candidate must have legal authorization to work in the US on a full-time basis
• BA in Engineering/Mathematics/Economics/Econometrics/Business/Finance, MBA or PhD preferred
• 3 or more years of GPCM experience
• 3 or more years of North America Natural Gas Fundamentals experience
• Must be able to develop Fundamental views based on quantitative analysis that will be translated into profitable trades
• Demonstrated understanding of gas supply and demand fundamentals
• Comfort level with technology-based research given the ability to manage multiple high priority tasks
• Strong interpersonal skills and the ability to build relations at multiple levels and across teams
• Exceptional communication and presentation skills, both written and oral
• Ability to filter multiple perspectives for commercially actionable intelligence
• Proficiency with typical Microsoft Office applications

What we offer

The base salary range for this position is $149,000 - $223,000 per year. Individual pay will be based on various factors such as relevant work experience, education, certifications, skill level, seniority, and internal equity.

For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave for birthing parents, and 8 weeks of paid leave for non-birthing parents.

Additionally, employees are eligible for short-term disability leave for up to 26 weeks at 100% or 50% of base pay as well as Long-Term Disability insurance. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell's US benefit programs can be found at

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You'll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You'll be able to balance your priorities as you become the best version of yourself.

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Benefit from flexible working hours, and the possibility of remote/mobile working.
• Perform at your best with a competitive starting salary and annual performance related salary increase - our pay and benefits packages are considered to be among the best in the world.
• Take advantage of paid parental leave, including for non-birthing parents.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
• Grow as you progress through diverse career opportunities in national and international teams.
• Gain access to a wide range of training and development programmes.

We'd like you to know that Shell has a bold goal: to become one of the world's most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here

Shell in The United States

Shell has been in the US for more than 100 years, leading the sector in energy, petrochemicals and refined products. Today, we provide millions of Americans with the energy needed to heat and cool their homes and power the economy.

We operate in all 50 states, from our Deep Water platforms in the Gulf of America to the Pennsylvania Chemicals complex and our miles of pipelines throughout the US.

We reach our customers through our 13,000 branded retail stations, and we are number 1 in gasoline sales. We also own the #1 brand of motor oil in the U.S. - Pennzoil® - made from natural gas.

We are excited to play a key role in the move to net carbon emissions while providing the oil and gas needed by society for many decades to come

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