Cost Engineer
Posted 13 Oct 2026
Advertised as “Cost Engineer - Associate”
BranchFactor Summary
The original posting with the fluff stripped out
- Expected experience
- 5+ yrs
- Management level
- Individual contributor
No salary listed for this role.
Field of studyBusiness, Engineering, Finance (or related)
Study levelBachelor's or higher
About us
At ExxonMobil, our vision is to lead in energy innovations that advance modern living while reducing emissions. As one of the world’s largest publicly traded energy and chemical companies, we are powered by a unique and diverse workforce fueled by the pride in what we do and what we stand for.
The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies.
We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet society’s evolving needs. Learn more about our What and our Why and how we can work together.
Summary
The Cost Engineer in Procurement/Sourcing Solutions is responsible for developing accurate and comprehensive cost estimates, delivering business value analyses, and supporting procurement strategies across all project stages—from early concept through booking.
The position combines deep cost engineering expertise with strong analytical, financial, and project management skills. The role ensures robust cost models, identifies value opportunities, validates realized savings entries, and drives continuous improvement in procurement performance. Collaboration with global stakeholders, Category Management, and cross-functional business partners is essential.
Key Interfaces
- Procurement Categories
- DAS & Oversight Teams
- Sourcing Solutions Teams
- Product Solutions
- Finance / Controllers
- External Data Providers
- Cross-functional project teams
Core Responsibilities
1. Cost Engineering & Procurement Support
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Develop accurate cost estimates using industry-standard methodologies (Should-Cost, TCO, indexation models, benchmarking).
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Prepare and present business value opportunities, including cost reduction, cost avoidance, and competitiveness insights.
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Perform financial analysis, assessing spend trends, margins, supplier economics, and market movements.
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Lead cost engineering analyses and provide recommendations to enhance procurement strategies.
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Prepare key deliverables including cost models, project one-pagers, category training materials, and presentations.