Phillips 66 & YOU - Together we can fuel the future
The Distillate Trader will develop and execute discretionary distillate trading opportunities within both hedge and spec books to optimize assets while adding incremental value.
Responsibilities May Include
Participating within the Global Distillate Trading Team (including Global ULSD, Gulf Coast, Mid-Continent, East Coast) to evaluate and pursue trading opportunities. Developing a comprehensive understanding of internal and external distillate production & consumption requirements as well as arbitrage capture economics. Expressing market view/taking risk via speculative derivative instruments including basis swaps. Coordinating with various Phillips 66 refinery planners & personnel to understand potential Phillips 66 refinery optionality to maximize netback to various domestic and foreign distillate markets. Maximizing trading revenue by adding value to Phillips 66 clean product trading opportunities. Developing a detailed understanding of pricing methods, liquid financial instruments, and managing risk. Establishing market views and positions to extract discretionary value from market. Negotiate term and spot contracts at multiple locations Capturing storage and arbitrage opportunities. Enter and maintain contracts in SAP.
Required Qualifications
Preferred Qualifications
Knowledge of pipeline and waterborne scheduling Broad understanding of the transportation and logistics business, including marine logistics, pipeline logistics, and chartering Track record of developing trading strategies based upon fundamentals/market views and translating said strategies into profitable trades. Flexible; able to reassess market conditions and adjust market views and positions Good social skills; comfortable in working with external and internal entities Understanding of refining optimization; experience working within a refining system An understanding of broader commodity markets (Crude, Gasoline, Distillates, Freight, NGLs, Natural Gas) High degree of collaborative skills. Ability to develop, lead and actively participate on cross functional teams High degree of initiative, works proactively to anticipate needs Excellent written, oral communication, inter-personal and presentation skills High degree of collaborative skills; ability to develop, lead and actively participate on teams Strong communication skills, both verbal and written to ensure clarity and common understanding Strong analytical, problem solving, and organizational skills Ability to adapt to quickly evolving requirements Proactive in problem identification and resolution, can provide creative solutions to complex issues High degree of ethics, personal drive, and dedication to achieve team goals and general interest objectivesThe Commercial organization works to effectively leverage assets and market knowledge to create additional value within the risk parameters of the Company. We do this by maximizing general interest profitability, enhancing return on capital employed by successfully partnering with the Refining, Transportation and Marketing functions to ensure Value Chain Integration. Our truck and rail fleets support our feedstock and distribution operations. Rail movements are provided via a fleet of more than 10,000 owned and leased rail cars. Truck movements are provided through numerous third-party trucking companies, as well as through our 100 percent-owned subsidiary, Sentinel Transportation LLC.
Total Rewards
At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full-time employees include:
Annual Variable Cash Incentive Program (VCIP) bonus 8% 401k company match Cash Balance Account pension Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services
Learn more about Phillips 66 Total Rewards.
Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.
Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.
To be considered:
In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of 02/02/2025.
Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.
Phillips 66 is an EEO and Affirmative Action Employer of Women/Minorities/Veterans/Individuals with Disabilities