Distillates Trader

Phillips 66 & YOU - Together we can fuel the future

The Distillates Trader role is responsible for developing and executing trading strategies to optimize refinery production, market positions, and value capture across short-term and intermediate distillate markets. This role partners closely with commercial, operations, and analytics teams to balance supply and demand while managing risk and responding to real-time market conditions.

What You’ll Do

• Develop and execute physical and financial distillate trading strategies using fundamental, technical, seasonal, and historical market analysis to capture value across regions and market structures.
• Optimize refinery production disposition and source cost-effective resupply while identifying arbitrage opportunities between physical and paper markets.
• Negotiate, structure, and execute transactions within approved risk limits, ensuring accurate deal capture and compliance with internal controls and regulatory requirements.
• Partner with market analysts to manage balances, inventory positions, storage, and logistics while supporting forecasting and demand planning activities.
• Collaborate closely with VCO, Marketing, Aviation, and Operations to ensure seamless execution and short-term optimization of commercial activities.
• Monitor market conditions in real time, anticipate issues, and make timely decisions under changing conditions to protect and enhance value.
• Provide market insights, reporting, and recommendations to senior leadership to support commercial decision-making.
• Support the Senior Jet Trader and provide back-up coverage for other U.S. Distillate Traders as needed.

What You’ll Bring – Required

• Bachelor’s degree
• 3+ years of commercial or energy trading experience aligned with short-term and intermediate markets.
• Successful completion of the Phillips 66 Trader Assessment Program or at least 1 year of verified energy trading experience
• Legally authorized to work in the job posting country.

What Makes You Stand Out – Preferred

• Bachelor’s degree in Engineering, Finance, Economics, or a related field.
• Advanced knowledge of U.S. clean products and distillate markets.
• Experience with financial derivatives including futures, swaps, and options.
• Strong analytical, risk assessment, and problem-solving skills with high attention to detail.
• Ability to work effectively in a fast-paced, open trading floor environment while collaborating across teams.
• Strong verbal communication skills and the ability to influence and build relationships internally and externally.
• Demonstrated understanding of physical energy markets, pricing structures, and risk management principles.
• Ability to negotiate transactions, analyze complex market data, and make decisions under time-sensitive conditions.

Compensation Range 

This position has a base salary range of  $121,500 - $148,500.

At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends on the candidate's experience, skills, and alignment with the role’s requirements. Offers are made to ensure internal equity and market competitiveness. Our compensation programs are designed to reward performance and support career growth.

The 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, cultivate an environment of trust, seek different perspectives and pursue 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 04/24/2026.

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.