Heavy Oils Trader

Phillips 66 & YOU - Together we can fuel the future

Reporting to Manager, Heavy Oils Trading, the Heavy Oils Trader will be dedicated to trading fuel oil & feedstocks. This role will involve identifying and capturing fuel oil and feedstock trading opportunities to generate profits both regionally and globally as part of the Global Commercial team while ensuring adherence to Phillips 66 core values and visions to position the business as a high-performing unit. 

Responsibilities May Include:

• Contribute to the Heavy Oils Trading team in realizing annual profit objectives. 
• Collaborate internally to optimize heavy intermediate feedstock purchases/sales for the Phillips 66 refineries.
• Proactively identify and develop trading strategies to capture value from fuel oil & feedstock markets. 
• Cultivate & enhance targeted counter-party relationships to expand Phillips 66 market presence and increase trading potential.
• Negotiate with counter-party traders to successfully conclude fuel oil & feedstock transactions.
• Work with traders from Phillips 66 trading offices across the globe as part of the global trading teams.
• Accurately enter fuel oil & feedstock deals into our deal capture system.
• Work with mid and back-office support teams to ensure accurate reporting of positions.
• Develop and maintain an understanding of Phillips 66 global fuel oil trading activities.

Required Qualifications:

• Bachelor’s Degree or higher
• 5+ years of energy industry experience, including at least 3+ years of heavy oils trading experience

Preferred Qualifications:

• Experience trading heavy oils in North & South America, including high sulphur cracked & straight-run fuel oil
• Entrepreneurial skills.  Ability to optimize company assets as well as capture value through speculative trading activities
• Knowledge of global fuel oil and feedstock trade flows and understanding of arbitrage economics
• Understanding of pricing and volume exposures and tools/strategies for managing risks
• In-depth understanding of fuel oil blending economics
• Knowledge of heavy oil cargo operations and marine markets
• Knowledge of regional heavy oil logistics and terminals
• Strong negotiating skills
• Advanced computer spreadsheet skills
• Results-oriented with the ability to think and act decisively and independently under changing circumstances
• Excellent teamwork, interpersonal, and communicative (speaking and writing) skills and often with persons of another business culture

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, 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 06/19/2025.

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.