Sr Trader I, Cushing CrudeAs a
Sr Trader I, Cushing Crude, you'll serve as a senior individual contributor with significant responsibility for shaping commercial outcomes across the Cushing crude oil hub and advancing our crude trading strategy. This role calls for crude oil market expertise, strong commercial judgment, and the ability to lead through influence in highly complex and competitive environments. You'll be expected to independently manage sophisticated physical and financial commercial situations, along with helping set direction through market insight and strategic perspective.
What You'll Do- Lead the purchase, sale, and exchange of domestic and international crude oils and related blendstocks by identifying, structuring, and executing complex commercial opportunities in and around the Cushing hub within established limits and strategic priorities.
- Collaborate across internal teams to solve complex commercial, operational, and logistical challenges, share market intelligence, and help align stakeholders around customer-focused and value-driven crude oil solutions.
- Act as a senior individual contributor and informal leader by sharing knowledge, mentoring others, and elevating crude oil commercial thinking and execution across the team.
- Partner with Market Analytics to develop and drive enterprise market analytical capability.
- Analyze short- and long-term crude oil market dynamics, including production, refinery demand, pipeline and terminal capacity, storage, imports and exports, quality specifications, basis differentials, benchmark relationships, and pricing structures, to shape trading strategy, inform decision-making, and maximize value capture.
- Build and maintain strong relationships with producers, refiners, pipeline and storage operators, terminal operators, exporters, brokers, consumers, traders, and other market participants, serving as a senior commercial representative and key connection between trading, operations, scheduling, risk, and logistics teams.
- Evaluate daily P&L and risk positions, assess physical and financial market exposure across Cushing and related domestic and global crude markets, and apply expert economic reasoning to guide decisions, protect value, and maintain compliance with trading policies.
- Interpret regulatory requirements, tariffs, contract terms, and crude oil quality specifications; lead resolution of complex crude contracts and compliance matters; and ensure commercial activities align with required standards, strategic objectives, and performance expectations.
- Contribute meaningfully to business planning by assessing crude oil market trends, identifying strategic opportunities across the Midcontinent, Gulf Coast, and broader domestic and export markets, and informing commercial approaches that support growth, portfolio optimization, and competitive positioning.
- Model commercial scenarios and drive asset and portfolio optimization efforts involving inventory, storage, transportation, blending, quality, and market optionality, providing high-value insights that help the organization respond decisively to changing crude oil market conditions.
- Build and utilize knowledge on crude oil fundamentals, Cushing and WTI pricing, storage and pipeline infrastructure, Midcontinent and Gulf Coast market developments, export flows, and industry trends; recommend improvements that strengthen commercial performance, organizational decision-making, and market responsiveness.
- Represent the organization with credibility in the crude oil market and help strengthen external partnerships through consistent, high-quality commercial engagement.
- Travel as needed, including occasional overnight trips, to maintain market presence and support external relationships.
What You'll Bring - Required- Legally authorized to work in the job posting country
- Bachelor's degree or higher
- 5 or more years of direct Trading experience
What Makes You Stand Out - Preferred- 10 or more years of energy supply, trading, origination, or commercial experience
- Prior crude oil, refined products, or energy-marketing experience, preferably involving Cushing, WTI, Midcontinent, or Gulf Coast markets
- Experience leading complex commercial negotiations and executing physical crude oil transactions with meaningful business impact
- Ability to identify crude oil market trends early and take thoughtful, calculated risks based on market conditions
- Strong interpersonal skills and the confidence to gather market intelligence, influence stakeholders, and build durable industry connections
- Proven ability to understand contract terms, evaluate financial impacts, and apply strategic thinking to commercial decisions
- Strong analytical skills with the ability to interpret financial indicators, assess risk, and apply sound economic judgment
- Effective communication skills with the ability to convey complex insights clearly in fast-moving environments
- Ability to work collaboratively across teams and maintain productive relationships with internal and external partners
Compensation RangeThis position has a base salary range of $198,000 - $242,000. This role is eligible to participate in the company's commercial bonus program, offering the opportunity to earn additional compensation based on business and individual performance, in accordance with program guidelines.
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 RewardsAt 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.
