Sr Originator III, Natural Gas

Phillips 66 Company; Houston (TX); On-site; USD 198,000 - 242,000; Full time

Job summary

Phillips 66 Company is seeking a Sr Originator III, Natural Gas to originate, structure, negotiate and execute strategic physical and financial natural gas transactions, leveraging upstream, midstream and downstream markets and building external relationships with counterparties.

You will collaborate with Trading, Legal, Credit, Risk and Operations to move transactions through front-to-back processes, evaluate market intelligence, and mentor colleagues across the enterprise.

Qualifications

• Bachelor’s degree or higher in business, finance, economics, engineering, or related field.
• 10+ years of commercial experience in natural gas or other commodities, including origination, structuring, trading, contract negotiation, business development, project finance, or project management.
• 5+ years of experience in natural gas, G&P, LNG, or related energy markets, with demonstrated experience in physical and/or financial transactions.
• Willing and able to travel on an as-needed basis, up to 50%.
• Legally authorized to work in the United States.

Responsibilities

• Originate, develop, structure, value, negotiate, and execute strategic physical and financial natural gas transactions and customer contracts
• Build and maintain relationships with producers, end users, pipelines, storage providers, infrastructure companies, and other market participants to expand opportunities and markets
• Identify and optimize opportunities across transportation, storage, gathering, processing, power generation, and other owned, leased, or third-party infrastructure
• Develop new business opportunities and structures that enhance asset value, manage basis and market exposure, and capitalize on regional and temporal arbitrage opportunities
• Partner with Trading, Legal, Credit, Risk, Accounting, Tax, Operations, and other functional teams to move transactions through the full front-to-back process and secure required approvals
• Perform pricing, valuation, cash flow, return, scenario, risk, credit, and strategic analyses for new business opportunities and infrastructure investments
• Evaluate market intelligence from consultants, brokers, counterparties, and industry participants and incorporate relevant insights into business development and transaction strategies
• Lead counterparty onboarding, documentation, transaction governance, and compliance, including appropriate structuring of term sheets, confirmations, contracts, and related agreements
• Communicate risk-versus-reward recommendations clearly to senior management and develop and mentor colleagues across the enterprise

Skills

Origination

Structuring

Negotiation

Execution

Relationship building

Financial analysis

Risk management

Travel up to 50%

Education

Bachelor’s degree or higher in business, finance, economics, engineering, or related field

Job description

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At Phillips 66, we care about the whole person. That means providing access to quality programs, resources and care that support you and your family. We believe well-being — physical, emotional, social and financial — plays an important role in helping our people thrive. When our employees are supported at every stage of life, they’re empowered to do their best work and make a meaningful impact, both personally and professionally.

Phillips 66 & YOU - Together we can fuel the future

The Sr Originator III, Natural Gas is responsible for origination, structuring, negotiation, and execution of new business activities and long-term physical and financial natural gas transactions. This position requires a detailed understanding of upstream, midstream, and downstream markets, including pipelines, transportation, storage, processing, gathering, power generation, producers, and end users. The role will develop external relationships with counterparties and infrastructure companies, identify opportunities that leverage the Phillips 66 asset-backed trading model, and create value for Natural Gas Trading and Phillips 66.

What You’ll Do

• Originate, develop, structure, value, negotiate, and execute strategic physical and financial natural gas transactions and customer contracts
• Build and maintain relationships with producers, end users, pipelines, storage providers, infrastructure companies, and other market participants to expand opportunities and markets
• Identify and optimize opportunities across transportation, storage, gathering, processing, power generation, and other owned, leased, or third-party infrastructure
• Develop new business opportunities and structures that enhance asset value, manage basis and market exposure, and capitalize on regional and temporal arbitrage opportunities
• Partner with Trading, Legal, Credit, Risk, Accounting, Tax, Operations, and other functional teams to move transactions through the full front-to-back process and secure required approvals
• Perform pricing, valuation, cash flow, return, scenario, risk, credit, and strategic analyses for new business opportunities and infrastructure investments
• Evaluate market intelligence from consultants, brokers, counterparties, and industry participants and incorporate relevant insights into business development and transaction strategies
• Lead counterparty onboarding, documentation, transaction governance, and compliance, including appropriate structuring of term sheets, confirmations, contracts, and related agreements
• Communicate risk-versus-reward recommendations clearly to senior management and develop and mentor colleagues across the enterprise

What You’ll Bring – Required

• Legally authorized to work in the United States
• Bachelor’s degree or higher in business, finance, economics, engineering, or a related field
• 10 or more years of commercial experience in natural gas or other commodities, including origination, structuring, trading, contract negotiation, business development, project finance, or project management
• 5 or more years of experience in natural gas, G&P, LNG, or related energy markets, with demonstrated experience in physical and/or financial transactions
• Demonstrated experience evaluating and managing transaction risk, counterparty credit, market exposure, and/or supply chain and infrastructure commitments
• Willing and able to travel on an as-needed basis, up to 50%

What Makes You Stand Out – Preferred

• 10 or more years of experience in natural gas origination, structured transactions, commodities, G&P, LNG, or related energy markets
• Experience with Gulf Coast, Midcontinent, and/or DJ natural gas markets; pipelines, transportation, storage, gathering, processing, compression, or power generation assets
• Track record of originating, negotiating, and executing complex long-term transactions, including transport agreements, asset management agreements, storage agreements, VPPs, structured supply, hedging, or infrastructure-related transactions
• Experience building or expanding a natural gas origination or trading business, developing customer and infrastructure relationships, and deploying risk capital in partnership with Trading
• Strong financial analysis and structuring capabilities, including pricing, valuation, cash flow, scenario analysis, risk-versus-reward assessment, and forward planning

Compensation Range

This 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.

TheCommercial 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
• 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

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 pursueexcellence.

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 October 11, 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.

Phillips 66 is an Equal Opportunity Employer