What's Happening?
Phillips 66 is seeking an Advisor III, Refining Capital and Budget, to join its team in Houston, Texas. This role is designed for a process engineer with at least three years of experience in refinery, petrochemical, chemical, or related industrial operations.
The advisor will be responsible for combining refinery process knowledge with business analysis to support long-range capital prioritization, budget development, strategic evaluations, and performance improvement across Phillips 66's refining portfolio. Key duties include leading the development of the annual earnings forecast and capital long-range plan for Refining, monitoring capital spending, and coordinating strategic projects. The position requires collaboration across various internal departments, including sites, headquarters, Commercial, and other enterprise partners, to align technical insights with business outcomes. The application deadline for this position is September 15, 2026.
Why It's Important?
This position is critical for Phillips 66 as it aims to optimize its refining operations and ensure efficient capital allocation. By integrating process engineering expertise with financial analysis, the company can make more informed decisions regarding investments, budget management, and strategic planning. This role directly impacts the profitability and long-term sustainability of Phillips 66's refining assets, which are central to its overall business model. The focus on long-range planning and performance improvement underscores the company's commitment to operational excellence and adapting to market changes. Effective capital management in the refining sector is particularly important due to the high capital intensity and cyclical nature of the industry, making this advisor a key player in maintaining Phillips 66's competitive edge.
What's Next?
The successful candidate will immediately begin leading the development of the annual earnings forecast and capital long-range plan for Phillips 66's refining segment. This involves aligning site-specific inputs with broader business strategies and ensuring that capital spending remains within budget. The advisor will also be involved in supporting project and contract reviews, facilitating timely approvals, and coordinating strategic projects and ad hoc analyses, such as competitive benchmarking and market assessments. These activities will directly inform the long-term refining strategy and capital decisions. The role also entails developing and maintaining budgeting and economic forecasting models in partnership with various internal teams. The application period closes on September 15, 2026, after which the selection and onboarding process will commence.
Beyond the Headlines
The creation of this role signifies Phillips 66's strategic emphasis on integrating technical and financial expertise to drive business outcomes. In an industry characterized by significant capital expenditures and fluctuating market conditions, the ability to accurately forecast, budget, and strategically allocate capital is paramount. This position also highlights the growing need for professionals who can bridge the gap between engineering operations and financial strategy, ensuring that technical improvements translate into tangible business value. The collaborative nature of the role, working across multiple departments, reflects a modern approach to corporate management where silos are broken down to foster holistic decision-making. This strategic investment in talent aims to enhance Phillips 66's resilience and adaptability in a dynamic global energy market, ensuring its refining assets remain competitive and profitable for years to come.
