Phillips 66 Expands Houston Trading Floor Team by 30 Percent

Phillips 66 is expanding its commercial footprint in the Houston Energy Corridor with a strategic increase to its trading floor team. The company has grown headcount by roughly 30 percent in recent months, reinforcing its position in global energy markets as demand for refined products and energy trading expertise continues to evolve.

The expansion reflects Houston’s continued role as a hub for energy sector leadership. By adding new traders, analysts, and support staff, Phillips 66 is aiming to enhance its market competitiveness while adapting to emerging fuel trends and increased volatility across global commodity markets.

The company’s trading floor, located on the west side of the city, serves as a central point for decision-making involving refined products, natural gas liquids, crude oil, and renewables. A larger workforce is expected to help the company manage pricing shifts, supply disruptions, and long-term portfolio strategy with greater agility.

Why the Expansion Matters

Phillips 66’s move underscores the broader trend of energy companies bolstering commercial teams to stay competitive in a shifting global energy landscape. The additional staff supports not only trading operations but also risk management, logistics, and financial analysis, all of which enable faster responses to market changes.

For Houston, the investment adds new high-skill jobs and reinforces the city’s status as a global headquarters for energy commerce and innovation. As more companies diversify into renewable fuels and advanced commodities, trading floors like Phillips 66’s continue to play a central role in shaping the regional economy.

What’s Next

The company is expected to continue hiring in 2025 as part of its long-term growth strategy, according to industry analysts. With global fuel markets undergoing rapid shifts, Houston’s capability to attract and retain top trading talent remains a significant competitive advantage.

The Energy Corridor, home to many of the world’s largest energy firms, is likely to see continued investment as companies modernize operations and prepare for future energy transitions.

This article is a summary of reporting by The Business Journals. Read the full story here.