Pros
Excellent place to start your career, but don't stay more than 3-5 years. Benefits are great: 8% match on 401K contribution, 5% Pension (which is not offered by many employers now days), excellent insurance and dental plans, vision coverage is mediocre. Pay is industry average and VCIP (bonuses) are generous.
Cons
- No work-life balance - mediocre managers: micro-management at every company level. expect to be miserable, stressed, and worried most of the time. - Refinery locations are not all great. Please stay away from places like Borger and Sweeny at all cost. Highly political locations within the company. Ferndale is the only decent place that comes to mind. - They used to be a strong refiner, but they have lost their identity with the new executive leadership team. They went through two years of Business Transformation and don't plan to stop anytime soon. Many great employees were forced out/retired/or seek career opportunities elsewhere. They eliminated key field positions and expected to reduce their opex. Their performance has not improved, it got worse...check PSX stock performance over the last year... - This company is talent-driven and not process-driven. There's a process - but you learn quickly in order to deliver results, you have to be creative. - Expect to receive an average rating on your performance review every year. 1 and 2 are secured for the people they like or the ones who are overpaid (SGL 17 and above). - Nepotism is real in this company. Very political and cutthroat company. - Be ready to share the credit for your excellent performance and take all the blame when things go bad. - They have no long term plans: they stopped spending money on the refineries and haven't invested much capital in exploring new business opportunities. - Terrible employee retention records - the experienced and knowledgeable team members have either quit, retired, or they are waiting to cash their bonuses in March to leave the company. - Career advancement opportunities are close to zero. If you're excellent at what you do, expect more work, same pay, and no advancement for a long time: because they can't find a replacement to do your job.
