Pros
Competitive Pay and Benefits: Competitive salaries and benefits, including health and dental insurance, 401(k) with 8% company match, company-paid pension up to 9% based on age and years of service, annual bonus (VCIP) based on salary and performance, restricted stock (RSUs) based on salary and performance, 2-6 weeks/year of paid vacation based on years of service, and other benefits. Career Development: P66 offers opportunities for career development, including tuition reimbursement, mentoring programs, and training. Work/Life Balance: this one is boss-dependent; however, most managers encourage and allow for a good work-life balance.
Cons
Work/Life Balance: as stated in Pro's, work-life balance is boss-dependent. Most management teams encourage good work-life balance; however, some value their short-term day-to-day production more highly than their employees' long-term work-life balance. This can make it difficult to avoid burnout and enjoy working at P66 in the long run. Bureaucratic: while not as bad as working for the government, working at Phillips 66 can be slow-moving and bureaucratic. Every few years the company will make a genuine attempt to improve, but each attempt usually involves something along the lines of a 50-point change management plan to improve nimbleness.