Power and Gas at Refiners vs Super Majors/Merchants

Curious to hear from people who have worked in the power/gas trading organization at the major refiners.

I am starting my career in a commercial graduate program at one of the major refiners (like VLO, P66, or MPC).

How do the power and natural gas desks at the major refiners stack up against merchants and supermajors?

Specifically on:

  • Typical hours and work-life balance
  • Compensation progression
  • Book sizes
  • How much spec vs. optimization?
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