NuStar Energy L.P. (NYSE: NS) announced today that for the fifth year in a row, it made FORTUNE’s list of the 100 Best Companies to Work For, coming in at #38.
NuStar is one of only five energy companies on the magazine’s 16
annual top employer list, along with Hilcorp Energy Company, Chesapeake Energy, Devon Energy and EOG Resources, and one of only three San Antonio-based companies, including Rackspace and USAA.
“Of course, it’s our employees who make NuStar such a great place to work,” said Curt Anastasio, President and CEO of NuStar Energy. “We are deeply appreciative of all that they do day in and day out to operate our business safely and reliably and position our company for the future.
“Our employees worked very hard last year to help forge a new strategic direction for NuStar. And we are excited about our outlook for the future, as we are expanding our presence in the lucrative Eagle Ford Shale through some major transactions and expansion projects in the region, and we have many other internal growth projects that also have great rates of return. And what’s really exciting is that we have so many more great opportunities for growth that we believe will be transformative for NuStar in the coming years,” he said.
Some of the considerations in NuStar’s selection for the 100 Best honor include the company’s employee benefits plan, which has been rated the best in its industry by Hewitt Associates; its reward and recognition programs; commitment to volunteerism and charitable giving; and special corporate culture. NuStar, which has a voluntary turnover rate of only 3 percent, offers all-employee bonuses; a retirement savings plan that includes a 401(k) match of 100 percent up to 6 percent of pay and a company-funded retirement plan; company-paid health and welfare benefits that are 100 percent funded for employees and their families; a health and wellness program; and much more. The company also has never had a layoff in its history, and instills in employees the philosophy that if they do a good job, they will always have a good job.