SAN ANTONIO--(BUSINESS WIRE)--Jan. 16, 2013--
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 16th
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.
Details on the “100 Best Companies to Work For” List
The full list is available exclusively on FORTUNE's free iPad app today.
The rest of the Best Companies to Work For package can be found www.Fortune.com/BestCompanies
beginning tomorrow, Thursday, January 17 at 8 a.m. (ET).
According to FORTUNE, Google claims the No. 1 spot for the second year
in a row and the fourth time overall. Find out more about the new issue
To see the full list, download FORTUNE's free iPad app here: http://bit.ly/13nvAsi.
The February 4th issue of FORTUNE goes on sale on Monday,
Methodology for the “100 Best Companies to Work For” List
To pick the 100 Best Companies to Work For, FORTUNE partners with the
Great Place to Work Institute to conduct the most extensive employee
survey in corporate America: 259 firms participated in this year’s
survey. More than 277,000 employees at those companies responded to a
survey created by the institute, a global research and consulting firm
operating in 45 countries around the world. Two-thirds of a company’s
score is based on the results of the institute’s Trust Index survey,
which is sent to a random sample of employees from each company. The
survey asks questions related to their attitudes about management’s
credibility, job satisfaction, and camaraderie. The other third is based
on responses to the institute’s Culture Audit, which includes detailed
questions about pay and benefit programs and a series of open-ended
questions about hiring practices, methods of internal communication,
training, recognition programs, and diversity efforts. After evaluations
are completed, if news about a company comes to light that may
significantly damage employees’ faith in management, FORTUNE may exclude
it from the list. Any company that is at least five years old and has
more than 1,000 U.S. employees is eligible.
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has 8,573 miles of
pipeline; 87 terminal and storage facilities that store and distribute
crude oil, refined products and specialty liquids; and 50% ownership in
two asphalt refineries with a combined throughput capacity of 104,000
barrels per day. The Partnership’s combined system has approximately 95
million barrels of storage capacity, and NuStar has operations in the
United States, Canada, Mexico, the Netherlands, including St. Eustatius
in the Caribbean, the United Kingdom and Turkey. For more information,
visit NuStar Energy L.P.'s Web site at www.nustarenergy.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130116006401/en/
Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell, Vice
Investor Relations: 210-918-3057
Mary Rose Brown, Senior Vice President,