HollyFrontier

HollyFrontier Corporation
Public
Traded as NYSE: HFC
S&P 400 Component
Industry Oil and Gas
Founded 1947
Headquarters Dallas, Texas, United States
Key people
George Damiris (CEO)
Products Gasoline, Diesel, Jet Fuel, Asphalt and Other Specialty Products
Increase $1.727 billion[1]
Total assets Increase $10.328 billion[1]
Total equity Increase $6.642 billion[1]
Number of employees
2,534[1]
Website www.hollyfrontier.com

The HollyFrontier Corporation is a Fortune 500 company based in Dallas, TX. HollyFrontier is a petroleum refiner and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes.[2] George Damiris currently holds the title as CEO. The company has primary refining operations in Kansas, New Mexico, Oklahoma, Utah, and Wyoming[3]

History

HollyFrontier Corporation was originally incorporated under the name General Appliance Corporation in 1947 and changed its name to Holly Corporation in 1952.[4] Holly Corporation bought both the Sinclair (originally Texaco) and the Sunoco (originally Cosden) refineries in Tulsa, Oklahoma in 2009, and announced that it would operate both as a single refinery.[5]

Operations

HollyFrontier operates 5 refineries:

The company also maintains the following divisions:

Merger

Holly Corporation and Frontier Oil merged forming HollyFrontier Corporation in July 2011.[6][7]

References

  1. 1 2 3 4 2012 Annual Report
  2. hollyfrontier.com
  3. Plunkett, Jack W. (November 2007). PLunkett's Energy Industry Almanac. Plunkett Research. ISBN 978-1-59392-442-3.
  4. HollyFrontier Corporation company history
  5. Tulsa World. "Holly to buy Sinclair refinery." October 21, 2009. Accessed February 8, 2011.
  6. Forbes. "Holly-Frontier Refining Merger: It Sure Took Long Enough." February 22, 2011. Accessed July 1, 2011.
  7. Official Press Release. "HollyFrontier Corporation completes merger" July 1, 2011

External links


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