HollyFrontier
 | |
| Public | |
| Traded as |
NYSE: HFC S&P 400 Component |
| Industry | Oil and Gas |
| Founded | 1947 |
| Headquarters | Dallas, Texas, United States |
Key people | Michael C Jennings (CEO) |
| Products | Gasoline, Diesel, Jet Fuel, Asphalt and Other Specialty Products |
 $1.727 billion[1] | |
| Total assets |
$10.328 billion[1] |
| Total equity |
$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] Michael C Jennings currently holds the title as CEO. Mr. Jennings, an oil expert has more than 28 years in the industry. .[3] The company has primary refining operations in New Mexico and Utah,[4] as well as three other states.
History
HollyFrontier Corporation was originally incorporated under the name General Appliance Corporation in 1947 and changed its name to Holly Corporation in 1952.[5] 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.[6]
Operations
HollyFrontier operates 5 refineries:
- Cheyenne (Cheyenne, WY) - 52,000 barrels per day (bbl/d) of crude oil capacity
- El Dorado (El Dorado, KS) - 135,000 bbl/d
- Navajo (Artesia, NM) - 100,000 bbl/d
- Tulsa (Tulsa, OK) - 125,000 bbl/d
- Woods Cross (Woods Cross, UT) - 31,000 bbl/d
The company also maintains the following divisions:
- Holly Energy Partners - logistical assets including pipelines, terminals, and tankage
- Lubricants and Specialty Products - manufacturing and marketing of lubricants specialty products
- Asphalt - commodity and modified asphalt products are marketed in Arizona, New Mexico, Texas, and northern Mexico
Merger
Holly Corporation and Frontier Oil merged forming HollyFrontier Corporation in July 2011.[7][8]
References
- ↑ 1.0 1.1 1.2 1.3 2012 Annual Report
- ↑ hollyfrontier.com
- ↑ "Fortune 500 2010: Top 1000 American Companies". CNN.
- ↑ Plunkett, Jack W. (November 2007). PLunkett's Energy Industry Almanac. Plunkett Research. ISBN 978-1-59392-442-3.
- ↑ HollyFrontier Corporation company history
- ↑ Tulsa World. "Holly to buy Sinclair refinery." October 21, 2009. Accessed February 8, 2011.
- ↑ Forbes. "Holly-Frontier Refining Merger: It Sure Took Long Enough." February 22, 2011. Accessed July 1, 2011.
- ↑ Official Press Release. "HollyFrontier Corporation completes merger" July 1, 2011