HollyFrontier

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HollyFrontier Corporation
Public
Traded as
IndustryOil and Gas
Founded1947
Headquarters,
Key people
George Damaris (CEO)
ProductsGasoline, Diesel, Jet Fuel, Asphalt and Other Specialty Products
RevenueIncrease $14.251 billion[1]
Increase $0.805 billion[1]
Total assetsIncrease $10.692 billion[1]
Total equityIncrease $5.371 billion[1]
Number of employees
3,522[1]
Websitehollyfrontier.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 Damaris currently holds the title as CEO.[3] The company has primary refining operations in Kansas, New Mexico, Oklahoma, Utah, and Wyoming[4]

History[edit]

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[edit]

HollyFrontier operates 5 refineries:

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[edit]

Holly Corporation and Frontier Oil merged forming HollyFrontier Corporation in July 2011.[7][8]

References[edit]

  1. ^ a b c d e 2017 Annual Report
  2. ^ hollyfrontier.com
  3. ^ "HollyFrontier". Fortune. Retrieved 2018-11-23.
  4. ^ Plunkett, Jack W. (November 2007). PLunkett's Energy Industry Almanac. Plunkett Research. ISBN 978-1-59392-442-3.
  5. ^ HollyFrontier Corporation company history
  6. ^ Tulsa World. "Holly to buy Sinclair refinery." October 21, 2009. Accessed February 8, 2011.[1]
  7. ^ Forbes. "Holly-Frontier Refining Merger: It Sure Took Long Enough." February 22, 2011. Accessed July 1, 2011. [2]
  8. ^ Official Press Release. "HollyFrontier Corporation completes merger" July 1, 2011 [3]

External links[edit]