Type | Public |
---|---|
NYSE: AE Russell 2000 Index component | |
Founded | 1947[1] |
Founder | Bud Adams |
Headquarters | Houston, Texas |
Area served | Global |
Revenue | $1.944 Billion (2015) [2] |
$0.009 Billion (2015) [3] | |
$-0.001 Billion (2015) [3] | |
Total assets | $0.243 Billion (2015) [2] |
Total equity | $0.152 Billion (2015) [2] |
Owner | Bud Adams' heirs (via KSA Industries, Inc.): (39%) [4] |
Number of employees | 809 (2016) [5] |
Subsidiaries | Gulfmark Energy, Inc. |
Website | www |
Adams Resources and Energy, Inc. is a Russell 2000 Index company engaged in the marketing of crude oil, natural gas and liquid chemical products. Adams was founded by Kenneth Stanley "Bud" Adams Jr. in 1947, as the wildcatting firm ADA Oil Company [6] [7] It went public in 1974. Bud Adams served as the company's chief executive officer for more than half a century. [8] [9] The Company and its subsidiaries presently have over 800 employees.
The Company's GulfMark Energy, Inc. subsidiary is engaged in crude oil marketing, transportation, terminalling and storage in various crude oil and natural gas basins in the lower 48 states of the United States ("U.S.”) and arranges sales and deliveries to refiners and other customers. GulfMark purchases approximately 95,000 barrels per day at the wellhead. [10] Adams has interests in 298 oil wells and it operates 42 of these. [11]
The Company's Service Transport subsidiary transports liquid chemicals, pressurized gases, asphalt and dry bulk primarily in the lower 48 states of the U.S. with deliveries into Canada and Mexico, and with fifteen terminals across the U.S. [10]
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, Pennsylvania, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower.
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Irving Oil Ltd. is a Canadian privately-owned intergenerational gasoline, oil, and natural gas producing and exporting company, a subsidiary of the parent company Irving Group of Companies,—one of the largest "private conglomerates" in North America. Irving Oil was one established in 1924 by Canadian oil baron and billionaire, Kenneth "K.C." Irving, whose family fortune when he died was estimated by Forbes at USD$5 billion. His son, Arthur, became chairman and president of Irving Oil.
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess served as CEO from the early 1960s through 1995, after which his son John B Hess succeeded him as chairman and CEO.
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Polskie Górnictwo Naftowe i Gazownictwo S.A., abbreviated to PGNiG, is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative offices in Russia, Pakistan, Belarus and Ukraine and holds equity interests in some 30 subsidiaries, including providers of specialist geophysical, drilling and well services.
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