Company type | Public company |
---|---|
NYSE: DINO S&P 400 component | |
Industry | Petroleum industry |
Founded | 1947 |
Headquarters | Dallas, Texas, United States |
Key people | Franklin Myers, Chairman Tim Go, CEO Richard L. Voliva III, CFO |
Products | Gasoline Diesel fuel Jet fuel Lubricants Asphalt |
Revenue | $11.183 billion (2020) |
4,054,249,000 United States dollar (2022) | |
-$514 million (2020) | |
Total assets | $11.506 billion (2020) |
Total equity | $5.168 billion (2020) |
Number of employees | 3,891 (2020) |
Website | hfsinclair |
Footnotes /references [1] |
HF Sinclair Corporation (HF Sinclair) is a diversified energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. It is based in Dallas, Texas, United States.
The company operates seven complex oil refineries with a total crude oil processing capacity of 678,000 barrels per stream day. It has facilities in Cheyenne, Wyoming (52,000 barrels per day), El Dorado, Kansas (coking refinery - 135,000 bbl/d), Artesia, New Mexico (100,000 bbl/d), Tulsa, Oklahoma (125,000 bbl/d), Woods Cross, Utah (45,000 bbl/d), Sinclair, Wyoming and Casper, Wyoming. It operates three lubricants and specialties facilities in Mississauga (15,600 bbl/d), Petrolia, PA and in the Netherlands. The company also operates asphalt terminals in Arizona, New Mexico, and Oklahoma. [1]
The company ranked 279th in the 2021 Fortune 500, based on its 2020 revenue. [2]
The company was incorporated under the name General Appliance Corporation in 1947 and changed its name to Holly Corporation in 1952. [3]
In 2003, Frontier Oil agreed to acquire Holly but Holly later cancelled the merger, leading to litigation. [4]
In 2009, Holly Corporation acquired 2 refineries in Tulsa, Oklahoma: one from Sinclair Oil Corporation for $128 million and one from Sunoco. [5]
In July 2011, Holly Corporation and Frontier Oil merged forming HollyFrontier Corporation. [6] [7]
In February 2017, the company acquired Suncor Energy's Petro-Canada Lubricants unit in Mississauga, Ontario, Canada for C$1.125 billion. [8]
In early 2019, HollyFrontier acquired Sonneborn, a manufacturer of food grade white mineral oils and waxes in Petrolia, Pennsylvania, for $655 million. [9]
In June 2020, HollyFrontier announced its Cheyenne refinery will cease processing petroleum, instead shifting production solely to renewable fuel, with the loss of approximately 200 workers. [10]
In May 2021, HollyFrontier agreed to purchase the Shell Anacortes Refinery near Anacortes, Washington, with capacity of 149,000 bbl/d, for $350 million. [11]
In August 2021, HollyFrontier agreed to purchase the assets of Sinclair Oil Corporation, including its two refineries near Casper, Wyoming, and Sinclair, Wyoming, for $2.6 billion. [12] The succeeding company, HF Sinclair Corporation, is expected to finalize the merger mid-2022. [13]
In March 14, 2022, HollyFrontier and Holly Energy Partners announced the completion of transactions with The Sinclair Companies and the establishment of the new parent company, HF Sinclair Corporation (NYSE:DINO). [14]
In July 2022, HF Sinclair announced the layoff of approximately 87 people in the Sinclair, Wyoming refinery. [15]
Mobil is a petroleum brand owned and operated by American oil and gas corporation ExxonMobil. The brand was formerly owned and operated by an oil and gas corporation of the same name, which itself merged with Exxon to form ExxonMobil in 1999.
Tesoro Corporation, known briefly as Andeavor, was a Fortune 100 and a Fortune Global 500 company headquartered in San Antonio, Texas, with 2017 annual revenues of $35 billion, and over 14,000 employees worldwide. Based on 2017 revenue, the company ranked No. 90 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Petro-Canada is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation. In August 2009, Petro-Canada merged with Suncor Energy, with Suncor shareholders receiving approximately 60 percent ownership of the combined company and Petro-Canada shareholders receiving approximately 40 percent. The company retained the Suncor Energy name for the merged corporation and its upstream operations. It continues to use the Petro-Canada name nationwide.
Sinclair Oil Corporation was an American petroleum corporation founded by Harry F. Sinclair on May 1, 1916. The Sinclair Oil and Refining Corporation amalgamated the assets of 11 small petroleum companies. Originally a New York corporation, Sinclair Oil reincorporated in Wyoming in 1976. The corporate logo featured the silhouette of a large green sauropod dinosaur, based on the then-common idea that oil deposits beneath the earth came from the dead bodies of dinosaurs.
Shell Canada Limited is the principal Canadian subsidiary of British energy major Shell plc and one of Canada's largest integrated oil companies. Exploration and production of oil, natural gas and sulphur is a major part of its business, as well as the marketing of gasoline and related products through the company's approximately 1,800 stations across Canada.
West Tulsa is a local name given to an area situated in the west section of the city of Tulsa, Oklahoma which includes various communities to the west and south of the Arkansas River. As development between Sand Springs and Tulsa continued in the late 19th through the early 20th centuries, the name West Tulsa was used to refer to this area west of Tulsa and north of the Arkansas River, but many people in Tulsa and those knowing of the history of Tulsa do not include this area near Sand Springs when referring to West Tulsa.
Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk.
Frontier Oil was an energy company, originally based in Canada, that moved to the United States. Its headquarters were located in Houston, TX, and its subsidiary company, Frontier Refining & Marketing, Inc., is located in Denver, Colorado. Frontier's primary products were gasoline, diesel, and asphalt, and were marketed in the Rocky Mountain and Plains States.
KCWY-DT is a television station in Casper, Wyoming, United States, affiliated with NBC and The CW Plus. Owned by Gray Television, the station has studios on Progress Circle in Mills, Wyoming, and its transmitter is located atop Casper Mountain.
Bayway Refinery is a refining facility in the Port of New York and New Jersey, owned by Phillips 66. Located in Linden and Elizabeth, New Jersey, and bisected by Morses Creek, it is the northernmost refinery on the East Coast of the United States. The oil refinery converts crude oil into gasoline, diesel fuel, jet fuel, propane and heating oil. As of 2007, the facility processed approximately 238,000 bbl/d (37,800 m3/d) of crude oil, producing 145,000 bbl/d (23,100 m3/d) of gasoline and 110,000 bbl/d (17,000 m3/d) of distillates. Its products are delivered to East Coast customers via pipeline transport, barges, railcars and tank trucks.
The title of "Oil Capital of the World" is often used to refer to Tulsa, Oklahoma. Houston, Texas, the current center of the oil industry, more frequently uses the sobriquet “The Energy Capital of the World.”
Harry Ford Sinclair was an American industrialist, and the founder of Sinclair Oil. He was implicated in the 1920s Teapot Dome scandal, and served six months in prison for contempt of Congress. Although this harmed his reputation, he returned to his former life and enjoyed its prosperity until his death.
Tulsa is the second-largest city in the state of Oklahoma and 45th-most populous city in the United States.
Operating as Houston Refining, LP, LyondellBasell's Houston refinery is a 268,000-barrel-per-day (42,600 m3/d) refinery located on the Texas Gulf Coast in Houston that occupies 700 acres (2.8 km2) along the Houston Ship Channel. This refinery has been in operation since 1918, and it currently produces gasoline, lubricant base stock, propylene, and other associated materials. LyondellBasell has announced its intention to close this refinery by 2023, to help it reach its climate-change goals.
Hindustan Petroleum Corporation Limited (HPCL) is an Indian Multinational public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai, and a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas, Government of India.
Idemitsu Kosan Co., Ltd. is a Japanese petroleum company. It owns and operates oil platforms, refineries, produces and sells petroleum, oils and petrochemical products, and also operates gas stations under the apollostation brand and until 2023, in its own Idemitsu and Shell brands; the Shell brand being used under the license of Royal Dutch Shell.
The Puget Sound Refinery is an oil refinery on March Point near Anacortes, Washington, United States. It is operated by HF Sinclair and is one of the largest employers in Skagit County. The refinery has a capacity of 145,000 barrels a day, making it the 52nd largest in the United States, in 2015, with facilities that include a delayed coker, fluid catalytic cracker, polymerization unit and alkylation units. HF Sinclair’s refinery produces three grades of gasoline, fuel oil, diesel fuel, propane and butane. This plant is currently the only refinery in Washington state unable to accommodate tight oil via rail. The permitting process is currently underway for the proposed 60,000 b/d unloading capacity of the East Gate Rail Project.
The West Tulsa Belt Railway (WTB) was an odd railroad for multiple reasons. It had only about two miles of track, located in or about West Tulsa, Oklahoma. It had no mainline, instead consisting of just sidetracks and yards. And, it had no locomotives, rolling stock, or employees to operate it, instead being run from its inception by another railroad's equipment and personnel.
Witco Corporation (NYSE: WIT) was a manufacturer of specialty chemicals, petroleum products, and engineered materials headquartered in New York, New York. In 1999, Witco merged with Crompton & Knowles to form Crompton Corporation.