HollyFrontier Corporation
Type Public
Traded as NYSEHFC
Industry Oil and Gasoline
Founded 1947
Headquarters Dallas, Texas, United States
Key people Matthew P. Clifton (CEO)
Products Petrochemical
Revenue decrease $4.8 billion[1]
Operating income decrease $43.8 million[1]
Net income decrease $19.5 million[1]
Total assets Increase $3.1 billion[1]
Total equity Increase $619 million[1]
Employees 1632[1]
Website http://hollyfrontier.com/

The HollyFrontier Corporation is a Fortune 500 company based in Dallas, Texas. HollyFrontier is a petroleum refiner, and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes.[2] Its CEO is Matthew P. Clifton.[3] The company has primary refining operations in New Mexico and Utah.[4]

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 former Texaco and the Sunoco (originally Cosden) refineries in Tulsa, Oklahoma during 2009 and announced that it would operate both as a single refinery.[6]

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


References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 2009 Annual Report
  2. http://hollyfrontier.com/
  3. "Fortune 500 2010: Top 1000 American Companies". CNN. http://money.cnn.com/magazines/fortune/fortune500/2010/snapshots/658.html.
  4. Script error
  5. HollyFrontier Corporation company history [1]
  6. Tulsa World. "Holly to buy Sinclair refinery." October 21, 2009. Accessed February 8, 2011.[2]
  7. Forbes. "Holly-Frontier Refining Merger: It Sure Took Long Enough." February 22, 2011. Accessed July 1, 2011. [3]
  8. Offcial Press Release. "HollyFrontier Corporation completes merger" July 1, 2011 [4]