Gibson Energy

#3806

Rank

$2.59B

Marketcap

Canada

Country

Leadership team

Mr. Steven R. Spaulding (Pres, CEO & Director)

Mr. Sean M. Brown (Sr. VP & CFO)

Mr. Omar AliKhan Saif (Sr. VP & COO)

Products/ Services

Energy, Energy Storage

Number of Employees

100 - 500

Headquarters

Calgary, Alberta, Canada

Established

1953

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

GEI.TO

Social Media

URL

https://www.gibsonenergy.com

Overview

Location

Recognition and Award

References

Summary

Gibson Energy Inc., a liquids infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility. The Marketing segment purchases, sells, stores, and optimizes hydrocarbon products, including crude oil, natural gas liquids, road asphalt, roofing flux, frac oils, light and heavy straight run distillates, vacuum gas oil, and an oil-based mud product. The company was formerly known as Gibson Energy Holdings ULC and changed its name to Gibson Energy Inc. in April 2011. Gibson Energy Inc. was founded in 1950 and is headquartered in Calgary, Canada.

History

Gibsons was founded with the incorporation of its predecessor in 1953. It was initially a subsidiary of Hunting plc, a British firm in the same business. Gibsons was sold by Hunting plc to an energy industry focused private equity fund managed by Riverstone Holdings in December 2008, for C$1.2 billion. It was later listed on the Toronto Stock Exchange on June 14, 2011.

In 2012, Gibson bought Omni Energy Services for $445 million. OMNI was an environmental services provider to the American oil and gas industry.

In 2016, Gibsons Energy rejected a $2.8 billion acquisition proposal from a Singapore private equity firm. In 2017, it sold its industrial propane distribution business, Canwest Propane, to Superior Plus for $412 million. In 2017, its largest shareholder called for the company to sell its non-core assets, and consider selling the whole company.

Mission

Connecting energy. Fuelling modern life. As a midstream company, we are in the business of connections. We connect our customers to markets, employees to rewarding careers, and investors to long-term value.

Vision

Gibson Energy’s vision is to be the most reliable and trusted midstream energy solutions provider in North America.

Key Team

Mr. Sean M. Wilson (Sr. VP, Chief Admin. & Sustainability Officer and Corp. Sec.)

Mr. Kyle J. DeGruchy (Sr. VP & Chief Commercial Officer)

Jessica Ferguson (VP of Legal & Gen. Counsel)

Ms. Tammi A. Price (VP of Fin. and Corp. Affairs)

Mark Chyc-Cies (VP of Strategy, Planning & Investor Relations)

Krista Weir (VP of HR)

Beth Pollock (VP & Treasurer)

Recognition and Awards

Gibson Energy is proud to have been named 'Employer of Choice' in both Alberta and Saskatchewan as well as to have been awarded the 'Best Managed' designation multiple times.