Holly Energy Partners
#3695
Rank
$2.24B
Marketcap
United States
Country
Mr. Michael C. Jennings (Pres, Chairman & CEO of Holly Logistic Services LLC)
Mr. John Wayne Harrison Jr. (Sr. VP, CFO & Treasurer of Holly Logistic Services LLC)
Ms. Vaishali S. Bhatia (Sr. VP, Gen. Counsel & Sec. of Holly Logistic Services LLC)
Summary
History
The company was incorporated under the name General Appliance Corporation in 1947 and changed its name to Holly Corporation in 1952.In 2003, Frontier Oil agreed to acquire Holly but Holly later cancelled the merger, leading to litigation.In 2009, Holly Corporation acquired 2 refineries in Tulsa, Oklahoma: one from Sinclair Oil Corporation for $128 million and one from Sunoco.In July 2011, Holly Corporation and Frontier Oil merged forming HollyFrontier Corporation.In February 2017, the company acquired Suncor Energy's Petro-Canada Lubricants unit in Mississauga, Ontario, Canada for C$1.125 billion.In early 2019, HollyFrontier acquired Sonneborn, a manufacturer of food grade white mineral oils and waxes in Petrolia, Pennsylvania, for $655 million.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.In May 2021, HollyFrontier agreed to purchase the Shell Anacortes Refinery near Anacortes, Washington, with capacity of 149,000 bbl/d, for $350 million.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. The succeeding company, HF Sinclair Corporation, is expected to finalize the merger mid-2022.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 .In July 2022 HF Sinclair laid off approximately 97 people in the Sinclair, Wyoming refinery.
Mission
Vision
Key Team
Mr. Mark T. Cunningham (Consultant of Holly Logistic Services, LLC)
Trey Schonter (Exec. of Investor Relations)
Mr. Craig Biery (VP of Investor Relations)
Jared Harding (Investor Relations Officer)
Mr. Kenneth P. Norwood (VP & Controller of Holly Logistic Services LLC)
Recognition and Awards
References
Dive deeper into fresh insights across Business, Industry Leaders and Influencers, Organizations, Education, and Investors for a comprehensive view.
Mr. Michael C. Jennings (Pres, Chairman & CEO of Holly Logistic Services LLC)
Mr. John Wayne Harrison Jr. (Sr. VP, CFO & Treasurer of Holly Logistic Services LLC)
Ms. Vaishali S. Bhatia (Sr. VP, Gen. Counsel & Sec. of Holly Logistic Services LLC)