Williams Companies
Categories
#324
Rank
$61.53B
Marketcap
United States
Country
David Williams (Founder)
Kevin Williams (CFO VP of Finance, and Founder)
Energy and Utilities
Summary
Williams Companies is an American energy infrastructure company that specializes in connecting North America's hydrocarbon resources to growing natural gas markets. The company operates midstream gathering and processing assets, as well as interstate natural gas pipelines. Williams' gas pipeline and gathering and processing operations are located throughout the United States, including strategic assets in the deepwater Gulf of Mexico, the Rockies, the Pacific Northwest, and the Eastern Seaboard.
The company was founded in 1908 and is headquartered in Tulsa, Oklahoma. Over the years, Williams has grown through acquisitions, partnerships, and joint ventures to become a leading energy infrastructure company in the United States. The company's major offices are located in Houston, Pittsburgh, and Salt Lake City. As of 2021, Williams employed more than 5,000 people.
Williams' operations include natural gas gathering, processing, and transportation services for both onshore and offshore production areas. The company also provides midstream services such as fractionation, storage, and export facilities. Additionally, Williams operates and maintains more than 30,000 miles of natural gas pipelines and related infrastructure, providing reliable and cost-effective natural gas transportation services to utilities, power generators, and other end-users.
Williams has a strong commitment to safety, environmental responsibility, and community engagement. The company has implemented numerous initiatives to reduce its environmental impact and is actively engaged in supporting local communities through various social and philanthropic programs.
Williams Companies plays a vital role in the North American energy industry by connecting hydrocarbon resources to markets and providing essential energy infrastructure services to customers across the United States.
History
Williams Companies was founded in 1908 as a small natural gas company in Kansas. The company began to grow in the 1920s and 1930s with the discovery of new natural gas reserves in the region. In the 1940s, Williams expanded its operations to include interstate pipelines and began transporting natural gas across the country.
Throughout the 1950s and 1960s, Williams continued to expand its pipeline network and diversified its operations, acquiring companies in the chemical and plastics industries. In the 1970s, Williams expanded into oil and gas exploration and production and also entered the telecommunications industry.
In the 1990s, Williams spun off its telecommunications business to focus on energy infrastructure. The company acquired several natural gas processing plants and expanded its pipeline network, including the acquisition of Transco Energy Company in 1995.
In the early 2000s, Williams shifted its focus to midstream operations and formed Williams Partners LP, a master limited partnership (MLP) to own and operate its midstream assets. The company continued to expand its pipeline network with the construction of the Northwest Pipeline, which transports natural gas from the Rocky Mountains to the Pacific Northwest.
In 2011, Williams acquired a 50% stake in Access Midstream Partners, a major natural gas gathering and processing company in the Marcellus and Utica shale regions. In 2015, Williams sold its midstream assets to Williams Partners LP and spun off its exploration and production business to form a new company, WPX Energy.
Today, Williams Companies owns and operates midstream gathering and processing assets, as well as interstate natural gas pipelines, connecting North America's hydrocarbon resources to growing natural gas markets. The company's interstate gas pipeline and gathering and processing operations span the United States, including strategic assets in the deepwater Gulf of Mexico, the Rockies, the Pacific Northwest, and the Eastern Seaboard. Williams Companies is headquartered in Tulsa, Oklahoma, with major offices located in Houston, Pittsburgh, and Salt Lake City.
Mission
Williams Companies' mission emphasizes the importance of safety, execution, collaboration, growth, and continuous improvement. Safety is a top priority for the company, and it aims to ensure that all operations are conducted with a focus on safety, protecting its employees, the environment, and the communities where it operates.
The company also places a strong emphasis on execution, ensuring that it delivers on its commitments to customers, stakeholders, and investors. Collaboration is another key aspect of Williams' mission, and the company aims to work closely with customers, partners, and industry stakeholders to develop and deliver the best solutions for its business and the industry as a whole.
Williams also prioritizes growth, aiming to expand its business and increase its value to shareholders while also investing in the development of its employees and the industry as a whole. Finally, the company is committed to continuously improving its operations and business performance, always seeking to optimize its processes and enhance its performance to better serve its stakeholders.
Vision
Williams Companies' vision is centred around being the leading provider of energy infrastructure connecting North America's abundant natural gas resources to global markets that demand cleaner energy sources and feedstocks.
They aim to create a reliable and efficient system of infrastructure that will allow for the transportation and processing of natural gas to serve the growing demand for cleaner energy sources. The company believes that they can achieve this vision by leveraging their industry experience, innovative technologies, and collaborative partnerships to continuously improve their operations and deliver exceptional results to their stakeholders.
Overall, their vision is focused on building a sustainable and prosperous future for the company, its employees, and the communities they serve.
Key Team
Alan S. Armstrong (President and Chief Executive Officer)
Miller Williams (Founder)
Janice Stoney (Board Member)
Ashley McKee (Director, Human Resources)
Joseph Williams (Board Member)
Bill Lowman (Chief/Sr.Craft Welding Inspector)
Kathleen Cooper (Board Member)
Brad Rourke (Chief Financial Officer)
Keith Meister (Board Member)
Brandon Scoffield (Chief Inspector)
Michael A. Creel (Board Member)
Brian Letzkus (Chief Information Officer)
Murray D. Smith (Board Member)
Chad Teply (Senior Vice President, Project Execution)
Nancy K. Buese (Board Member)
David Williams (Founder)
Peter A. Ragauss (Board Member)
Kevin Williams (CFO VP of Finance, and Founder)
Ralph Izzo (Board Member)
Miller Williams (Founder)
Recognition and Awards
Products and Services
Williams Companies provides energy infrastructure services to connect North America's hydrocarbon resources to growing natural gas markets. The company's operations can be divided into two main segments: Williams Partners and Williams NGL & Petchem Services.
The Williams Partners segment is primarily focused on natural gas transportation, gathering, and processing. Williams operates and owns interests in thousands of miles of natural gas pipelines that transport natural gas from shale fields to major metropolitan areas across the United States. The company also has natural gas processing plants that extract valuable natural gas liquids (NGLs) from the raw gas stream, which are then sold to customers such as petrochemical plants, refineries, and propane distributors.
The Williams NGL & Petchem Services segment offers services related to the natural gas liquids value chain. The segment provides infrastructure for the natural gas liquids supply chain, including fractionation, storage, and transportation of NGLs to domestic and international markets. The company also offers services related to the petrochemical industry, including the transport and storage of feedstocks used to manufacture plastics, chemicals, and other products.
References
https://en.wikipedia.org/wiki/Williams_Companies
https://www.zippia.com/williams-companies-careers-11545/
https://www.crunchbase.com/organization/williams
https://www.companieshistory.com/the-williams-companies/
https://sec.report/CIK/0000107263
https://companiesmarketcap.com/largest-companies-by-revenue/
https://finance.yahoo.com/quote/WMB/
https://www.globaldata.com/company-profile/the-williams-companies-inc/
https://www.sherwin-williams.com/
https://www.reuters.com/markets/companies/WMB.N/
https://www.cnbc.com/quotes/WMB
David Williams (Founder)
Kevin Williams (CFO VP of Finance, and Founder)
Energy and Utilities