About the Company
HollyFrontier Corp is a petroleum refiner headquartered in Dallas, Texas, United States. It refines crude oil and produces a wide range of products such as gasoline, jet fuel, diesel, lubricants, asphalt and more. HollyFrontier Corp shares are traded on NYSE under the ticker symbol “HFC”. The company came into existence following the merger of Holly Corporation and Frontier Oil Corporation in 2011. The former was established under the name General Appliance Corporation; whereas, the latter was initially named Wainoco Oil Corporation.
Presently, HFC operates refineries in Utah, Oklahoma, New Mexico, Kansas. Moreover, it markets its products primarily in the southwestern part of America, the Pacific Northwest and the Plains states such as Nebraska, Iowa, Colorado, South Dakota, Oklahoma and more. It exports its products to more than 75 countries worldwide. HFC has 3 divisions- Holly Energy Partners, Lubricants and Specialty Products and lastly, asphalt.
Hollyfrontier holds more than 55% share in Holly Energy Partners which operates logistical assets such as terminals, tankage and pipelines. HFC markets its lubricants and speciality products through two subsidiaries- Red Giant Oil which was acquired in 2018 and Petro-Canada Lubricants (acquired in 2017). The combined production of HollyFrontier’s Tulsa Lubricants and Petro-Canada makes this company one of the leading manufacturers of speciality lubricant in America.
In 1969, Holly Corporation acquired Navajo Refining Company in Artesia, New Mexico and 3 years later, it shifted its centre of operations from Azusa, California to Dallas, Texas. In 2019, the company completed the acquisition of Sonneborn for an estimated $655 million, which included working capital worth approximately $72 million.
In 2013, HFC was included in Fortune magazine’s list of the 150 largest companies in America. In 2020, HFC was ranked 184th on the list of Fortune 500 companies.;
|Industry||Oil & Gas Refining & Marketing|