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Fortune 500 - Spot Number 136
Company Information
Name: Premcor Inc.
Industry: Oil & Gas Operations
Description: Premcor Inc., through its principal operating subsidiaries, The Premcor Refining Group Inc. and The Port Arthur Coker Company, L.P., is one of the largest independent petroleum refiners and marketers of unbranded transportation fuels, heating oil, petrochemical feedstocks, petroleum coke and other petroleum products in the United States. The company has an aggregate 490,000 barrels per day (bpd) of crude distillation capacity at its three refineries located in Port Arthur, Texas (250,000 bpd), Lima, Ohio (170,000 bpd) and Hartford, Illinois (70,000 bpd).
Financial Summary: Premcor Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, petroleum coke and other petroleum products, with refineries located in Texas, Ohio, Delaware and Illinois. For the 6 months ended 6/30/2005, revenues rose 55% to $9.47B. Net income from continued operations totaled $459.2M, up from $185M. Results reflect high product price and relatively inexpensive crude oil.
Business Summary: Premcor Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, petroleum coke and other petroleum products in the United States. The Premcor Refining Group Inc. (PRG) is an indirect, wholly owned subsidiary of Premcor and is the principal operating subsidiary of Premcor. PRG owns and operates four refineries that are located in Port Arthur, Texas; Memphis, Tennessee; Lima, Ohio, and Delaware City, Delaware, with a combined crude oil volume processing capacity, known as throughput capacity, of approximately 800,000 barrels per day (bpd). The Company sells petroleum products in the Midwest, the Gulf Coast, Northeastern and Southeastern United States. On May 3, 2004, the Company announced that it completed the purchase of the Delaware refining complex from Motiva Enterprise LLC.
Misc Details
Symbol: PCO
City: Old Greenwich
State: CT
ZIP Code: 06870
Address: 1700 E. Putnam Ave
Suite 400
Phone: 203-698-7500
Fax: 203-698-7925
Website: http://www.premcor.com
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