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Fortune 500 - Spot Number 165
Company Information
Name: Williams Companies, Inc.
Industry: Natural Gas Utilities
Description: Williams Companies, Inc. is engaged in the transportation and sale of natural gas and petroleum products and other energy related activities. The Company, through its subsidiaries, is engaged in price risk management services; the purchase, sale and arranging of transportation or transmission of energy and energy-related commodities; transportation and storage of natural gas; exploration, production and marketing of oil and gas; direct investments in international energy projects; investments in energy and infrastructure development funds and soda-ash mining operations; natural gas gathering, treating and processing activities; natural gas liquids transportation; transportation of petroleum products and related terminal services; light hydrocarbon/olefin transportation; ethylene production; production and marketing of ethanol and bio-products; refining of petroleum products; retail marketing; petroleum products terminal services, and ammonia transportation and terminal services.
Financial Summary: Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. For the 6 months ended 6/30/05, revenues fell 5% to $5.83B. Net income from cont. opts. totaled $242.9M, vs. a loss of $18.5M. Revenues reflect lower power sales volumes and the absence of crude and refined products activity. Earnings benefited from improved operating margins and lower debt levels.
Business Summary: Williams Companies, Inc. (Williams) is a natural gas company that primarily finds, produces, gathers, processes and transports natural gas. The Company also manages a wholesale power business. Its operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, Southern California and Eastern Seaboard. Williams' business segments include Power, Gas Pipeline, Exploration & Production, Midstream and Other. The Power segment manages the Company's wholesale power and natural gas commodity businesses. The Gas Pipeline segment includes Williams' interstate natural gas pipelines and pipeline joint venture investments. The Exploration & Production segment produces, develops and manages natural gas reserves. The Midstream segment includes the Company's natural gas gathering, treating and processing business. The Other segment consists of continuing operations previously reported within the International and Petroleum Services segments.
Misc Details
Symbol: WMB
City: Tulsa
State: OK
ZIP Code: 74172
Address: One Williams Ctr
Phone: 918-573-2000
Fax: 918-573-6714
Website: http://www.williams.com
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