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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 379
Company Information
Name: Kerr-McGee Corporation
Industry: Oil & Gas Operations
Description: Kerr-McGee is an Oklahoma City-based energy and chemical company with worldwide operations and assets of approximately $11 billion.
Financial Summary: Kerr-McGee Corporation is engaged in the exploration and production of crude oil and natural gas. The Company is also engaged in chemical manufacturing. For the 6 months ended 6/30/05, revenues increased 62% to $3.57B. Net income from cont. ops. totaled $727M, up from $269M. Revenues reflect increased crude oil & natural gas volumes and prices. Higher income also reflects improved gross margins and gains on assets held for sale.
Business Summary: Kerr-McGee Corporation (Kerr-McGee) is an energy and inorganic chemical holding company whose consolidated subsidiaries, joint ventures and other affiliates (together, affiliates) have operations throughout the world. The Company's core businesses include exploration and production, and chemicals. Kerr-McGee's oil and gas exploration and production areas are onshore in the United States, in the Gulf of Mexico, the United Kingdom sector of the North Sea and China. In addition, the Company has exploration programs in Alaska, Brazil, Morocco, Bahamas and Benin. Kerr-McGee affiliates engaged in chemical businesses produce and market inorganic industrial chemicals, lithium-metal-polymer batteries and heavy minerals. On June 25, 2004, the Company completed a merger with Westport Resources Corporation. On March 8, 2005, the Company annonced its decision to proceed with the proposal to pursue alternatives for the separation of the chemical business, including a spinoff or sale.
Misc Details
Symbol: KMG
City: Oklahoma City
State: OK
ZIP Code: 73102
Address: 123 Robert S. Kerr Avenue
Phone: 405-270-1313
Fax: 405-270-3029
Website: http://www.kerr-mcgee.com
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