HF Sinclair
| Company type | Public company |
|---|---|
| NYSE: DINO S&P 400 component | |
| Industry | Petroleum industry |
| Founded | 1947 |
| Headquarters | Dallas, Texas, United States |
Key people | Franklin Myers, Chairman Tim Go, CEO |
| Products | Gasoline Diesel fuel Jet fuel Lubricants Asphalt |
| Revenue |  $11.183 billion (2020) |
| -$514 million (2020) | |
| Total assets | $11.506 billion (2020) |
| Total equity | $5.168 billion (2020) |
Number of employees | 3,891 (2020) |
| Website | hfsinclair |
HF Sinclair Corporation (HF Sinclair) is an energy enterprise based in Dallas, Texas. It specializes in manufacturing gasoline, diesel, jet and renewable fuels, as well as specialty lubricants, chemicals, and asphalt products.
The firm manages seven sophisticated refineries with a total crude oil throughput capacity of 678,000 barrels per stream day. These facilities are situated in Cheyenne, Wyoming, El Dorado, Kansas, Artesia, New Mexico, Tulsa, Oklahoma, Woods Cross, Utah, and two locations in Wyoming (Sinclair and Casper). Additionally, HF Sinclair operates three plants dedicated to lubricants and specialty products located in Mississauga, Petrolia, Pennsylvania, and the Netherlands. The company also maintains asphalt distribution terminals across Arizona, New Mexico, and Oklahoma.
Based on revenue figures from 2020, HF Sinclair was positioned at number 279 on the 2021 edition of the Fortune 500 list.
History
Originally established in 1947 as General Appliance Corporation, the company was renamed Holly Corporation in 1952. Over time, it has grown through targeted mergers and acquisitions to broaden its product range and increase market penetration.
In 2009, Holly purchased two refineries in Tulsa from Sinclair Oil Corporation and Sunoco for $128 million. A significant milestone occurred in July 2011 when Holly merged with Frontier Oil to create HollyFrontier Corporation, boosting refining capacity and expanding its market footprint.
The company continued to pursue growth via acquisitions: it acquired Suncor Energy’s Petro-Canada Lubricants business for C$1.125 billion in 2017; later in 2019, it purchased Sonneborn for $655 million to enhance its specialty lubricant portfolio.
In June 2020, HollyFrontier transitioned its Cheyenne refinery exclusively to renewable fuel production as part of its strategic response to shifting energy market demands.
Further expansion included acquiring Shell’s Anacortes Refinery in Washington for $350 million in May 2021; this facility has a capacity of 149,000 barrels per day. In August 2021, the company acquired assets from Sinclair Oil Corporation—including two Wyoming refineries—for $2.6 billion. These acquisitions strengthened HF Sinclair’s refining capabilities and expanded its global operations.
The merger was completed under the HF Sinclair Corporation name in December 2023. In March 2022, the organization finalized transactions with The Sinclair Companies and established HF Sinclair as the parent company (NYSE:DINO).
In July 2022, HF Sinclair announced workforce reductions at its Sinclair refinery as part of operational restructuring efforts.
External links
- 1947 Texas establishments
- American corporations founded in 1947
- Dallas-based companies
- Enterprises traded on the New York Stock Exchange
- Energy sector firms founded in 1947
- United States oil companies
- Oil pipeline operators
- Texas petroleum industry
- S&P MidCap 400 constituents
- American companies established in 1947
- Companies of the United States by year of establishment