Hollyfrontier Case Study

Words: 1295
Pages: 6

Management Concept Paper
On
HOLLYFRONTIER

By
Radha Madhavi Gogula
CWID# 50188671
Texas A&M University - Commerce

Section 1: Company Overview The HollyFrontier corporation is an oil & gas industry headquartered in Dallas, Texas. It is operating five refineries in distinct locations like Wyoming, Oklahoma, New Mexico, Utah and Kansas with a capacity of 4,57,000 barrels per day. The outcomes of the refineries are gasoline, diesel fuel, jet fuel and other highly refined products. Also, it owns Petro-Canada Lubricants which produces approximately 15,600 barrels of more than 350 varieties of lubricants and greases per day. HollyFrontier is listed in 274th place in Fortune 500 companies as per 2017. It has 2,676 employees currently.
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The net income of HollyFrontier for Q3 is 287.72 million dollars. There is significant increase in income compared to Q2 which is 74.07 million dollars. The current competitors of HollyFrontier corporation are ‘Exxon Mobil Corporation’ and ‘Valero Energy Corporation’. The market value for HollyFrontier is approximately 8.1 million dollars. And the market value of Valero and Exxon are $383.3 millions and $350.2 millions respectively. The income rose for HollyFrontier in Q3 2017 is 30.6% and their competitors, Exxon & Valero, income increases about 50% and 47% …show more content…
The Chairman of the board is Michael C. Jennings and George J. Damiris is Chief Executive Officer and President of the group. They employ potential candidates with good past record of accomplishments throughout their journey into their top management team. Their journey in handling various refining, chemical, trading and financing companies makes a good statistical implication on HFC and helps in achieving good performance in the market.
Section 3: Reflection As I discussed above, management transparency is what gained my attention towards the organization. I liked the company’s Mission and Values which gained the customers’ as well the employees’ satisfaction. I got the opportunity to engage with two HFC employees and to witness the employee satisfaction.
Unfortunately, I never worked with this organization. I would really prefer to work with the company because of the above mentioned reasons. As per my knowledge on the company, I really find it working good in all the