| Business Summary | | Giant
Industries,
Inc.,
through
its
wholly
owned
subsidiary,
Giant
Industries
Arizona,
Inc.
and
its
subsidiaries
(Giant
Arizona),
is
engaged
in
the
refining
and
marketing
of
petroleum
products
in
New
Mexico,
Arizona,
Colorado
and
Utah,
with
a
concentration
in
the
Four
Corners
area
where
these
states
adjoin.
In
addition,
Phoenix
Fuel
Co.,
Inc.
(Phoenix
Fuel),
a
wholly
owned
subsidiary
of
Giant
Arizona,
operates
an
industrial/commercial
petroleum
fuels
and
lubricants
distribution
operation.
The
Company
owns
and
operates
two
refineries.
The
Ciniza
refinery
is
located
on
880
acres
near
Gallup,
and
the
Bloomfield
refinery
is
located
on
285
acres
near
Farmington,
New
Mexico.
Both
of
these
refineries
are
located
in
the
Four
Corners
area,
which
serves
as
the
Company's
primary
market
for
its
refined
products,
and
as
the
primary
source
of
its
supplies
of
crude
oil
and
natural
gas
liquids.
The
Company
has
three
strategic
business
units:
the
Refining
Group,
the
Retail
Group
and
Phoenix
Fuel. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Giant
Industries
is
engaged
in
the
refining
of
crude
oil
into
petroleum
products
which
are
sold
through
branded
retail
outlets,
distributors,
industrial/commercial
accounts
and
major
oil
companies.
For
the
six
months
ended
6/30/01,
revenues
rose
8%
to
$532.4
million.
Net
income
totaled
$12.9
million,
up
from
$1.6
million.
Revenues
reflect
increases
in
refinery
average
selling
prices
and
retail
merchandise
sales.
Earnings
also
reflect
improved
margins
due
to
lower
cruel
oil
prices. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Acridge, 60 Chairman,
Pres, CEO | $1.1M | Mark Cox, 42 CFO,
VP, Treasurer, Assistant Sec. | -- | Jack Keller, 56 Pres
of the Company's Phoenix Fuel Strategic Bus. | 424K | Fredric Holliger, 53 Exec.
VP, COO, Director | 480K | C. Leroy Crow, 50 Exec.
VP of the Company's Refining Group Strategic Bus. Unit | 429K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|