| Business Summary | | Adams
Resources
&
Energy
Inc.
is
engaged
in
the
business
of
marketing
crude
oil,
natural
gas
and
petroleum
products,
tank
truck
transportation
of
liquid
chemicals
and
oil
and
gas
exploration
and
production.
Through
Gulfmark
Energy
Inc.,
the
Company
purchases
crude
oil
and
arranges
transportation
to
refiners
and
other
customers.
The
Company's
Adams
Resources
Marketing
Ltd.
subsidiary
operates
as
a
wholesale
purchaser,
distributor
and
marketer
of
natural
gas.
Through
Ada
Resources
Inc.,
the
Company
markets
branded
and
unbranded
refined
petroleum
products,
such
as
motor
fuels
and
lubricants.
Through
its
Service
Transport
Company
subsidiary,
the
Company
transports
liquid
chemicals
on
a
"for
hire"
basis
throughout
the
Continental
United
States
and
Canada.
The
Company
is
actively
engaged
in
the
exploration
and
development
of
domestic
oil
and
gas
properties
primarily
in
the
state
of
Texas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Adams
Resources
and
Energy
engages
in
the
business
of
oil
and
gas
exploration
and
production,
crude
oil
and
petroleum
marketing
and
tank
truck
transportation.
For
the
six
months
ended
6/30/01,
revenues
fell
34%
to
$2.61
billion.
Net
income
before
accounting
change
fell
98%
to
$114
thousand.
Results
reflect
a
decrease
in
price
spreads
or
margins
due
to
the
weak
refiner
demand
for
domestic
crude
oil
and
an
increase
in
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| K. Adams, Jr., 78 Chairman,
Pres and CEO | $325K | Lee Beauchamp, 48 Pres
of Ada Resources, Inc. | -- | James Moore, lll, 60 Pres
of Adams Resources Exploration Corp. | 174K | Richard Abshire, 48 VP-
Fin. and Pres. of Gulfmark Energy, Inc. and Adams Resources Marketin | 410K | Claude Lewis, 57 VP-
Land Transportation and Pres of Service Transport Company | 197K | 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
|
|