BNET Industries

Market Cap:$1.1B
Last Fiscal Year Sales:$5.1B
  • Public
  • US
Dow Jones Description

Founded as Wainoco Oil in 1949, Frontier Oil Corporation has evolved over the years from an oil and gas exploration company into a refining and marketing company serving the Rocky Mountain and Plains States regions.

President & CEO
Michael C. Jennings
Number of Employees 860
Contact Information

10000 Memorial Dr Ste 600

Houston, Texas 77024-3412

frontieroil.com

(713) 688-9600

NAICS Code Petroleum Refineries: 324110

Recent Events

  • Soleil Securities Maintains a 'Hold' on Frontier Oil FTO; Lowers PT & Estimates

    11/23/09 - Bond / Stock Rating - View Story

  • Frontier Oil Corp names Franklin Myers to board

    11/20/09 - Board Member - Entering - View Story

  • Frontier Oil Announces Change to LIFO Inventory Valuation Method and Declaration of Quarterly...

    11/18/09 - Stock Split / Dividend - View Story

  • Frontier Oil plans to fight EPA penalty

    11/15/09 - Legal Settlement - View Story

  • Frontier's Q3 earnings fall as refining demand remains slow

    11/06/09 - Financial Announcement - View Story

  • Frontier Oil Plans Earnings Release and Conference Call November 5

    9/30/09 - Financial Announcement - View Story

  • Frontier Oil FTO Declares Dividend of 6c, Yielding 1.80%

    9/11/09 - Stock Split / Dividend - View Story

  • Frontier Oil 2Q profit drops 16 pct on weak demand

    8/06/09 - Financial Announcement - View Story

News & Analysis

finance and frontier oil corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Michael C. Jennings President & CEO
Douglas S. Aron CFO & Executive Vice President
Nancy J. Zupan Chief Accounting Officer & Vice President
Paul Eisman Executive Vice President, Refining & Marketing Operations
W. Paul Eisman Executive Vice President, Refining & Marketing Operations
W. Reed Williams Executive Vice President, Refining & Marketing Operations
Wallace P Eisman Executive Vice President, Refining & Marketing
Currie Bechtol Vice President, General Counsel
Gerald B. Faudel Vice President, Corporate Relations
J. Currie Bechtol Vice President, General Counsel
Jon D. Galvin Vice President
Kent Olsen V.P. Product Supply, Marketing and Logistics
Leo J. Hoonaker Vice President, Treasurer
Mr Leo J Hoonakker Treasurer & Vice President
James H. Lee Managing General Partner and Principal Owner of Lee, Hite & Wisda Ltd.
Jami Moore Wholesale Manager
Mr Brad Cravens Manager
Nancy Callaway Account Manager, Logistics & Specialty Oils Sales
Tom Johnson Manager
Tom Mitchell Regional Manager
Ashley Braden Wholesale Fuels Marketing Rep
Ashley Sheeks Wholesale Fuels Marketing Rep
Barbara Whitney Marketing Analyst
Diann Cloud West Side Light Oils Coordinator
Hala Isom East Side Light Oils Coordinator
Joy McCain Marketing Analyst
Mr Billy Rigby
Paul B. Loyd Executive-In-Residence for J.P. Morgan Capital Partners
T. Michael Dossey Management Consultant
G. Clyde Buck Director

Board of Directors

Name (plus bio) Position
James R. Gibbs Chairman
Michael E. Rose Chairman
Carl W. Schafer Board of Directors
Douglas Y. Bech Board of Directors
James S Palmer Board of Directors

Mr. Jennings was named President & Chief Executive Officer on January 1, 2009 and was elected a Director of the Company in November 2008. He joined Frontier in June 2005 as Executive Vice President & Chief Financial Officer. Mr. Jennings came to Frontier with 18 years experience in finance and acquisitions with Cooper Cameron, Unimin Corporation, British Petroleum and U.S. Trust Company of New York. Prior to joining Frontier he was most recently Vice President & Treasurer at Cooper Cameron Corporation. He earned an MBA in finance and accounting from the University of Chicago and a B.A. in economics and government from Dartmouth College.

Organization Position Status
Frontier Oil Corporation President & CEO Current
Frontier Oil Corporation Board of Directors Current
Frontier Oil Corporation Chief Financial Officer Current
Frontier Oil Corporation Executive Vice President Current
British Petroleum Finance and Acquisitions Positions Former
Unimin Corporation Finance and Acquisitions Positions Former
Frontier Corporation Former
Cameron International Corporation Treasurer Former
Dartmouth College MBA In Finance Former
University of Chicago MBA In Finance Former
Dartmouth College B.A. In Economics Former

Mr. Aron was named Executive Vice President & Chief Financial Officer in January of 2009. Mr. Aron had previously been Vice President – Corporate Finance since May 2005. He joined Frontier in 2001 as Director – Investor Relations. Prior to joining Frontier, Mr. Aron was a lending officer for Amegy Bank. He earned an MBA from Rice University and a Bachelor of Journalism in public relations from the University of Texas at Austin.

Organization Position Status
Frontier Oil Corporation CFO & Executive Vice President Current
Frontier Oil Corporation Vice President, Corp Finance Former

Ms. Nancy J. Zupan was named Vice President & Chief Accounting Officer in January of 2009. She had previously been Vice President - Controller since 2001. Ms. Zupan has been controller for the Company's subsidiaries since Frontier acquired the Cheyenne Refinery in 1991 and held the same position for the prior owners since 1987. Prior to 1986, Ms. Zupan had been employed by Husky Oil Company, the predecessor owner of the Cheyenne Refinery, where she began her career in Cody, Wyoming in 1977 after graduating from the University of Wyoming. A native of Wyoming, Ms. Zupan works in the Denver office of Frontier Oil Corporation.

Organization Position Status
Frontier Oil Corporation Chief Accounting Officer & Vice President Current
Frontier Oil Corporation Vice President, Controller Former
University of Wyoming Graduate Former

Mr. Paul Eisman joined the company in March of 2006 as Executive Vice President Refining and Marketing Operations. Mr. Eisman brings to Frontier an extensive background in petroleum refining, most recently as Vice President of Business Development for KBC Advanced Technologies, a UK-based consultancy to refining and process industries. Prior to joining KBC, Mr. Eisman worked for Valero Energy Corporation (and predecessor companies) for 24 years in senior management positions, most recently as Senior Vice President - Economics and Planning. Also at Valero, Mr. Eisman held the position of Senior Vice President of Refining and Commercial Operations, where he was generally responsible for the operations of Ultramar Diamond Shamrock's six petroleum refineries and associated crude oil supply and marketing functions. In addition, he served as Plant Manager at Valero's 175,000 bpd refinery in McKee, Texas. Mr. Eisman, 50, holds a Bachelor of Science degree in Chemical Engineering from Texas Tech University.

Organization Position Status
Frontier Oil Corporation Executive Vice President, Refining & Marketing Operations Current
Frontier Corporation Current
Valero Energy Corporation Senior Vice President of Refining and Commercial Operations Former
Valero Energy Corporation Plant Manager Former
Valero Energy Corporation Senior Management Positions Former
Texas Tech University Bachelor of Science Degree In Chemical Engineering Former

Mr. Paul Eisman joined the company in March of 2006 as Executive Vice President Refining and Marketing Operations. Mr. Eisman brings to Frontier an extensive background in petroleum refining, most recently as Vice President of Business Development for KBC Advanced Technologies, a UK-based consultancy to refining and process industries. Prior to joining KBC, Mr. Eisman worked for Valero Energy Corporation (and predecessor companies) for 24 years in senior management positions, most recently as Senior Vice President - Economics and Planning. Also at Valero, Mr. Eisman held the position of Senior Vice President of Refining and Commercial Operations, where he was generally responsible for the operations of Ultramar Diamond Shamrock's six petroleum refineries and associated crude oil supply and marketing functions. In addition, he served as Plant Manager at Valero's 175,000 bpd refinery in McKee, Texas. Mr. Eisman, 50, holds a Bachelor of Science degree in Chemical Engineering from Texas Tech University.

Organization Position Status
Frontier Oil Corporation Executive Vice President, Refining & Marketing Operations Current
Texas Tech University Bachelor of Science Degree In Chemical Engineering Former

Organization Position Status
Frontier Oil Corporation Executive Vice President, Refining & Marketing Operations Current

Organization Position Status
Frontier Oil Corporation Executive Vice President, Refining & Marketing Current

Organization Position Status
Frontier Oil Corporation Vice President, General Counsel Current

Mr. Gerald B. Faudel has been Vice President - Government Relations and Environmental Affairs since February 2000. Mr. Faudel had previously been Vice President-Safety and Environmental Affairs and had served in similar capacities since November 1993. From October 1991 through November 1993, Mr. Faudel was Director of Safety, Environmental and External Affairs of the refining subsidiaries of the Company. Mr. Faudel was employed by Frontier Oil Corporation from October 1989 through October 1991 as Director of Safety, Environmental and External Affairs. Prior to October 1989, Mr. Faudel was employed with Tosco Corporation's Avon Refinery as Manager of Hazardous Waste and Wastewater Program.

Organization Position Status
Frontier Oil Corporation Vice President, Corporate Relations Current
Frontier Oil Corporation Director of Safety, Environmental and External Affairs Former

Mr. J. Currie Bechtol (67) has been Vice President-General Counsel of the Company since January 1998 and became Secretary of the Company in August 2000. Prior to joining the Company, Mr. Bechtol was in private legal practice for 28 years, most recently with Hutcheson & Grundy L.L.P. from 1984 until joining the Company.

Organization Position Status
Frontier Oil Corporation Vice President, General Counsel Current
Frontier Oil Corporation General Counsel Former

Mr. Jon D. Galvin is Vice President of the Company. He was appointed to this position in September 1997. Mr. Galvin has been the Chief Financial Officer of the Company's Frontier refining subsidiaries since February 1992. Previously, he had spent 15 years with Arthur Andersen, ultimately as Audit Principal.

Organization Position Status
Frontier Oil Corporation Vice President Current

Organization Position Status
Frontier Oil Corporation V.P. Product Supply, Marketing and Logistics Current

Mr. Leo J. Hoonakker was named Vice President - Treasurer in August of 2008. He has worked for Frontier and its predecessor companies for over 20 years and as Treasurer of Frontier Oil Corporation since 2005. Prior to joining Frontier, Mr. Hoonakker was a lending officer for First Interstate Bank (Wells Fargo). He has nearly 40 years of credit and cash management experience.

Organization Position Status
Frontier Oil Corporation Vice President, Treasurer Current

Organization Position Status
Frontier Oil Corporation Treasurer & Vice President Current

Mr. James H. Lee is Managing General Partner and principal owner of Lee, Hite & Wisda Ltd., an oil and gas consulting firm which he founded in 1984. From 1981 to 1984, Mr. Lee was a Principal with the oil and gas advisory firm of Schroder Energy Associates. He had prior experience in investment management, corporate finance and mergers and acquisitions at Cooper Industries Inc. and at White, Weld & Co. Incorporated. Mr. Lee is a member of the Board of Directors of Forest Oil Corporation, an oil and gas exploration and production company. Mr. Lee is being nominated to the Board of Directors of the Company for the first time to fill a vacancy.

Organization Position Status
Frontier Oil Corporation Managing General Partner and Principal Owner of Lee, Hite & Wisda Ltd. Current
Forest Oil Corporation Board of Directors Current
Frontier Oil Corporation Director Current
Cooper Industries Ltd. Managemet Positions Former

Organization Position Status
Frontier Oil Corporation Wholesale Manager Current
Frontier Oil Corporation Wholesale Fuels Marketing Rep Former

Organization Position Status
Frontier Oil Corporation Manager Current

Organization Position Status
Frontier Oil Corporation Account Manager, Logistics & Specialty Oils Sales Current

Organization Position Status
Frontier Oil Corporation Manager Current

Organization Position Status
Frontier Oil Corporation Regional Manager Current

Organization Position Status
Frontier Oil Corporation Wholesale Fuels Marketing Rep Current

Organization Position Status
Frontier Oil Corporation Wholesale Fuels Marketing Rep Current

Organization Position Status
Frontier Oil Corporation Marketing Analyst Current

Organization Position Status
Frontier Oil Corporation West Side Light Oils Coordinator Current

Organization Position Status
Frontier Oil Corporation East Side Light Oils Coordinator Current

Organization Position Status
Frontier Oil Corporation Marketing Analyst Current

Organization Position Status
Frontier Oil Corporation Current

Mr. Paul B. Loyd serves as Chairman and Chief Executive Officer of R&B Falcon Corporation, the world's largest offshore drilling company since December 1997. R&B Falcon Corporation was the result of the 1997 merger of Reading & Bates Corporation and Falcon Drilling, Inc. and the subsequent acquisition of Cliffs Drilling Company in late 1998. Mr. Loyd was the Chairman of the Board of Reading & Bates from April 1991 until December 1997. Mr. Loyd was Assistant to the president of Atwood Oceanics International, President of Griffin-Alexander Company from 1984 to 1987, Chief Executive Officer of Chiles-Alexander International, Inc. from 1987 to 1989, all of which are companies in the offshore drilling industry. He has served as consultant to the Government of Saudi Arabia, and was a founder and principal of Loyd & Associates, Inc., an investment company focusing on the energy industry. Mr. Loyd is a member of the Board of Directors of Carrizo Oil & Gas, Inc., an oil and gas exploration and production company. He was appointed a director of the Company in 1994.

Organization Position Status
Frontier Oil Corporation Executive-In-Residence for J.P. Morgan Capital Partners Current
Frontier Oil Corporation Board of Directors Current
Carrizo Oil & Gas, Inc. Board Director Current

Mr. T. Michael Dossey has been a management consultant located in Houston, Texas since April 2000. From April 2000 through September 2002, Mr. Dossey was a management consultant affiliated with the Adizes Institute of Santa Barbara, California. Prior to April 2000, Mr. Dossey spent 35 years with Shell Oil Company and its affiliates. Prior to his retirement from Shell, his last assignment with Shell was General Manager-Mergers and Acquisitions for Equilon Enterprises LLC, an alliance between the domestic downstream operations of Shell and Texaco. He also had been Vice President and Business Manager for Shell Deer Park Refining Company, which was a joint venture operation with Pemex. Previously, he spent several years in Saudi Arabia where he was General Operations Manager for Saudi Petrochemical Company, a joint venture between Shell and the Saudi Arabian government. Earlier in his career, Mr. Dossey’s positions included various business and operational positions in Shell’s refining and petrochemical operations domestically and in Europe. He was appointed a director of the Company in 2000.

Organization Position Status
Frontier Oil Corporation Management Consultant Current
Frontier Oil Corporation Board of Directors Current
Shell Oil Company General Manager, Mergers and Acquisitions Former
Adizes Institute Management Consultant Former
Adizes Former

Mr. James R. Gibbs joined the Company in February 1982 and has been President and Chief Operating Officer since January 1987. He assumed the additional position of Chief Executive Officer on April 1, 1992 and additionally became Chairman of the Board on April 29, 1999. Mr. Gibbs is a member of the Board of Directors of Smith International, Inc., an oil field service company; an advisory director of Frost National Bank in Houston; a director of Veritas DGC Inc., a seismic service company; and a director of Talon International, an oil and gas company. Mr. Gibbs was elected a director of the Company in 1985.

Organization Position Status
Frost National Bank Advisory Director Current
Frontier Oil Corporation Chairman Current
Smith International, Inc. Board Director Current
Veritas DGC Inc. Board Director Current
Frontier Oil Corporation Chief Executive Officer Former
Frontier Oil Corporation Board of Directors Former

Mr. Michael E. Rose has been involved in private investments since retiring from Anadarko Petroleum Corporation, one of the nation’s largest independent oil and gas companies (“Anadarko”), in January 2004. Mr. Rose had been with Anadarko for 24 years prior to his retirement, and from August 2000 until January 2004 he served as Executive Vice President Finance & Chief Financial Officer of Anadarko. He also served as Senior Vice President Finance & Chief Financial Officer from January 1993 until August 2000 and prior to that time was Vice President Finance & Chief Financial Officer from January 1987 until January 1993. From May 1981 until January 1987 he was Vice President & Controller of Anadarko. From 1971 until joining Anadarko as their Chief Accountant in 1978, he held a variety of positions with Atlantic Richfield Company, an integrated oil company now owned by BP. He was appointed a director of the Company in 2005.

Organization Position Status
Frontier Oil Corporation Chairman Current
Woodforest Financial Group, Inc. Board Director Current
Frontier Oil Corporation Director Current
Anadarko Petroleum Corporation Chief Financial Officer Former
Anadarko Petroleum Corporation Executive Vice President Former

Organization Position Status
Frontier Oil Corporation Board of Directors Current

Douglas Y. Bech has served as a director of j2 Global since November 2000. From August 1988 through November 2000, he served as a director of eFax.com. Since August 1997, Mr. Bech has served as Chairman and Chief Executive Officer of Raintree Resorts International, Inc., a company that owns and operates luxury vacation ownership resorts. Mr. Bech was a founding partner of and, since August 1994, has served as a Managing Director of Raintree Capital, LLC, a merchant banking firm. Prior to his present position, Mr. Bech practiced law, most recently from October 1994 to October 1997 as a partner with Akin, Gump, Strauss, Hauer & Feld, L.L.P. Mr. Bech currently serves on the board of Frontier Oil Corporation.

Organization Position Status
J2 Global Communications Independent Director Current
Global Communications, Inc. Board of Directors Current
Global Com LLC. Director Current
Frontier Oil Corporation Board of Directors Current
eFax.com Inc. Board Director Current
J2 Global Communications Director Current
Efax Corporate Director Current
Frontier Oil Corporation Chairman Former

Organization Position Status
Sanders Morris Harris Senior Vice President Current
Smith International, Inc. Board Director Current
Frontier Oil Corporation Director Current
Sanders Morris Harris Managing Director Corporate Finance Former

Organization Position Status
Frontier Oil Corporation Board of Directors Current

Executive News

  • VMware Announces Broad Customer Adoption of VMware View

    SYS-CON Media - 9/03/09 - View Story

  • Multimedia Update: VMware Leads in Virtual Desktops With VMware View(TM) -- Simplifying Desktop Management, Lowering

    Reuters - 9/02/09 - View Story

  • Multimedia Update: VMware Leads in Virtual Desktops With VMware View(TM) -- Simplifying Desktop Management, Lowering Costs and Enriching User Experience

    DMN Newswire - 9/02/09 - View Story

  • Multimedia Update: VMware Leads in Virtual Desktops With VMware

    Market Wire via MSN Money - 9/02/09 - View Story

  • VMware Leads in Virtual Desktops With VMware View(TM) -- Simplifying Desktop Management, Lowering Costs and Enriching

    Reuters - 9/02/09 - View Story

  • VMware Leads in Virtual Desktops With VMware View(TM) -- Simplifying Desktop Management, Lowering Costs and Enriching User Experience

    DMN Newswire - 9/02/09 - View Story

  • VMware Leads in Virtual Desktops With VMware View(TM) --

    Market Wire via MSN Money - 9/02/09 - View Story

  • NPRA Board elects Valero's Bill Klesse association chairman

    NPNweb.com - 8/14/09 - View Story

advertisement
     FTO $11.42 +0.12 (1.06% )
Average Volume 2,956,710
Shares Outstanding 104.66M
Market Cap 1.2B
Year High 18.4
Year Low 9.06
Earnings Per Share 0.08
P/E Ratio 142.75
Dividend 0.24
Yield 2.10
advertisement