BNET Industries
Market Cap:$15.5M
Last Fiscal Year Sales:$15.3B
- Public
- US
Dow Jones Description
Refiner of Petroleum Products
Number of Employees 2,300
Peer Companies
NAICS Code Petroleum Refineries: 324110
News & Analysis
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premcor inc. - All News and Analysis
Valero to acquire Premcor in $8-billion transaction.(Valero Energy Corp. acquired Premcor Inc.)
On April 25, San Antonio-based Valero Energy Corp. and Premcor Inc., Old Greenwich, Conn., announced that the companies had executed a merger agreement for Valero to acquire Premcor in an $8-billion transaction. As a result, Valero will add four refineries and 790,000 barrels-per-day of throughput capacity...
RATINGS GROUP SEES IMPROVED OUTLOOK FOR PREMCOR, SUBSIDIARIES
Fitch Ratings has revised the outlook on Premcor Refining Group and Port Arthur Finance Corp. from "Stable" to "Positive." The revision reflects the improvements in the operating base and capital structure of Premcor Inc. since the company's initial public offering in 2002, Fitch said in a report issued Thursday.Premcor's sizable...
PREMCOR, ENCANA EYE HEAVY CRUDE UPGRADING PROJECT AT OHIO REFINERY
Premcor Inc. is considering a major upgrade at its Lima, Ohio, refinery that would enable the plant to process 200,000 b/d of heavy oil produced at EnCana Corp.'s Canadian oil sands operations. After the completion of an on-going feasibility study, Premcor and EnCana may have decided to upgrade...
Oil Refiner Will Close Office in Clayton, Mo., Lay Off Most Staff.
By Thomas Lee, St. Louis Post-Dispatch Knight Ridder/Tribune Business News May 30--Oil refiner Premcor Inc. of Old Greenwich, Conn., said Thursday that it will shutter its office in Clayton and will lay off most of its 110-person administrative staff. ...
Premcor to Boost Port Arthur, Texas, Refinery's Capacity.
By Dan Wallach, The Beaumont Enterprise, Texas Knight Ridder/Tribune Business News May 21--PORT ARTHUR, Texas--Premcor Inc. plans to invest as much as $220 million to expand its Port Arthur refinery's capacity by 30 percent, with daily crude oil processing at 325,000 barrels....
PREMCOR INC(PCO) - Quantitative Valuation Report.
M2 PRESSWIRE-9 March 2003-Research and Markets: PREMCOR INCPCO - Quantitative Valuation ReportC1994-2003 M2 COMMUNICATIONS LTD RDATE:03082003 Company Name - PREMCOR INC Now you, as an individual investor or investment professional, can have access to the same tools used by...
PREMCOR SELLS $294 MILLION OF COMMON STOCK
Premcor Inc. (NYSE: PCO) completed its public offering of 12.5 million shares of common stock at $20 each. Also, in a private placement completed concurrently with the closing of the public offering, an aggregate of 2,860,400 shares were purchased at the public offering price less underwriting commissions, or $19.20 per...
PREMCOR'S $525 MILLION DEBT OFFERING EARMARKED FOR MEMPHIS PURCHASE
Premcor Inc. continued to finance its acquisition of Williams' Memphis refinery, and last week issued $525 million in Senior Notes. The issue was for a $175 million package at 9.15% interest due in 2010 and another $350 million at 9.5% interest due in 2013. Completion of the offering is expected...
Premcor to buy Memphis refinery.(Premcor Inc. signs definitive agreement with The Williams Cos.)
Premcor Inc. of Old Greenwich said it has signed a definitive agreement with The Williams Cos. to buy a Memphis, Tenn., refinery and related supply and distribution assets for about $465 million. Premcor will pay $315 million for the assets plus the value of ...
Fitch Ratings Affirms Premcor
Business Editors CHICAGO--BUSINESS WIRE--Dec. 2, 2002 On Nov. 26, 2002, Premcor Inc. announced that it has entered into an agreement with the Williams Companies Williams to acquire the 170,000 barrel per day bpd Memphis refinery from Williams for $315 million plus the value of inventory. The agreement also...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Jefferson F. Allen | CEO |
| Joseph D. Watson | CFO & Senior Vice President |
| Michael D. Gayda | General Counsel, Senior Vice President & Secretary |
| Chet Kuchta | Vice President, Crude Oil, Domestic & Intl |
| Donald F. Lucey | Vice President, Commercial Operations |
| Edward R. Jacoby | Vice President, Wholesale Marketing & Distr |
| Karyn Ovelmen | Vice President, Investor Relations |
| Peter Terenzio | Vice President, HR |
| Colin Murray | Manager, Investor Relations |
| Dennis R. Eichholz | Senior Vice President, Finance & Controller |
| Robert L. Friedman | Director |
| Wayne A. Budd | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Eija Malmivirta | Chairman of the Board |
| Thomas D. O'Malley | Chairman |
| Edward F. Kosnik | Board of Directors |
| Marshall A. Cohen | Board of Directors |
| Richard C. Lappin | Board of Directors |
| Wilkes McClave III | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | CEO | Current |
| Premcor Inc. | Board of Directors | Current |
Joe Watson is the Chief Financial Officer for PES. Joe was formerly Premcor's CFO, where he took the company public in 2002, raising over $500 million. He was instrumental in the meteoric rise in Premcor's capacity and stock price, culminating in a sale of the Premcor to Valero Energy Corporation in 2005 for more than $8 billion. Prior to his Premcor experience, Joe held senior level executive positions at Phillips and Tosco. Joe has a BA degree from Princeton University and a P.M.D. from Harvard Business School.
| Organization | Position | Status |
|---|---|---|
| Bq Energy | Chief Financial Officer for Pes | Current |
| Pes, Inc. | Chief Financial Officer | Current |
| Premcor Inc. | CFO & Senior Vice President | Current |
| Premcor Inc. | Board of Directors | Current |
| Valero Energy Corporation | Former | |
| Harvard Business School | M.D. | Former |
| Princeton University | Ba Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | General Counsel, Senior Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Vice President, Crude Oil, Domestic & Intl | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Vice President, Commercial Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Vice President, Wholesale Marketing & Distr | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Vice President, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Manager, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Senior Vice President, Finance & Controller | Current |
| Premcor Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kemira Oyj | member | Current |
| Premcor Inc. | Chairman of the Board | Current |
| Premcor Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Chairman | Current |
| Premcor Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Buckeye Partners, L.P. | Director | Current |
| Premcor Inc. | Board of Directors | Current |
| Marquette University | Board of Directors | Current |
| Berwind Corporation | Chief Executive Officer | Former |
| Berwind Corporation | President | Former |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Blackstone Group | Chief Legal Officer | Current |
| Blackstone Corporation | Chief Legal Officer | Current |
| The Blackstone Group L.P. | Senior Managing Director and Chief Legal Officer | Current |
| New Alternatives for Children, Inc | Senior Managing Director, Chief Administrative Officer | Current |
| Blackstone Corporation | Senior Managing Director | Current |
| NYSE Group, Inc. | Current | |
| AXIS Capital Holdings Limited | Director | Current |
| New Alternatives for Children, Inc | Board of Directors | Current |
| TRW Automotive Holdings, Corp. | Director | Current |
| Financial Guaranty Insurance Company | Board of Directors | Current |
| Premcor Inc. | Director | Current |
| Northwest Airlines Corporation | Director | Current |
| New Alternatives, Inc | Board of Directors | Current |
| Nantucket Land Council, Inc. | Board of Directors | Current |
| Blackstone Group | Senior Managing Director | Former |
| Simpson Thacher & Bartlett Llp | partner | Former |
| Columbia College | Board Member | Former |
| University of Pennsylvania Law School | JD | Former |
| Columbia College | Graduate | Former |
| Organization | Position | Status |
|---|---|---|
| Goodwin Procter LLP | Senior Executive Vice President | Current |
| Premcor Inc. | Director | Current |
| McKesson Corporation | Board of Directors | Current |
| Greater Boston Chamber of Commerce, Inc. | vice chairman | Current |
| Manulife Financial Corporation | Senior Vice President | Former |
| Goodwin Procter LLP | Senior Partner | Former |
| Goodwin Procter LLP | Senior Counsel | Former |
| United States, Inc. | Associate Attorney General | Former |
| Wheaton College | Trustee | Former |
| BankBoston International | Former | |
| John Hancock Life Insurance Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Premcor Inc. | Board of Directors | Current |
Executive News
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UPDATE 1-Valero says not interested in buying Petroplus
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UPDATE 1-Valero says not interested in buying Petroplus
Industry Transcripts by Seeking Alpha
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StealthGas Inc. Q3 2009 Earnings Call Transcript
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on Nov 12, 2009about ORA
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Evolution Petroleum Corp F1Q10 (Qtr End 30/09/09) Earnings Call Transcript
on Nov 12, 2009about EPM
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EnCana Corporation Q3 2009 Earnings Call Transcript
on Nov 12, 2009about ECA
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