Giant Industries, Inc. - Introduction

Introduction

23733 North Scottsdale Road
Scottsdale, Arizona 85255-3410
U.S.A.
Telephone: (480) 585-8888
Toll Free: (800) 937-4937
Fax: (480) 585-8948
Web site: http://www.giant.com

Public Company
Incorporated: 1969
Employees: 2,465
Sales: $1.29 billion (2002)
Stock Exchanges: New York
Ticker Symbol: GI
NAIC: 324110 Petroleum Refineries; 422710 Petroleum Bulk Stations and Terminals; 422720 Petroleum and Petroleum Products Wholesalers (Except Bulk Stations and Terminals); 447110 Gasoline Stations with Convenience Stores; 454311 Heating Oil Dealers; 454319 Other Fuel Dealers

Giant Industries, Inc. is a refiner and marketer of petroleum products based in Scottsdale, Arizona. Most of the company's operations are in the southwestern portion of the United States, centering on the Four Corners area—where Utah, Colorado, New Mexico, and Arizona converge. These include two crude oil refineries located in New Mexico, near Gallup and Farmington; a crude oil gathering operation based in Farmington with approximately 239 miles of pipeline; two distribution terminals for finished petroleum products in Flagstaff, Arizona, and Albuquerque, New Mexico; a transportation company with 32 trucks that carry crude and finished petroleum products to its own service stations in the Four Corners area; and 127 service stations that include either convenience stores or kiosks, which are located in New Mexico, Arizona, and Colorado. The vast majority of the service stations are branded under one of three names: Giant, Mustang, or Conoco—the former two are company-owned monikers, while the latter is used under a licensing agreement with oil giant ConocoPhillips. In addition, Giant owns Phoenix Fuel Co., Inc., an industrial/commercial wholesale distributor of petroleum products, including diesel fuel, gasoline, jet fuel, kerosene, and motor oil; Phoenix Fuel is primarily active in Arizona but also serves customers in Nevada, New Mexico, and Texas. During 2002 Giant Industries gained a foothold on the East Coast—and more than doubled its refinery capacity—through the acquisition of a crude oil refinery in Yorktown, Virginia, from BP p.l.c.