- Petroplus
Infobox_Company
company_name = Petroplus AG
company_
company_type = Public (SWX: [http://www.swx.com/market/indices/spi/basket/quote_chart_en.html?id=CH0027752242CHF4&ref=CH0017810976CHF9 PPHN] )
company_slogan (historic) =
foundation = 1993
location =Zug ,Switzerland flagicon|Switzerland | key_people =Thomas D. O'Malley , CEO
Karyn F. Ovelmen , CFO industry = Oil and gas
products = OilNatural gas Petrochemicals
revenue = profit [US$] 6.923 billion (2006)
net_income = profit US$179.5 million (2006)
homepage = [http://www.petroplusholdings.com www.petroplusholdings.com]
num_employees = 1,750Petroplus is a Swiss oil company. It is the largest independent oil refining company in
Western Europe .History
The company started out as Petroplus International N.V. being based in the Netherlands. In 1997, it acquired the
Antwerp N.V. Refinery from the Daewoo Group. In August 1998, it was listed on theAmsterdam Stock Exchange . In May 2000, it bought theCressier Refinery , in Cressier, Switzerland from Shell Switzerland. In December 2000, it bought theTeesside Refinery inPort Clarence from Phillips Imperial Petroleum Ltd. In April 2005, it was delisted from the Euronext Amsterdam stock exchange when the company was acquired by a holding company. In May 2006, it bought theBRC Antwerp Refinery for $511m from Sovereign Holding Ltd (Bermuda ). In November 2006, the company went public on the Swiss Stock Exchange or SWX. In March 2007, it bought theIngolstadt Refinery fromExxonMobil for $425m. In June 2007, it bought the Coryton Refinery fromBP for $1.4bn. In April 2008, it bought the Petit Couronne and Reichstett Vendenheim Refineries, located in France from Shell for $785m.The company operates its assets in the European markets and as such is exposed to currency fluctuations against the US dollar - the currency in which it buys crude and sells refined products.
Refineries
*
Antwerp N.V. Refinery (Belgium)
*BRC Antwerp (Belgium)
*Cressier Refinery (Switzerland)
*Coryton Refinery (UK)
* Port Clarence Refinery (Teesside Refinery) (UK)
*Ingolstadt Refinery (Germany)
*Petit Couronne and Reichstett Vendenheim Refineries (France)References
* [http://www.petroplusholdings.com Company internet site]
* [http://investors.petroplusholdings.com/phoenix.zhtml?c=157968&p=irol-news&nyo=0]External links
* [http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7028134 BP sells the Coryton Refinery]
* [http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article1398137.ece February 2007 Times article]
* [http://finance.yahoo.com/q/h?s=PPHN.SW Petroplus at Yahoo! Finance]
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