Hollyfrontier's Suppliers recorded an increase in sales by 40.6 % year on year in Q4 2021, sequentially sales grew by 42.59 %, Hollyfrontier recorded an increase in cost of sales by 98.17 % year on year, sequentially cost of sales grew by 30.15 % in Q4.
Hollyfrontier's Suppliers recorded an increase in sales by 40.6 % year on year in Q4 2021, sequentially sales grew by 42.59 %, Hollyfrontier recorded increase in cost of sales by 98.17 % year on year, sequentially cost of sales grew by 30.15 % in Q4.
Both of our Mid-Continent Refineries are connected via pipeline to Cushing,
Oklahoma, a significant crude oil pipeline trading and storage hub. The El Dorado
Refinery and the Tulsa Refineries are located approximately 125 miles and 50
miles, respectively, from Cushing, Oklahoma. Local pipelines provide direct
access to regional Oklahoma crude production as well as access to United States
onshore and Canadian crudes. The proximity of the refineries to the Cushing
pipeline and storage hub provides the flexibility to optimize their crude slate
with a wide variety of crude oil supply options. Additionally, we have transportation
service agreements to transport Canadian crude oil on the Spearhead and Keystone
Pipelines, enabling us to transport Canadian crude oil to Cushing for subsequent
shipment to either of our Mid-Continent Refineries.
Hollyfrontier's Comment on Supply Chain
Both of our Mid-Continent Refineries are connected via pipeline to Cushing,
Oklahoma, a significant crude oil pipeline trading and storage hub. The El Dorado
Refinery and the Tulsa Refineries are located approximately 125 miles and 50
miles, respectively, from Cushing, Oklahoma. Local pipelines provide direct
access to regional Oklahoma crude production as well as access to United States
onshore and Canadian crudes. The proximity of the refineries to the Cushing
pipeline and storage hub provides the flexibility to optimize their crude slate
with a wide variety of crude oil supply options. Additionally, we have transportation
service agreements to transport Canadian crude oil on the Spearhead and Keystone
Pipelines, enabling us to transport Canadian crude oil to Cushing for subsequent
shipment to either of our Mid-Continent Refineries.
HFC's Suppliers Net Income grew by
HFC's Suppliers Net margin grew in Q4 to
89.14 %
18.22 %
HFC's Suppliers Net Income grew by 89.14 %
HFC's Suppliers Net margin grew in Q4 to 18.22 %
Hollyfrontier's Suppliers Sales Growth
in Q4 2021 by Industry
Sources:
Hollyfrontier Corp's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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