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Giant Industries (NYSE: GI) was an oil refinery company headquartered in Scottsdale, Arizona in the United States. It owned three refineries, located at Bloomfield, New Mexico , Gallup, New Mexico , and Grafton, Virginia .
Company History: 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 ...
- Early History
- Expansion and Growth in The 1970s
- Consolidation and Profitability During The 1980s
- Acquisition-Fueled Growth in The 1990s
- Adding A Third Refinery in The Early 2000s
- Principal Subsidiaries
- Principal Competitors
- Further Reading
The founder of Giant Industries, Inc. has become one of the living legends in the Southwest. James E. Acridge started his rise to prominence in 1961 when, at the tender age of 21, he leased a small gasoline station in Glendale, Arizona, from Richfield Oil (later to change its name to Atlantic Richfield). Four years later, the ambitious young man le...
Fully aware that he was 15 years ahead of the market, Acridge built his second self-serve unit in 1970. The design of this unit was the forerunner of all subsequent self-serve gas stations. Under the world's largest gas station canopy up to that time, Acridge wanted to make it a pleasant experience for his customers to pump gas, so he piped in soft...
The 1980s were years of dramatic change for the company. In 1981 the major oil companies initiated a strategic campaign to squeeze out independent gas station entrepreneurs such as Acridge and reestablish themselves in markets from which they had long been absent. During the middle and late 1970s, independents had captured 55 percent of the gas sta...
During the early 1990s, Giant Industries continued its rapid growth. In 1993 the Travel Center alone reported that it pumped more than 20 million gallons of fuel. Over the years, the company had built up its transportation operation to include a fleet of 90 trucks that carried crude and finished petroleum products not only to its own facilities but...
Production of crude oil in the Four Corners region began declining in 1997, making it difficult for Giant to operate its two refineries at full capacity in a cost-efficient manner. The company therefore began seeking to acquire one or more refineries outside of its core area of operation. The abandoned merger with Holly was part of this effort, as ...
Giant Industries Arizona, Inc.; Giant Four Corners, Inc.; Giant Mid-Continent, Inc.; Phoenix Fuel Co., Inc.; DeGuelle Oil Company; Ciniza Production Company; Giant Stop-N-Go of New Mexico, Inc.; San JuanRefining Company; Giant Pipeline Company; Giant Yorktown, Inc.; Giant Yorktown Holding Company.
Exxon Mobil Corporation; ConocoPhillips; Valero Energy Corporation; Tesoro Petroleum Corporation; Marathon Ashland Petroleum LLC; Holly Corporation.
Barrett, William P., "The Mother of All Truck Stops," Forbes, April 12, 1993, pp. 116–18. Byrne, Harlan S., "Giant Industries," Barron's, May 13, 1991, pp. 31–32. "CEO of Giant Ousted, Move Said to Be Linked to Personal Loan," Oil Express, April 8, 2002, p. 5. Emond, Mark, "Giant Expands in Its Primary Market," National Petroleum News, June 1997, p...
Giant Industries purchased its second refinery in 1996, located in Bloomfield, New Mexico, from the Gary-Williams Energy Corporation. This acquisition helped the company to consolidate some of its refining operations, lower transportation costs, and improve production.
Find company research, competitor information, contact details & financial data for Giant Industries, Inc. of Toledo, OH. Get the latest business insights from Dun & Bradstreet.
- 900 N Westwood Ave, Toledo, 43607, OH
- Chief Executive Officer
Giant Industries Inc. Giant Industries, Inc. refines and markets petroleum products. The Company owns and operates crude oil refineries including a crude oil gathering pipeline system and a ...
Giant Industries is a manufacturer and distributor of high pressure water pumps, accessories and custom units; along with a range of towels. We pride ourselves on working with our customers to ...
