Company
World Kinect Corporation
Headquarters: Miami, FL, United States
Founded: 1984
Employees: 4,414
CEO: Mr. Michael J. Kasbar
Market Cap
$1.51 Billion
USD as of July 1, 2024
World Kinect Corporation Categories
United States Energy Oil & Gas Refining & MarketingUnited States Energy United States Oil & Gas Refining & Marketing
Top Competitors by Market Capitalization
Industry: Oil & Gas Refining & Marketing
Sector:
| Company | Market Cap (USD) |
|---|---|
| Aramco | $1.809 T |
| ExxonMobil | $514.81 B |
| Chevron | $282.20 B |
| PetroChina | $257.67 B |
| Shell | $230.97 B |
Detailed Description
World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform. The Land segment offers fuel, lubricants, heating oil, and related products and services to retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also provides sustainability solutions, such as renewable fuel products, carbon management, and renewable energy solutions; distributes fuel under long-term contracts to branded and unbranded distributors, convenience stores, and retail fuel outlets operated by third parties; distributes heating oil and unbranded fuel; and transportation logistics. The Marine segment markets fuel, lubricants, and related products and services to international container, dry bulk and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers. This segment also offers marine fuel-related services include management services to procurement of fuel, price risk management, cost control, quality control, and claims management services; and engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was formerly known as World Fuel Services Corporation and changed its name to World Kinect Corporation in June 2023. World Kinect Corporation was incorporated in 1984 and is headquartered in Miami, Florida.
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Stocks & Indices
World Kinect Corporation has the following listings and related stock indices.
Stock: NYSE: WKC wb_incandescent
Product & Services
Energy commodities, derivatives, Logistics, trading, transportation, financing
Key People
Michael J. Kasbar, Chairman & CEO
Financials
Revenue: US$39.75 billion (2018)
Operating income: US$259.7 million (2018)
Net income: US$127.7 million (2018)
Total assets: US$5.688 billion (2018)
Total equity: US$1.832 billion (2018)