HollyFrontier Looks to Brighter, Greener 2022
SUGAR LAND--February 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--While most U.S. refiners fared well in fourth-quarter 2021, the stars weren't quite so aligned for HollyFrontier Corporation (NYSE:HFC) (Dallas, Texas). The company narrowed its fourth-quarter 2021 net loss to $39.5 million from a loss of $117.7 million in fourth-quarter 2020, but it was still in the red, largely due to unplanned outages and weather events. Nevertheless, the refiner is looking toward a more profitable and greener future as it focuses on renewable diesel projects and sees major acquisitions from Sinclair Oil Corporation (Salt Lake City, Utah).
Other companies featured: Shell (NYSE:SHEL)
