Company description

Par Pacific Holdings, Inc., ticker symbol PARR, is a publicly traded company that specializes in the production, marketing, and transportation of refined products. The roots of the company can be traced back to 1992 when it was established as a spin-off from Pacific Resources, Inc. Over the years, the company has undergone various name changes and mergers, eventually becoming Par Pacific Holdings, Inc. in 2015. Today, the company has a strong presence in the energy industry, with operations in Hawaii, Wyoming, and the western United States. PARR owns and operates three refineries, with a combined processing capacity of 189,000 barrels per day. This allows the company to produce a wide range of products such as gasoline, diesel, jet fuel, and asphalt. PARR also has a strategic partnership with Sinclair Oil Corporation, which enhances its supply and distribution capabilities. In addition to refining, the company also has a presence in retail and wholesale distribution of fuel and lubricants, making it a vertically integrated energy company. PARR places a strong emphasis on environmental responsibility and safety, with ongoing initiatives to reduce emissions and improve operational efficiencies. With a team of highly experienced professionals and a commitment to innovation, Par Pacific Holdings, Inc. is well-positioned for continued growth and success in the energy industry.