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Fuel Services history
Fuel Services company history timeline
A new subsidiary, International Petroleum Corporation of Delaware, was formed in April 1993 upon the completion of an oil and water recycling plant in Wilmington.
World Fuel's revenues were about $500 million in fiscal 1996.
Bunkerfuels had 1998 earnings of $1.7 million on revenues of $84 million.
Plans to form a subsidiary in Indonesia, PT World Fuel Services, were announced in April 1999.
Earlier in 1999, the company had taken a $2.2 million charge related to bad debts, particularly in Ecuador.
Company President Jerrold Blair was named chairman and CEO in August 2000 upon the retirement of fellow cofounder Ralph R. Weiser.
A rise in world fuel prices in the winter of 2000-01 helped send belt-tightening customers to the firm.
Total revenues increased 27 percent to $1.5 billion for the fiscal year ending March 31, 2001.
2001: PAFCO joint venture increases World Fuel's involvement in corporate aviation.
2004 Acquisition Tramp Oil acquisition increases marine revenue by approximately 60 percent
2008 Acquisition Texor acquisition expands branded distribution in land segment
2010 Acquisition Lakeside Oil and Western Petroleum acquisitions expand US land segment
2011 Acquisition Hiller and Ascent Acquisitions expand business aviation offering
2015 Acquisition WFS acquires Bergen Energi to grow energy & sustainability practice WFS acquires energy management & consulting firm, KTM, Inc.
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Fuel Services competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| G.E.T. Enterprises | 1984 | $30.0M | 350 | - |
| Apple Farm Service | 1956 | $7.1M | 50 | - |
| YoYo.com | 2011 | $8.5M | 150 | 2 |
| Pepper | 1885 | $720,000 | 25 | 2 |
| Kitchen Craft | - | $1.0M | 25 | 19 |
| All American Foods | 1987 | $13.8M | 1 | - |
| Endura | 1992 | $217.0M | 5 | 7 |
| Lorenzo International | - | $4.2M | 125 | 2 |
| Quick | - | $650,000 | 10 | 58 |
| JRS | 2000 | $290,000 | 5 | 1 |
Fuel Services history FAQs
Zippia gives an in-depth look into the details of Fuel Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fuel Services. The employee data is based on information from people who have self-reported their past or current employments at Fuel Services. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fuel Services. The data presented on this page does not represent the view of Fuel Services and its employees or that of Zippia.
Fuel Services may also be known as or be related to FUEL, Fuel, Fuel Inc and Fuel Services.