El Paso Corporation · Houston, TX United States
Company Description
Phone: 713-420-2600
Fax: 713-420-4417
Rankings
- #443 in FORTUNE 500
- S&P 500
More Companies in: Houston, Texas
More Companies in These Related Industries: Oil & Gas Extraction, Natural Gas Pipelines
View El Paso Corporation Locations On A US Map
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This link will open in a new window Out in the West Texas town of El Paso, this company fell in love with the natural gas industry. Founded in 1928 in its namesake city, El Paso Corp. is primarily engaged in gas transportation and storage, oil and gas exploration and production, and gas gathering and processing. Operator of the largest gas transportation system in the US, El Paso has interests in 42,000 miles of interstate pipeline. Subsidiary El Paso Exploration and Production has estimated proved reserves of 2.3 trillion cu. ft. of natural gas equivalent in Brazil, Egypt, and the US. The company also has interests in global energy projects and markets wholesale energy commodities. To read the full description, subscribe now.
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Key El Paso Corporation Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $5,363.0 |
| 2008 Employees | 5,344 |
El Paso Corporation Executives
31 executives listed for El Paso Corporation's Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman | Ronald Kuehn | |
| President, CEO, and Director | Douglas Foshee | |
| SVP Operations | Dan Martin |
Competition
Competitive Landscape for El Paso Corporation
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top El Paso Corporation Competitors
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