World Kinect Corporation

Overview

type	Public
traded as	nyse: WKC S&P 600 Component
key people	Michael J. Kasbar, Chairman & CEO
industry	Energy
products	Energy commodities, derivatives
services	Logistics, trading, transportation, financing
revenue	US$39.75 billion (2018)‡R1R‡
operating income	US$259.7 million (2018)‡R1R‡
net income	US$127.7 million (2018)‡R1R‡
assets	US$5.688 billion (2018)‡R1R‡
equity	US$1.832 billion (2018)‡R1R‡
num employees	~5,000 (February 2018)‡R1R‡
subsid	Multiservice Corp, Carter Energy, U.S. Energy Services, Kinect Energy, Alta Fuels and Transportation, Avinode, Texor Petroleum, Western Petroleum, MH Aviation, Colt Aviation, AvCard, Tramp Oil, Nordic Camp, FBO One, Total FBO, myFBO, Norse Bunker, PetroAir, Ascent Aviation, MH Aviation, PAPCO, APP, Avinode, Indianhead Oil, South Minnesota Lubes, AMSTAR, KTM, Beach Front Energy, Bergin Energy, Utilities Exchange, OnDemand Energy Solutions
foundation	1984
location	Doral, Florida, U.S.
website	world-kinect.com

World Kinect Corporation (WKC, World Kinect), formerly known as World Fuel Services Corporation, is an energy, commodities, and services company based in Doral, Florida. The company ranked No. 70 in the 2022 Fortune 500 list of the largest United States corporations.[2] WKC focuses on the marketing, trading, and financing of aviation, marine, building, and ground transportation energy commodities and related services. As of 2013, WKC also operates in natural gas and power.

The global leader in marine refueling, in 2018 WKC sold a record total of 21 billion gallons of fuel for $39.8 billion in revenue.[3]

History

World Kinect operates an asset light business model, which competitors have attempted to mimic.[4]

In 1984, Paul Stebbins and Michael Kasbar founded Trans-Tec Services, Inc., a marine fuel brokerage company.[5]

World Kinect Corporation

History

Strategic acquisitions & divestitures

Organization

Land segment

Marine segment

Aviation segment

References