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  • Previous Rank402
  • Revenues ($M)$33,696
  • Revenue Percent Change24.7%
  • Profits ($M)$-170.2
  • Profits Percent Change-234.5%
  • Assets ($M)$5,587.80
  • Employees5,000

Though it posted revenues of $33.7 billion in 2017—not far behind American Express’ $35.6 billion—stock markets valued World Fuel Services at a mere fraction of its sales that year. While AmEx was valued at $86 billion, investors deemed World Fuel Services a $1.5 billion company. The aviation and marine fuel provider struggled to maintain profitability during the year. In 2017, the company posted losses of $170.3 million, attributing the downturn to lower demand for its maritime products as companies sent less cargo via sea. Severe weather conditions, including hurricanes in September, also pressed on jet fuel prices—pressuring the the company’s revenue.

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Company Information

CEO
Michael J. Kasbar
Sector
Energy
Industry
Energy
HQ Location
Miami
Websitehttp://www.wfscorp.com
Years on Global 500 List7
Employees5,000

World Fuel Services Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$33,69624.7%
Profits ($M)$-170.2-234.5%
Assets ($M)$5,587.80-
Total Stockholder Equity ($M)$1,721.90-

Profit Ratios

Profit as % of Revenues-0.5%
Profits as % of Assets-3%
Profits as % of Stockholder Equity-9.9%