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World Fuel Services

  • Previous Rank351
  • Country
    U.S.
  • Revenues ($M)$39,750.30
  • Revenue Percent Change18%
  • Profits ($M)$127.7
  • Profits Percent Change-
  • Assets ($M)$5,676.90
  • Employees5,000

Aviation, marine, and land fuel provider World Fuel Services spent 2018 sailing away from stormy weather. The oil supply glut of 2014 eased, with prices beginning to recover. Meanwhile, a string of recent acquisitions and the appointment of former IBM CIO Jeff Smith as COO shored up the company’s strategic bulwarks. Revenue rose 18% to $39.8 billion, and the company logged $128 million in net income, compared with a $170.3 million net loss in 2017. The turnaround was mainly due to record aviation fuel results and a rebound in profitability for its marine segment. Setting course for 2019, World Fuel paid down $225.5 million in long-term debt. U.S. sanctions on Iran’s oil exports should also bring smoother waters.

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Company Information

CEO
Michael J. Kasbar
Sector
Energy
Industry
Energy
HQ Location
Miami
Websitehttps://www.wfscorp.com
Years on Global 500 List8
Employees5,000

World Fuel Services Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$39,750.3018%
Profits ($M)$127.7-
Assets ($M)$5,676.90-
Total Stockholder Equity ($M)$1,815.40-

Profit Ratios

Profit as % of Revenues0.3%
Profits as % of Assets2.2%
Profits as % of Stockholder Equity7%