Business mix
- It operates through five segments: Refining, Renewables, Marketing, Lubricants & Specialties, and Midstream.
- The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, commodity and modified asphalt products, and others.
- It also owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington, and Utah, as well as markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest.
- In addition, the company supplies fuels to 1,700 branded stations and licenses the use of the Sinclair brand at approximately 350 additional locations, as well as provision of other marketing activities.
Current key questions
- How sensitive are revenue and cash flow to commodity prices, production volumes, and demand in oil & gas refining & marketing?
- Can capital spending, reserves, decline rates, and operating costs support durable free cash flow?
- Do balance-sheet discipline and shareholder returns remain resilient across the energy cycle?
