Koch Industries

Extracted Attributes

• Founded

  1940

• Founder

  Fred C. Koch

• Headquarters

  Wichita, Kansas, United States

• Legal Status

  Privately held

• Annual Revenue

  $150 billion (estimated)

• Employee Count

  122,000

• Operating Countries

  60

• Management Philosophy

  Principal-Based Management (formerly Market-Based Management)

Timeline

• Fred C. Koch founds the Wood River Oil and Refining Company. (Source: Wikipedia)

  1940-01-01

• Death of founder Fred C. Koch; his son Charles Koch succeeds him as head of the company. (Source: Wikipedia)

  1967-11-17

• The company is renamed Koch Industries in honor of Fred C. Koch. (Source: Wikipedia)

  1968-01-01

• Charles and David Koch buy out the stakes of their brothers, Frederick and Bill, for $1.1 billion following a legal battle. (Source: Wikipedia)

  1983-06-01

• Koch Industries acquires Georgia-Pacific, significantly expanding its consumer products and building materials portfolio. (Source: Web Search)

  2005-12-23

• Death of David Koch, long-time co-owner and executive. (Source: Wikipedia)

  2019-08-23

• Koch Industries reports annual revenue of approximately $125 billion to $150 billion. (Source: EBSCO Research / Document 55c5ba4c-d2b8-4c11-b9ca-1afc406bc189)

  2022-01-01

Koch, Inc.

Koch, Inc. () is an American multinational conglomerate corporation based in Wichita, Kansas, and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizer, pulp and paper, chemical technology equipment, cloud computing, finance, raw materials trading, and investments. Koch owns Flint Hills Resources, Georgia-Pacific, Guardian Industries, Infor, Invista, KBX, Koch Ag & Energy Solutions, Koch Engineered Solutions, Koch Investments Group, Koch Minerals & Trading, and Molex. The firm employs 122,000 people in 60 countries, with about half of its business in the United States. The company was founded by its namesake, Fred C. Koch, in 1940 after he developed an innovative crude oil refining process. Fred C. Koch died in 1967 and his majority interest in the company was split amongst his four sons. In June 1983, after a bitter legal and boardroom battle over the amount of dividends paid by the company, the stakes of Frederick R. Koch and William "Bill" Koch were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company. Charles owns 42% of the company; trusts for the benefit of Elaine Tettemer Marshall (the daughter in-law of J. Howard Marshall) and Elaine's children, Preston Marshall and E. Pierce Marshall Jr., own 16% of the company. David Koch died on August 23, 2019, and his heirs own the remaining 42% balance of the corporation. Charles Koch has stated that the company would go public "over my dead body" and that the company has used its freedom from the pressures of public markets to make long-term investments and concentrate on growth.

Web Search Results

• Koch Industries | Business and Management | Research Starters | EBSCO Research

  # Koch Industries Koch Industries is a prominent American multinational conglomerate, primarily engaged in sectors such as petroleum refining, chemical manufacturing, energy, and various product-based industries. Founded in 1940 by Fred C. Koch, the company has evolved significantly, becoming one of the largest privately held firms in the United States with a diverse portfolio that includes well-known subsidiaries like Georgia-Pacific and Molex. As of 2022, Koch Industries employs over 120,000 people across approximately sixty countries and reported an annual income of around $125 billion. [...] ### Koch Industries ### Overview Koch Industries is an American-based international conglomerate. It has subsidiary businesses focused on petroleum refining and distribution, energy, chemical manufacture and related services, minerals, fiber, pulp and paper, equipment for a variety of industries, and other product-based businesses. It also has subsidiaries dedicated to financial services such as investing and commodities trading. The parent company owns a number of related companies including Georgia-Pacific, Invista, Molex, Guardian Industries, Flint Hills Resources, Matador Cattle, and the Koch Fertilizer, Koch Minerals, and Koch Pipeline Companies. It has consistently rated as the top or second-ranked privately held company in the United States during the twenty-first century. [...] ### History Koch Industries was founded in 1940 by American chemical engineer Fred C. Koch. After attending Massachusetts Institute of Technology (MIT), Koch returned to the ranching and refining businesses in his home state of Texas. He developed a new, more efficient way to produce gasoline from heavy crude oil and established Wood River Oil and Refining Company to market this new process and its product. When accusations were made that he had violated industry patents, Koch established oil refineries in Russia. His experience with the Communist country would have a lasting impact on his politics and those of his offspring that would last into the twenty-first century.

• Koch Industries Inc Company Profile - Koch Industries Inc Overview - GlobalData

  Koch Inc (Koch) previously Koch Industries LLC, is a diversified multinational corporation engaged in a wide range of industrial activities. The company is involved in refining fuels, producing electronic components, manufacturing high-performance glass, and developing plant nutrients. Koch's products and services cater to various industries, including agriculture, automotive, construction, and healthcare, providing solutions for farmers, vehicle manufacturers, builders, and medical device companies. The company operates through a network of channel partners and distribution networks to reach its customers. Koch has a presence in multiple geographic locations, targeting markets across the globe. Koch is headquartered in Wichita, Kansas, the US. [...] Gain a 360-degree view of Koch Inc and make more informed decisions for your business Gain a 360-degree view of Koch Inc and make more informed decisions for your business Learn more Headquarters United States of America Address P.O. Box 2256, Wichita, Kansas, 67201 Website www.kochinc.com No of Employees 120,000 Industry Energy and Utilities --- ## Signals available in Koch Inc report Deal Volume 31 Filings Sentiment 0.51 Jobs 268 Patents 375 News Sentiment 1 Social Media Buzz 136 Gain access to our premium signals and make informed decisions for your business Gain access to our premium signals and make informed decisions for your business Learn more ## Koch Inc premium industry data and analytics ## 50+ #### Petrochemical Plants [...] Image for loader ## Competitor Comparison | Key Parameters | Koch Inc | Exxon Mobil Corp | TotalEnergies SE | Chevron Corp | BASF SE | --- --- --- | | Headquarters | United States of America | United States of America | France | United States of America | Germany | | City | Wichita | Spring | Courbevoie | Houston | Ludwigshafen | | State/Province | Kansas | Texas | Ile-de-France | Texas | Rheinland-Pfalz | | No. of Employees | 120,000 | 60,900 | 102,887 | 45,298 | 110,709 | | Entity Type | Private | Public | Public | Public | Public | Benchmark the company against the market with exclusive information on key competitors Benchmark the company against the market with exclusive information on key competitors Learn more ##### Executives

• Koch Industries Incorporated

  Image 4: Koch Industries Incorporated logo Koch Industries, Inc. (KII) is a private company engaged in the diverse industries of petroleum refining, chemicals, biofuels and ingredients, forest and consumer products, fertilizers, polymers and fibers, process and pollution control equipment and technologies, electronic components, commodity trading, minerals, energy, glass, and investments. The company earned ENERGY STAR® certification for top energy performance at 4 KII nitrogenous fertilizer plants, one oil refinery, and 2 pulp and paper mills. Key 2022 accomplishments include: [...] About For Partners Breadcrumb 1. Home 2. About ENERGY STAR 3. Koch Industries Incorporated # Koch Industries Incorporated Wichita, Kansas Partner of the Year - Sustained Excellence - Energy Management Image 4: Koch Industries Incorporated logo

• Koch, Inc. - Wikipedia

  Koch, Inc. (/koʊk/) is an American multinational conglomerate "Conglomerate (company)") corporation based in Wichita, Kansas, and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in the manufacturing, refining, and distribution "Distribution (business)") of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizer, pulp and paper, chemical technology equipment, cloud computing, finance, raw materials trading, and investments. Koch owns Flint Hills Resources, Georgia-Pacific, Guardian Industries, Infor, Invista, KBX, Koch Ag & Energy Solutions, Koch Engineered Solutions, Koch Investments Group, Koch Minerals & Trading, and Molex. The firm employs 122,000 people in 60 countries, with about half of its [...] ### Koch Industries Wood River Oil and Refining Company was renamed Koch Industries in 1968 in honor of Fred Koch, the year after his death. At that time, it was primarily an engineering firm with a 35% interest in Great Northern Oil Company, which owned the Pine Bend Refinery in Minnesota, a crude oil-gathering system in Oklahoma, and some cattle ranches. [...] Flint Hills Resources LP (FHR), originally called Koch Petroleum Group, is a refining and chemicals company based in Wichita, Kansas. It sells gasoline, diesel, jet fuel, ethanol, polymers, intermediate chemicals, base oils and asphalt. It operates oil refineries in six states and chemical plants in Illinois, Texas and Michigan. The firm also manufactures asphalt used for paving and roofing applications at 13 asphalt terminals in six states including Alaska (2 terminals), Wisconsin (2), Iowa (3), Minnesota (4), Nebraska (1), and North Dakota (1). The firm manages the purchasing of domestic crude oil from Texas and Colorado offices, has five ethanol plants across Iowa and one in Nebraska, has a refinery terminal in Alaska, and operates refineries in Alaska, Texas, and Minnesota.

• About Koch Industries - Greenpeace - Greenpeace

  Greenpeace Greenpeace # About Koch Industries Koch Industries is the second largest private corporation in the country, with $115 billion in annual revenue. Koch is the oil and gas industry’s top lobbying spender, one of the top polluters, a massive funding source to climate-denial front-groups, and major force fighting against clean energy policies. Charles Koch has controlled Koch Industries since inheriting the company from his father, Fred Koch, Sr., when he died in 1967. Previously known as Rock Island Oil & Refining Co., the company was renamed Koch Industries, Inc (KII) after Fred Koch. (Charles Koch, The Science of Success, John Wiley & Sons, 2007, pp.9-12) [...] For most of Koch Industries’ history, one of Charles Koch’s three brothers, the late David Koch, co-owned the company and worked as a senior executive. David Koch’s twin brother, Bill Koch, worked for Koch Industries until 1983, when he was forced out of company for trying to overthrow Charles Koch and seize control of the company. Bill Koch’s shares of the company were sold for approximately $470 million, which only appeased the younger Koch twin for two years. [...] Since 2003, Charles Koch has convened twice-annual meetings for select business executives, politicians, lobbyists, judges and journalists to strategize and fund political campaigns for large business interests. Attendees of these “KochWorld” meetings pledge their own money to fund a network of political organizations working to limit the power of public employee unions, resist healthcare expansion, push pension reforms, privatize schools, and oppose environmental laws. The Kochs raised $400 million dollars to influence the 2012 elections, funneling hundreds of millions of dollars through a complex network of nonprofit organizations and limited liability corporations controlled by Koch operatives. Track funding to climate denial front groups from Koch foundations: