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    Crown Central Petroleum Corp.
    list rank
    From the April 28, 1997, Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 1,635,276 12.7
    Net Income (2,773) --
    Rank Last Year: 5

    Description:
    Crown Central Petroleum operates two Texas oil refineries, gasoline service stations and convenience stores in the mid-Atlantic and southeastern United States.

    Business Resume:
    • Contact Info --
      One North Charles St.
      Baltimore, Md. 21202
      410-539-7400
    • Main Business --
      Petroleum marketing
    • Founded --
      1917
    • Chairperson --
      Henry A. Rosenberg Jr. (CEO)
    • President --
      Henry A. Rosenberg Jr.
    • Employees --
      2,500
    • D.C.-Area Employees --
      200
    Developments:
    Crown Central narrowed its losses considerably in 1996, in part as a result of reducing operating costs at its refineries.

    A lockout at the company's Pasadena, Tex., refinery, just outside Houston, continues. Crown locked out members of the Oil, Chemical and Atomic Workers union in 1995 for allegedly sabotaging equipment after contract talks broke down. In 1996 the National Labor Relations Board ruled that Crown had probable cause for its actions.

    The company's marketing division had a strong year, with merchandise sales increasing by 3.5 percent and gallons of fuel sold increasing by 3.7 percent. In July the company announced an agreement with Statoil of Norway in which Statoil will supply 20,000 barrels a day of crude oil to the Pasadena refinery, and Crown will provide Statoil with refined products.

    Copyright 1997 The Washington Post

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