Peabody Energy was founded in 1883 by Francis Peabody as Peabody, Daniels & Company. The company bought coal from mines and sold it to homes and businesses.
In 1890 the company changed its name to Peabody Coal Company, and five years later in 1895 it began operations of is first coal mine.
In 1913 Peabody Energy won an important contract – a long-term deal to supply Chicago Edison Company.
In 1955 the company merged with Sinclair Oil Company. Following the merger the company entered into a period of growth, including expansion to the Eastern United States.
Today Peabody Energy has stakes in 28 mines and processing facilities in the U.S. and Australia. The company is the world’s largest private sector coal producer, and 50% of US power is fueled by their coal.
The company also is involved with coal trading, coal brokering, coalbed methane production, transportation related services, the development of coal based plants, and carbon capture technology.
Peabody Energy is traded publicly on the New York Stock Exchange under the ticker symbol BTU, is a member of the S&P 500, is #346 in the Fortune 500, has 8,300 employees, and had $6.93 billion in revenue in 2013.
Peabody Energy CorporationPeabody Energy was founded in 1883 by Francis Peabody as Peabody, Daniels & Company. The company bought coal from mines and sold it to homes and businesses.
In 1890 the company changed its name to Peabody Coal Company, and five years later in 1895 it began operations of is first coal mine.
In 1913 Peabody Energy won an important contract – a long-term deal to supply Chicago Edison Company.
History
In 1955 the company merged with Sinclair Oil Company. Following the merger the company entered into a period of growth, including expansion to the Eastern United States.
Today Peabody Energy has stakes in 28 mines and processing facilities in the U.S. and Australia. The company is the world’s largest private sector coal producer, and 50% of US power is fueled by their coal.
The company also is involved with coal trading, coal brokering, coalbed methane production, transportation related services, the development of coal based plants, and carbon capture technology.
Peabody Energy is traded publicly on the New York Stock Exchange under the ticker symbol BTU, is a member of the S&P 500, is #346 in the Fortune 500, has 8,300 employees, and had $6.93 billion in revenue in 2013.
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