Consol Energy was founded in 1864 as Consolidation Coal Company when several small coal companies in Maryland decided to merge their operations.
The company was acquired by Continental Oil Company (Conoco) in 1966.
In 1981 Conoco was acquired by DuPont, which in turn sold off its coal business to the German company Rheinbraun A.G.
In 1991 Consol Energy was created. It was spun-off and began public trading in 1999.
Today Consol is one of the largest coal mining companies in the United States. The company’s customers are mostly steel mills and electric utilities. Consol also operates a natural gas exploration and production segment called CNX Gas.
Consol Energy trades publicly on the New York Stock Exchange under the ticker symbol CNX, is a member of the S&P 500, is #434 in the Fortune 500, has 4,633 employees, and had $3.35 billion in revenue in 2013.
Consol EnergyConsol Energy was founded in 1864 as Consolidation Coal Company when several small coal companies in Maryland decided to merge their operations.
The company was acquired by Continental Oil Company (Conoco) in 1966.
In 1981 Conoco was acquired by DuPont, which in turn sold off its coal business to the German company Rheinbraun A.G.
History
In 1991 Consol Energy was created. It was spun-off and began public trading in 1999.
Today Consol is one of the largest coal mining companies in the United States. The company’s customers are mostly steel mills and electric utilities. Consol also operates a natural gas exploration and production segment called CNX Gas.
Consol Energy trades publicly on the New York Stock Exchange under the ticker symbol CNX, is a member of the S&P 500, is #434 in the Fortune 500, has 4,633 employees, and had $3.35 billion in revenue in 2013.
