World Fuel Services began as a regional oil recycling company in Florida. It was incorporated in 1984 as International Recovery Corp. and went public on the New York Stock Exchange in 1986.
In 1986 they acquired Advance Petroleum, Inc., an aviation fuel company. In 1989 they acquired another aviation fuel company, JCo Energy Partner, Ltd and renamed it World Fuel Services, Inc.
International Recovery Corp entered the marine fuel business with the 1995 acquisition of the Trans-Tec Services group of companies.
In 1995 the company changed its name from International Recovery Corp to World Fuel Services.
In 2004, World Fuel’s acquisition of Tramp Oil increased their marine revenue by 60%.
Today World Fuel Services provides marketing and financing of aviation, marine, and ground transportation fuel products to commercial aircraft, corporate aircraft, petroleum distributors, and ships as 2,500 locations throughout the world. Their revenue for 2011 was $34.7 billion.
World Fuel Services
World Fuel Services began as a regional oil recycling company in Florida. It was incorporated in 1984 as International Recovery Corp. and went public on the New York Stock Exchange in 1986.
In 1986 they acquired Advance Petroleum, Inc., an aviation fuel company. In 1989 they acquired another aviation fuel company, JCo Energy Partner, Ltd and renamed it World Fuel Services, Inc.
International Recovery Corp entered the marine fuel business with the 1995 acquisition of the Trans-Tec Services group of companies.
History
In 1995 the company changed its name from International Recovery Corp to World Fuel Services.
In 2004, World Fuel’s acquisition of Tramp Oil increased their marine revenue by 60%.
Today World Fuel Services provides marketing and financing of aviation, marine, and ground transportation fuel products to commercial aircraft, corporate aircraft, petroleum distributors, and ships as 2,500 locations throughout the world. Their revenue for 2011 was $34.7 billion.