- Williams Companies
company_name = The Williams Companies, Inc.
company_type = Public
company_slogan = A tradition America can count on.
Fort Smith, Arkansas, 1908
Tulsa, Oklahoma, U.S.
Steven J. Malcolm, CEO
industry = Energy marketing and trading
Natural gas pipelines
num_employees = 3,913
products = oil & natural gas
revenue = $12.6 billion USD ( 2005)
homepage = [http://www.williams.com/ www.williams.com]
The Williams Companies, Inc. (NYSE|WMB) is an energy company based in
Tulsa, Oklahoma. Its core business is natural gasexploration, production, processing, and transportation, with additional petroleumand electricity generationassets. A Fortune 200 company, its common stock is a component of the S&P 500and the Dow Jones Utility Average.
It was founded as Williams Brothers in 1908 by Miller and David Williams in
Fort Smith, Arkansas, and soon expanded to building nationwide pipelines for natural gasand petroleum. The company relocated to Tulsa in 1919.
The company went public in 1957 under the Williams Brothers name. As it diversified in the 1970s, it was renamed The Williams Companies, Inc. Since 1997, their
brand identityhas been simplified to "Williams".
In 1966, Williams bought the then-largest petroleum products pipeline in America, known as the
Great Lakes Pipe Line Company, for about $287 million. In 1982, it expanded into natural gas transportation with the purchase of Northwest Energy Company, and extended their reach to the East Coast with the 1995 purchase of Transco Energy Company.
In 2001, Williams acquired
Barrett Resources, which provided them with additional national gas reserves.
The company helped to get the modern
telecommunicationsindustry off the ground by running fiber opticcable through its decommissioned pipelines. It built two nationwide networks which have since become their own companies; the first was sold in 1995 to LDDS (which would become WorldCom and then MCI) and the second was spun off in 2001 as Williams Communications (which would become WilTel Communicationsand later consolidate into Level 3).
* [http://www.williams.com/index.asp Official site]
* [http://www.hoovers.com/williams-companies/--ID__11638--/free-co-factsheet.xhtml Hoovers summary]
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