Fortune Rank: 209
ONEOK, Inc. operates as a diversified energy company primarily in the mid-continent areas of the United States. The company operates in five segments: Production, Gathering and Processing, Transportation and Storage, Distribution, and Energy Services. The Production segment produces natural gas and oil in Oklahoma and in Texas. The company owns interest in approximately 885 gas wells and 90 oil wells, as of December 31, 2004. The Gathering and Processing segment gathers, processes, and markets natural gas and fractionates; and stores and markets natural gas liquids (NGL) primarily in Oklahoma, Kansas, and Texas. The Transportation and Storage segment provides natural gas transportation, storage, and non-processable gas gathering services. It owns approximately 5,600 miles of intrastate pipeline and 59.6 Billon cubic feet of storage facility. The Distribution segment provides natural gas distribution services to approximately 2 million customers in Kansas, Oklahoma, and Texas, as of December 31, 2004. The Energy Services segment engages in marketing and trading natural gas to both retail and wholesale customers in the United States and Canada. It also owns a 300 megawatt gas-fired merchant power plant, and markets and trades power. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
ONEOK Inc is a Fortune 500 company. In 2010 ONEOK Inc was ranked number 209 on the Fortune 500 list, making it the 209th largest company in the United States when judged by revenue.
ONEOK Inc achieved revenue of $11,111.70 million in 2010 and earned a profit of $305.50 million.
ONEOK Inc's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 159th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $16,157 million (a change of -5 million compared to 2010) and profits of $312 million (a change of -6 million compared to 2010).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then ONEOK Inc would be ranked 282nd rather than 209th due to its profits of $306 in 2010.
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