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Overview
The National Fuel Gas Company is a diversified energy company headquartered in Williamsville, New York. It was founded in 1902 as the Buffalo Fuel and Iron Company and later changed its name to National Fuel Gas in 1975. The company's main business is natural gas production, transmission, and distribution, but it also has interests in oil and energy-related services. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. Its Exploration and Production segment is involved in the development and production of natural gas and oil reserves in the Appalachian region. The Pipeline and Storage segment operates pipeline systems and natural gas storage facilities for customers in the northeast and central regions of the United States. The Gathering segment provides natural gas gathering and processing services for customers in the Appalachian region. The Utility segment distributes natural gas to customers in western New York and northwestern Pennsylvania. And the Energy Marketing segment markets natural gas to industrial, commercial, and institutional customers in the northeast and mid-Atlantic regions. National Fuel Gas is committed to being an environmentally conscious company, and it has implemented various sustainable practices, including reducing emissions and promoting energy efficiency. The company has a strong commitment to its customers and communities, providing reliable and affordable energy services and supporting local initiatives and organizations through its charitable giving program. National Fuel Gas is listed on the New York Stock Exchange under the ticker symbol "NFG" and is a member of the S&P 500 index. As of 2021, it has approximately 2,200 employees and operates in nine states.
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