Hightowers Petroleum Company

Hightowers Petroleum Company Charges Ahead with EV Ventures on the Path to $1 Billion

Hightowers Petroleum Company is a wholesale distributor of fuel. Founded in 1982 by Stephen “Steve” Hightower, the company has since grown to become the largest Black-owned downstream petroleum wholesale marketer in the United States.

Hightowers Petroleum supplies fuel to a diverse clientele, including major automakers, grocery chains, steel manufacturers, railroads, utilities, and educational institutions. The company also supplies the four gallons of gas required for every GM car that rolls out of the automaker’s North American plants.

The Ohio-based company operates across 48 states, Canada, and Mexico. In 2022, Hightowers Petroleum brought in $450 million in revenue. Steve Hightower has stated that he expects revenue to double to $1 billion in 2023. This growth is being driven by the company’s expansion into new markets and its investment in renewable fuels, new technology, and EV stations.

In response to emerging regulations at both state and federal levels that advocate for decreased reliance on fossil fuels, Hightowers Petroleum introduced Hightower EV. This nationwide entity functions as a developer, technology integrator, and constructor of EV charging infrastructure projects. Recently, an agreement was established to provide electric vehicle charging stations to the 1,500 North American locations of a global hotel chain.

Additionally, the company formed HP Energy Co., a nationwide energy services provider. Their all-encompassing solutions encompass energy consultancy, efficiency ventures, and the establishment of infrastructures like renewables, cogeneration, microgrids, and smart urban zones.

As Hightowers Petroleum paves the way for a greener future, it is evident that the company’s legacy is tied to innovation, determination, and a focus on pragmatic solutions. With a strategic vision, Hightowers Petroleum is not only adapting to change but actively shaping the energy landscape.

by Tony O. Lawson

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