Cross Oil Company, Inc.
How we got $4.7M
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 23% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CROSS OIL COMPANY, INC. this business | $26.3M | — |
| AVENUE AND TECHNOLOGIES AND COMMODITIES INC Ponca City · 22 employees | $243.0M | 7.7 mi |
| TONY'S CRUDE OIL RECLAIMING PLANT, INC. Yale · 7 employees | $77.4M | 43.6 mi |
| EARNHEART OIL, INC Marshall · 104 employees | $4.21B | 45.7 mi |
| B-K PROPANE,INC. Enid · 5 employees | $51.9M | 47.4 mi |
| HARRIS STATION 33 LLC Cushing · 1 employees | $7.7M | 52.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $34.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.2M |
| Estimate: the two combined (geometric mean) | $26.3M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $1.1M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $4.7M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.5M – $6.5M |
| Revenue range | $17.3M – $30.0M |
| EBITDA range | $724K – $1.3M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/19/2020 | first | $18K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cross Oil Company, Inc.
Cross Oil Company, Inc. is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Ponca City, Oklahoma, in business since 2000. Its estimated annual revenue is about $26.3M, with roughly $1.1M of EBITDA. It has about 2 employees. Its estimated business value is $4.7M (likely range $2.5M–$6.5M).
Common questions
- Who owns Cross Oil Company, Inc.?
- The owner of Cross Oil Company, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Cross Oil Company, Inc. make?
- SeeBITDA estimates Cross Oil Company, Inc.'s annual revenue at about $26.3M (likely between $17.3M and $30.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cross Oil Company, Inc. worth?
- About $4.7M, roughly 4.3× its estimated EBITDA of $1.1M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $2.5M–$6.5M.
- How many employees does Cross Oil Company, Inc. have?
- About 2, as reported on its PPP loan.
- When was Cross Oil Company, Inc. founded?
- Cross Oil Company, Inc. has been in business since 2000.