Penley Oil Company
How we got $60.0M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Some signs of a sale
- In business 68 years (since 1958)
From public records and the company's website, not a statement that it's for sale.
What they do
Penley Oil Company is a family-owned fuel, DEF and lubricants distributor in Oklahoma City, serving Oklahoma businesses since 1958 with fuel delivery, DEF supply, lubricants, fuel additives and tank solutions.
From the company's website. Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals).
Customers & suppliers
Suppliers & brands
- Phillips 66 · brand it sells or installs
- Mystik · brand it sells or installs
- BG Products · brand it sells or installs
- MULTI SEAL · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- LAZY J ARENA, LLC · Stillwater, 47 mi · $30.7M
- FIRE LEAF ENTERPRISES LLC · Oklahoma City, 1 mi · $30.1M
- EXPRESS RANCHES INC · Yukon, 12 mi · $18.0M
- LANCE RHODES · Fairview, 81 mi · $10.9M
- CASTLE ROCK HEF, LLC · Oklahoma City, 11 mi · $10.7M
- UNITED PETROLEUM TRANSPORTS, INC. · Oklahoma City, 5 mi · $282.4M
- HOBBY LOBBY STORES INC · Oklahoma City, 6 mi · $206.0M
- D & M CARRIERS LLC · Oklahoma City, 6 mi · $115.4M
- MILLER TRUCK LINES LLC · Stroud, 54 mi · $106.6M
- BIG STAR TRANSPORTATION, LLC · Oklahoma City, 10 mi · $96.7M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 36 mi · $76.0M
- SOUTHERN NAZARENE UNIVERSITY · Bethany, 5 mi · $72.1M
- OKLAHOMA CHRISTIAN UNIVERSITY, INC. - NONPROFIT (NO BUSINESS · Oklahoma City, 11 mi · $68.1M
- SANTA FE SOUTH SCHOOLS, INC. · Oklahoma City, 4 mi · $58.3M
- DOVE SCHOOLS INC. · Oklahoma City, 8 mi · $44.0M
- CREST DISCOUNT FOODS, INC. · Edmond, 11 mi · $362.5M
- HAC, INC · Oklahoma City, 4 mi · $239.8M
- SUPER C MART INC. · Noble, 24 mi · $73.1M
- COVELL LLC · Edmond, 15 mi · $56.2M
- UGC-2 LLC · Oklahoma City, 7 mi · $52.2M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PENLEY OIL COMPANY this business | $263.7M | — |
| PENLEY TRANSPORTATION COMPANY Oklahoma City · 14 employees | $177.2M | 0.0 mi |
| COMMERCIAL LUBRICATORS INC. Oklahoma City · 5 employees | $71.4M | 1.3 mi |
| SEIBOLD ENERGY CO., INC. Oklahoma City · 2 employees | $41.3M | 2.2 mi |
| ENERGY FINANCIAL AND PHYSICAL, LP Oklahoma City · 11 employees | $167.2M | 3.7 mi |
| RED ROCK DISTRIBUTING COMPANY Oklahoma City · 12 employees | $201.7M | 4.8 mi |
| RED ROCK TRANSPORTATION CO Oklahoma City · 1 employees | $20.6M | 4.8 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $331.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $161.3M |
| Estimate: the two combined (geometric mean) | $263.7M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $9.7M |
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 | $60.0M |
| Multiple for this size and industry | 6.2× |
| Value range | $31.6M – $82.1M |
| Revenue range | $173.4M – $300.6M |
| EBITDA range | $6.4M – $11.0M |
| 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
History & advisors
“Founded in 1958, Penley Oil Company has been Oklahoma's trusted partner for fuel delivery, DEF supply, and lubricants for over six decades.”
Advisors
- BankingFirst National Bank of OklahomaPPP / 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
| First National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $188K | 19 |
| 2/5/2021 | second | $188K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Penley Oil Company
Penley Oil Company is a family-owned petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Oklahoma City, Oklahoma, in business since 1958. Its estimated annual revenue is about $263.7M, with roughly $9.7M of EBITDA. It has about 19 employees. Its estimated business value is $60.0M (likely range $31.6M–$82.1M).
Common questions
- Who owns Penley Oil Company?
- The owner of Penley Oil Company 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 Penley Oil Company make?
- SeeBITDA estimates Penley Oil Company's annual revenue at about $263.7M (likely between $173.4M and $300.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Penley Oil Company worth?
- About $60.0M, roughly 6.2× its estimated EBITDA of $9.7M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $31.6M–$82.1M.
- How many employees does Penley Oil Company have?
- About 19, as reported on its PPP loan.
- When was Penley Oil Company founded?
- Penley Oil Company has been in business since 1958.