Frontier Oil has reported revenues of $1.35 billion for the fourth quarter ended December 31, 2008, compared to $1.32 billion for the same quarter of 2007.

For the year ended December 31, 2008, the company has reported a net income of $80.2 million, or $0.77 per diluted share, compared to $499.1 million, or $4.62 per diluted share, for the year 2007.

Frontier Oil has reported revenues of $6.49 billion for the year ended December 31, 2008, compared to $5.18 billion for the year 2007.

Mike Jennings, president and CEO of Frontier Oil, said: "Apart from the effect of a large inventory loss attributable to a $60 drop in West Texas Intermediate crude oil prices and our FIFO accounting method, Frontier produced a good financial result for the quarter including operating cash flow of $76.9 million. Our fourth quarter benefited from record setting distillate yields in El Dorado and record setting coker throughput in Cheyenne."

A service of YellowBrix, Inc.