At Koch Industries, we are firmly focused on long-term success. We believe in creating real value, rather than the illusion of value. To do so, we strive to live by core values and guiding principles that include integrity, humility, respect and what we call Principled Entrepreneurship™.

Our business philosophy, Market Based Management®, is a value system and framework for action that encourages employees to think and act like principled entrepreneurs. This philosophy enables us to practice a process of creative destruction, constantly searching for opportunities to improve and grow. We believe a company must drive change internally to survive and prosper.

Creative destruction has been the catalyst for our diversification from petroleum, pipelines, ranching and engineering into other industries. Our companies have built an extensive trading capability, added robust financial services for a range of customers, divested some interests, and expanded into other businesses that fit our capabilities, such as chemicals, fibers and polymers, and forest and consumer products. Our continuous review of business value also means we sell assets and businesses that are valued more by others.

As a private company, we are better equipped to weather the cycles of business and respond quickly to market developments. We focus on maximizing long-term value and are not distracted by a need to meet quarterly earnings projections. We strive to make tough decisions, react rapidly to market opportunities and are willing to absorb volatility. We evaluate our financial performance in a way that fully represents economic reality. Our historical shareholder practice of reinvesting as much as 90 percent of earnings has provided us with the financial strength necessary to grow and diversify.

In this web site, we describe the values and the capabilities that are the foundation of Koch Industries and its companies. Living by these values and applying these capabilities within our businesses and our communities, we believe we can create superior value for our customers, employees and shareholders, and society as a whole.