Holly Corporation Second Quarter 2009 Earnings Release and Conference Webcast

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DALLAS, July 20 /-/ -- Holly Corporation (NYSE: HOC) plans to announce results for the quarter ended June 30, 2009 on August 10, 2009, before the opening of trading on the NYSE. The company has scheduled a webcast conference call on August 10, 2009 at 10:00AM Eastern time to discuss financial results.

This webcast may be accessed at: http://www.videonewswire.com/event.asp?id=60707

An audio archive of this webcast will be available using the above noted link through August 24, 2009.

Holly Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel and jet fuel. Holly operates through its subsidiaries an 100,000 barrel per stream day ("bpsd") refinery located in Artesia, New Mexico, a 85,000 bpsd refinery in Tulsa, Oklahoma, and a 31,000 bpsd refinery in Woods Cross, Utah. Holly also owns a 41% interest (including the general partner interest) in Holly Energy Partners, L.P. (NYSE: HEP), which through subsidiaries owns or leases approximately 2,500 miles of petroleum pipelines in Texas, New Mexico and Oklahoma and petroleum product terminals in several Southwest and Rocky Mountain states.

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