Updated:
NewMarket Corporation
NewMarket Corporation is an SEC-registered investment adviser in Philadelphia, PA, registered since 2020. The firm manages approximately $2.8 billion in...
NewMarket Corporation
NewMarket Corporation is an SEC-registered investment adviser in Philadelphia, PA, registered since 2020. The firm manages approximately $2.8 billion in regulatory assets. It has 30 employees and 16 investment advisers.
General information
Firm type
Asset Manager
Year founded
2020
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
Richmond, VA, United States
Principals
Thomas E. Gottwald
Chairman and Chief Executive Officer
Frequently asked questions
What is the relationship between NewMarket Corporation and Afton Chemical?
Afton Chemical is NewMarket's primary operating subsidiary and the source of its cash flow. NewMarket functions as the parent holding company, with Chairman and CEO Thomas E. Gottwald overseeing capital allocation — including dividends, reinvestment, and acquisitions — from the cash Afton generates in the petroleum additives market.
How does NewMarket Corporation fund its investments and returns?
NewMarket does not raise external funds. Its capital comes entirely from the operating profits of Afton Chemical, which develops and sells fuel and lubricant additives globally. This self-funding model supports shareholder dividends, such as the $3.00 per share quarterly dividend declared in April 2026 (per NewMarket Corporation, April 2026).
Who makes the investment and capital-allocation decisions at NewMarket?
Thomas E. Gottwald, as Chairman and CEO, is the named executive responsible for the company's strategic direction and capital deployment. The firm's public filings present Gottwald as the principal decision-maker for corporate-level allocation.
Does NewMarket operate as a family office or a traditional asset manager?
NewMarket is a publicly traded holding company and does not operate as a family office or an asset manager for third-party capital. Its structure is that of an industrial conglomerate with a single dominant subsidiary, using operating cash flow for corporate finance rather than managing a portfolio of unrelated assets.
In which geographies does NewMarket generate revenue?
Through Afton Chemical, NewMarket's products reach customers in North America, Europe, and Asia-Pacific. The company maintains manufacturing and R&D facilities across these regions to supply oil marketers, independent refiners, and industrial firms.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on registered investment advisers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: