Yes, Sunoco was acquired by Energy Transfer Partners (ETP) in October 2012 in a stock-for-stock transaction worth approximately $5. 3 billion, which was the largest ever merger in the U. S. oil & gas industry at the time.
ETP is one of the largest and most diversified publicly traded master limited partnerships in the United States and as of 2021 had a market capitalization of approximately $50 billion. Sunoco previously operated over 4,900 retail convenience stores and supplied motor fuel to approximately 10,000 sites in more than 30 states.
Its operations have since been integrated with ETP, though some Sunoco stores remain independently run.
What company owns Sunoco?
Sunoco LP is a publicly traded master limited partnership (MLP) based in Dallas, Texas, that is primarily owned by Energy Transfer Partners, L. P. Sunoco LP operates approximately 5,200 retail fuel sites in 24 states and distributes more than 3.
8 billion gallons of fuel annually. The company is one of the largest independent fuel distributers in the United States and has more than 6,800 employees.
Why did 7-Eleven and Sunoco merger?
7-Eleven and Sunoco merged in order to create a convenience retail powerhouse. By combining the two successful companies, the goal was to expand and create strategic opportunities for growth. Sunoco was a recognized leader in fueling consumers while 7-Eleven has been an industry leader in convenience retailing.
The merger combined Sunoco’s extensive retail fuels presence with 7-Eleven’s strong international convenience retail operations, which included more than 11,000 stores in North America, Europe, Japan, and Thailand.
The two companies stated that their merger would help create significant cost savings and provide better opportunities for more efficient operations, increased market opportunities, and improved customer service.
By combining their operations, they created the world’s largest convenience retailer, enabling them to leverage economies of scale and maintain their competitive position in the industry.
The merger included the transfer of Sunoco’s retail and wholesale fuel supply business to 7-Eleven, granting the company the rights to use Sunoco-branded fuels in many of its locations. With the combination of 7-Eleven’s robust store network and Sunoco’s strong distribution and convenience offerings, the merged entity is well-positioned to serve customers and compete effectively in this rapidly changing and dynamic industry.
When did ET buy Sunoco?
ET, or Energy Transfer, purchased Sunoco in April of 2012. The company was initially purchased for $5. 3 billion dollars and included the sale of Sunoco’s wholesale and retail divisions, including 4,900 retail locations, logistics division and its refinery operations.
Sunoco LP, the gas station and convenience store division, was spun off and remains an independent, publicly traded entity.
Following the purchase, ET moved to expand and modernize Sunoco’s refining, natural gas and retail divisions. For example, in 2014, ET invested $175 million dollars to expand and upgrade two of Sunoco’s Texas refineries, eventually creating 900 new jobs in the region, and has since made significant improvements to all of Sunoco’s facilities.
Since ET’s acquisition of Sunoco in 2012, Sunoco has seen stability and improvements to their operations, and the refining business remains a key part of Energy Transfer’s overall portfolio.
How much of Sunoco is owned by Energy Transfer?
Energy Transfer owns approximately 66. 4% of Sunoco LP, a fortune 500 company that distributes motor fuel to over 7,900 locations in 30 states across the United States. Sunoco also serves as the general partner and owner of substantially all the incentive distribution rights of Sunoco Logistics Partners LP, a publicly traded master limited partnership.
As such, Energy Transfer owns a majority stake in both entities.
In 2007, Energy Transfer acquired Sunoco, Inc. , the parent company that owned affiliated entities like Sunoco LP, Sunoco Logistics LP, and Sunoco Logistics Partners LP. This acquisition was part of Energy Transfer’s plan to strengthen its infrastructure and refining capabilities.
In 2017, Energy Transfer gained full control of Sunoco LP, consolidating the company and making it a wholly-owned subsidiary of Energy Transfer.
Since the acquisition, Energy Transfer and Sunoco LP have continued to expand and grow. Sunoco LP has become one of the largest fuel and convenience retail chains in the United States, with over 7,900 retail locations across 30 states and more than 8,500 proprietary and dealer branded fuel outlets.
The company also distributes refined fuels, lubricants and heating oil products to commercial and industrial customers.
Overall, Energy Transfer owns approximately 66.4% of Sunoco LP, which gives it full control over the company and its affiliated entities.
Is Sunoco and Valero the same?
No, Sunoco and Valero are not the same company. Sunoco is an oil and gas company that is headquartered in Philadelphia, Pennsylvania. It focuses primarily on the retail sale of gasoline and convenience store items.
Valero is a Fortune 500 international manufacturer and marketer of transportation fuels, petrochemical products, and other related services. Valero is headquartered in San Antonio, Texas and operates primarily throughout the United States and parts of Canada and the Caribbean.
Valero is the world’s largest independent refiner and marketer of petroleum products. The two companies are competitors in the same industry, but do not have any connections beyond that.
Is Sunoco part of Exxon?
No, Sunoco is not part of Exxon. Sunoco is a fuel provider and convenience retailer that has been in business since 1886. The company is based in Philadelphia, Pennsylvania, and operates more than 5,200 convenience stores in 33 states across the U.
S. Sunoco has provided fuel for millions of cars and trucks for more than 130 years, and is the official fuel of NASCAR. Although Sunoco was actually acquired by Energy Transfer Partners (ETP) in 2012, it still continues to operate as an independent brand.
ExxonMobil, on the other hand, is an energy giant and one of the world’s largest publicly traded international oil and gas companies. It is based in Irving, Texas, and operates in most countries around the world.
Are Speedway and Sunoco the same company?
No, Speedway and Sunoco are not the same company. Speedway is a gas station and convenience store chain owned by Marathon Petroleum Corporation, while Sunoco is an independent fuel refiner and marketer with more than 4,900 retail locations in 26 states.
Sunoco also produces and distributes more than 20 million gallons of refined petroleum a day to customers in the United States. Despite the differences in ownership, both Speedway and Sunoco offer customers a wide variety of quality fuels, including gasoline, diesel, and various blends of ethanol.
What companies does BP own?
BP is an international energy company with operations in 70 countries around the world. BP owns several companies and subsidiaries, including BP America Inc. , BP Oil UK, BP Exploration, BP Refinery, and BP Shipping.
BP America Inc. is the largest producer of oil and gas in the United States, while BP Oil UK holds the largest market share of U. K. production. BP Exploration focuses on the exploration and production of oil and gas in the UK North Sea, the Gulf of Mexico and Egypt.
BP Refinery produces, manufactures and markets fuels, lubricants and petrochemicals. BP Shipping owns and operates vessels around the world to ship oil and gas products, in addition to providing chartering and vessel management services.
In addition, BP owns a 20 year franchise agreement with Castrol, as well as a number of other strategic joint ventures.
Is Sunoco an American company?
Yes, Sunoco is an American company. Sunoco is one of the largest petroleum and petrochemical manufacturers in the United States. Founded in 1886, Sunoco is headquartered in Philadelphia, Pennsylvania.
The company has two refineries, eight asphalt refineries and more than 4,700 convenience stores, fuel outlets and gas stations in 24 states. The company also has a number of international operations in the Caribbean and Canada.
Sunoco produces a wide range of petroleum products, including gasoline, fuel oils, petrochemicals and asphalt; it also produces natural gas and ethanol. Sunoco also has a large portfolio of fuels and lubricants that are designed to meet the needs of automotive, commercial and industrial customers.
Does Sunoco still have 94 octane?
Yes, Sunoco currently still offers 94 octane gasoline. It is a premium unleaded gasoline specially formulated to provide maximum engine protection and performance. Sunoco’s 94 octane fuel contains superior deposit control additives to keep your engine running optimally.
It is a higher octane fuel, which helps to deliver improved power, cleaner emissions and a smoother engine performance. Plus, fuel economy may improve up to 8% when using Sunoco’s 94 octane. Sunoco’s 94 octane fuel is available at all Sunoco stations, just look for the 94 octane markings and the fueling signage.
Where can I get 94 octane gasoline?
You can find 94 octane gasoline at many gas stations and convenience stores across the country. It is usually either labeled with the octane number or as “premium” or “high-octane” gas. You may also see it referred to as “R+M/2” or “R+M/2-M” (research octane number plus motor octane number, divided by two).
There are certain areas, such as California, where 94 octane gasoline is more commonly-available – but there are also several states that don’t even offer fuel above 91 octane. Other places may offer 95 or 96 octane, but this is rare.
When you’re shopping for 94 octane gasoline, it is always a good idea to check the rating printed on the pump, or ask the store or service station clerk if they offer 94 octane gasoline.
Does Sunoco Ultra 94 contain ethanol?
Yes, Sunoco Ultra 94 does contain ethanol. Ethanol is an alternative fuel that is commonly blended with gasoline to create a fuel that is more eco-friendly. Sunoco Ultra 94 contains 10% ethanol along with 89% unleaded gasoline and 1% additional detergent additives.
This fuel is designed to provide optimal engine performance, improved fuel economy, and reduced emissions. Sunoco also produces an Ultimate line of gasoline that is made up of 15% ethanol.
Is 93 gas the same as 94?
No, 93 gas and 94 gas are different from each other. 93 gas is regular unleaded gasoline which contains an octane rating of 93 and is commonly used in most vehicles. It is the most basic form of unleaded gasoline.
On the other hand, 94 gas is a premium form of unleaded gasoline which contains an octane rating of 94. It is generally used to increase engine performance as well as provide a smoother ride. The higher octane rating of 94 gas helps to reduce engine knocking and pinging due to the increased ability of the fuel to avoid pre-igniting.
Premium grades of gasoline generally cost a bit more than regular gasoline, however the cost is offset by better fuel economy and improved performance.
Does 94 octane make a difference?
Yes, 94 octane can make a difference when it comes to your vehicle’s performance. Octane is a measure of a fuel’s ability to resist “knocking” or “pinging” during combustion, which is caused by the air/fuel mixture igniting prematurely in the engine.
Generally, gasoline with a higher octane rating has a higher resistance to ignite and is, therefore, more stable under pressure and heat. Higher octane gasoline may help prevent engine knock and improve fuel efficiency.
Additionally, higher octane can be more beneficial for performance cars that have been modified with turbochargers, superchargers, or performance exhausts, all of which may generate more heat and pressure in the engine, causing a spark to ignite the air/fuel mixture prematurely, resulting in engine knock.
In general, using a higher octane gasoline than what the manufacturer recommends can have some performance benefits, and should be considered if you are looking to enhance the performance of your vehicle.