Misplaced Pages

Sunoco

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
(Redirected from Sun Oil) American energy company This article is about the U.S. oil company. For the now–unaffilated Canadian oil company, see Suncor Energy. Not to be confused with Sonoco, a packaging products company.
Sunoco LP
Company typeDelaware–domiciled master limited partnership; controlled by Energy Transfer Partners
Traded asNYSE: SUN
IndustryPetroleum industry
Founded2014
HeadquartersDallas, Texas, U.S.
Key people
Products
RevenueIncrease $23.068 billion (2023)
Number of employees2,389 (2023)
Website
Footnotes / references
A Sunoco fuel station in Peachtree, North Carolina

Sunoco LP /səˈnoʊkoʊ/ is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels and operator of midstream services. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

Its current operational focus dates back to 2018 when it divested the non–core convenience store operations to 7-Eleven for $3.2 billion, which allowed for Sunoco LP to improve its financial position. The transaction also provided a long-term take or pay fuel supply agreement with 7-Eleven to generate consistent earnings and cash flows. Joseph Kim is the current Chief Executive Officer.

As of 2024, the company distributes over 8 billion gallons of fuel across more than 40 U.S. states and territories, making it one of the largest independent fuel distributors in the United States.

The partnership was known as Sun Company, Inc. from 1886 to 1920 and 1976 to 1998, and as Sun Oil Co. from 1920 to 1976. (The Sunoco name is a condensation of SUN Oil COmpany.)

History

1800s to 1950s: founding and growth

Newspaper ad for Sunoco motor oil, then known as The Sun Oil Co. Tulsa Daily World (November 1, 1922).

The partnership began as The Peoples Natural Gas Company in Pittsburgh, Pennsylvania. In 1886, its partners – Joseph Newton Pew, Philip Pisano, and Edward O. Emerson – decided to expand their fuel business with a stake in the new oil discoveries in Ohio and Pennsylvania. Four years later, the growing enterprise became the Sun Oil Company of Ohio. Sun Oil diversified quickly and became active in the production and distribution of oil as well as processing and marketing refined products. By 1901, the company was incorporated in New Jersey as Sun Company, Inc.

In 1902, the Sun Oil Refining Company was chartered in Texas, as it turned its interest to the new Spindletop field in Texas. Joseph Newton Pew's nephew, J. Edgar Pew, was able to buy the storage and transportation assets of Lone Star and Crescent Oil Company at a receivership auction. Spindletop oil was then shipped to the company's Marcus Hook, Pennsylvania, refinery.

Pew's sons, J. Howard Pew and Joseph N. Pew, Jr. would take over the company after their father's death.

With a growing portfolio of oil fields and refineries, Sun opened its first service station in Ardmore, Pennsylvania, in 1920. In 1922, it changed its name back to Sun Oil Company and, in 1925, it became a public company via an initial public offering on the New York Stock Exchange. Sunoco ranked 39th among United States corporations in the value of World War II production contracts. Sun expanded internationally following the war. Its first Canadian refinery was built in 1953 in Sarnia, Ontario, home to a burgeoning new petrochemical industry. Sun established a facility at Venezuela's Lake Maracaibo in 1957, which produced over a billion barrels (160,000,000 m) before the operation was nationalized in 1975.

Sunoco Custom–Blended fuel pump replica transistor radio

In 1956, Sunoco introduced "Custom–Blended" fuel pumps, an innovation that allowed customers of Sunoco service stations to choose from several octane ratings through a single pump. Sunoco stations offered as many as eight grades of "Custom–Blended" fuels from its "Dial A Grade/Blend Selector" pumps ranging from subregular Sunoco 190 to Sunoco 260 and super-premium grade of 102 octane. The Sunoco 260 was advertised as "The Highest Octane Fuel You Can Buy!" and very popular with operators of V8–powered muscle cars of the 1960s.

1960s to 1990s: acquisitions and branding

In 1967, Sun established its Great Canadian Oil Sands Limited facility in northern Alberta, Canada to access the estimated 300 billion barrels (48 km) of extractable oil in the Athabasca oil sands.

In 1968, Sun Oil merged with Tulsa, Oklahoma–based Sunray DX Oil Company, which refined and marketed fuel under the DX brand in several midwestern states, and included several refineries. Its Tulsa refinery was operated by Sun until its sale in June 2009 to Holly Corporation of Dallas. This move expanded Sun's marketing area into the mid–continent region.

Sun Oil continued marketing its petroleum products under both the Sunoco and DX brands through the 1970s and into the 1980s. In the late 1980s, Sun began rebranding DX stations in the Midwest to the Sunoco brand, but by the early 1990s, they pulled out of virtually all areas in the southeastern U.S. and west of the Mississippi, resulting in the closing and rebranding of service stations and jobbers to other brands in those areas, notably Sinclair in Oklahoma and Kerr-McGee in Arkansas.

With increased diversification, Sun Oil Company was renamed Sun Company in 1976. In 1980, Sun acquired the U.S. oil and gas properties of Texas Pacific Oil Company, Inc., a subsidiary of The Seagram Company Ltd, for U.S.$2.3 billion – the second largest acquisition in U.S. history to that date.

Through the 1980s, Sun developed oil interests in the North Sea and offshore China and expanded its holdings in both oil and coal with additional U.S. business acquisitions. In 1983, Sun Oil launched Sunoco ULTRA 94, the market's highest octane unleaded fuel. Then in 1988, Sun undertook a restructuring to segregate its domestic oil and fuel exploration and production business and focus the company on its refining and marketing business. This led to the acquisition of Atlantic Refining and Marketing (and, in effect, that company's convenience store chain, A–Plus), including its Philadelphia refinery which was later merged with the former Gulf Oil refinery next door that Sunoco acquired from Chevron.

By the 1990s, Sun had departed the international exploration business and was fully dedicated to its branded products and services. In 1994, Sunoco acquired the Philadelphia Chevron Oil refinery consolidating operations with its own adjacent which it had acquired with Atlantic. Sun sold its remaining interest in Canada's Suncor Energy in 1995 but markets products from two refineries – one in Toledo, Ohio, and the other Sarnia, Ontario – in joint ventures. In 1998, Sun Company, Inc. became Sunoco, Inc. In 2011 the Toledo facility was sold to PBF Energy, Inc.

In 1998, Sun acquired the chemical business of Allied Signal, including a phenol plant. The business was renamed as "Sunoco Chemicals, Inc." In 2011, the plant was acquired by Honeywell for $85 million.

2000s

In 2003, Speedway LLC, then a subsidiary of Marathon Petroleum, sold 193 convenience stores to Sunoco. It also acquired many service stations from Coastal Petroleum.

Sunoco UltraTech race fuel tanker truck at Auto Club Speedway

In 2004, Sunoco replaced the ConocoPhillips' 76 brand as the Official Fuel of NASCAR.

After ConocoPhillips abandoned the marketing of the Mobil brand name in the Washington, D.C. area, Sunoco purchased these rights, converted Maryland and Virginia Mobil stations to the Sunoco brand, bringing the A–Plus convenience store with them – prior to this, these stations had convenience stores under the Circle K or On the Run brands.

In September 2009, Sunoco sold its retail heating oil and propane distribution business to Superior Plus for $82.5 million in cash.

In Canada, the Sunoco brand was licensed for the Ontario retail fuel station operations of Suncor Energy until 2010. Following Suncor's acquisition of Petro-Canada, all Canadian Sunoco outlets were converted to Petro–Canada branding, except for one location in Port Colborne, Ontario, which closed in 2023.

In December 2010, Sunoco sold its refinery in Toledo, Ohio, to PBF Energy, Inc. for $400 million. Effective September 6, 2011, Sunoco announced that it would exit the crude oil refining business and seek to sell its Philadelphia and Marcus Hook, Pennsylvania refineries by mid-2012. The company has said that its cost for exiting the refining business could be as high as $2.7 billion. According to one report, the company had lost some $800 million on refining operations since 2009; an earlier report provided a figure of $772 million.

On December 1, 2011, Sunoco announced it would accelerate closure of the Marcus Hook facility. The Marcus Hook facility, founded in 1902 and covering 781 acres, was dedicated exclusively to the processing of light sweet crude oil; this processing focus combined with volatility in crude oil prices are considered contributing factors to both this refinery's closure and Sunoco's exit from the refinery business.

In 2012, Sunoco demolished its Eagle Point refinery complex in West Deptford Township, New Jersey, which had been idle since 2010.

In September 2012, Sunoco formed a joint venture with The Carlyle Group, allowing for the continuation of operations at the Philadelphia refinery, and temporarily saving over 800 jobs. However, on January 22, 2018, the joint venture, named Philadelphia Energy Solutions, filed for bankruptcy. The bankruptcy announcement was followed by a damaging fire on June 21, 2019, which occurred at the 30,000 bpcd alkylation unit. The explosion of the alkylation unit triggered a massive fireball and caused nearby homes to shake. A few days later, on June 26 the refinery complex announced it would cease operations and shut down.

Environmental record

In 2014, Sunoco was one of 50 companies sued by Pennsylvania, which alleged that the companies polluted waters with MTBE, a fuel additive.

In 2000, Sunoco leaked 190,000 gallons of oil into the John Heinz National Wildlife Refuge at Tinicum in Pennsylvania through a cracked pipe. Sunoco claimed their systems did not detect the leak; the leak was reported by a hiker in the Wildlife Refuge. Afterwards, the company installed advanced leak detection systems while removing the defective joints on this and associated pipelines.

In 1993, Sunoco became the first Fortune 500 company to endorse the CERES principles (Coalition for Environmentally Responsible Economies). The 10–point conduct code includes public reporting of environmental record.

On April 4, 1991, Pennsylvania U.S. Senator H. John Heinz was killed when his airplane collided with a Sun Company helicopter in what is known as the Merion air disaster. Falling debris killed two children at the Merion Elementary School in the Lower Merion School District. The National Transportation Safety Board determined that the probable cause of the accident included poor judgment and errors on the behalf of both pilots.

Purchase by Energy Transfer Partners and creation of Sunoco LP as master–limited partnership

Sunoco LP logo

In 2012, Dallas–based energy company Energy Transfer Partners purchased Sunoco. Sunoco would subsequently move its corporate headquarters to Dallas in 2016.

On August 29, 2014, Energy Transfer Partners acquired Susser Holdings Corporation, owner of Stripes Convenience Stores and general partner of Susser Petroleum Partners LP (SUSP). On October 27, 2014, Susser Petroleum Partners LP changed its name to Sunoco LP and its ticker symbol from SUSP to SUN. From 2014 to 2016, Energy Transfer Partners sold the combined retail and marketing assets of Sunoco and Susser Holdings to Sunoco LP.

In Texas, Sunoco replaced Valero at the Stripes locations; Stripes and A–Plus remained separate brands.

Current Operation: Focus on fuel distribution and midstream operations

Also in 2014, Sunoco LP acquired Aloha Petroleum, Ltd., a retail and wholesale fuel business with six terminals in Hawaii. Additionally, Sunoco LP purchased eight Pico convenience stores in south central Texas. In December 2015, Sunoco LP completed its acquisition of Alta East, Inc., a wholesale motor fuel distribution business serving the northeast United States. In 2015, Aloha Petroleum, Ltd. acquired stores including a Subway in Hawaii.

In June 2016, Sunoco LP purchased Valentine Convenience stores, consisting of 18 locations selling more than 20 million gallons of fuel, as well as Texas–based Kolkhorst Petroleum, Inc. Kolkhorst operated 14 convenience stores under the Rattler's brand and distributed more than 46 million gallons of fuel. Denny Oil, a convenience store and wholesale distributor operator, was purchased by Sunoco LP in October 2016, adding an additional 90 million gallons of fuel to its distribution business.

Sunoco diversified its portfolio in August 2016 with the acquisition of Emerge Energy Services LP, entering into the business of processing transmix fuels.

In April 2017, Sunoco introduced at all of its stations Sunoco UltraTech, a high-detergent fuel blend that met Top Tier standards. Sunoco UltraTech contains the same detergent level as the fuel Sunoco makes for NASCAR.

Sunoco fuel station in Middletown, New York operated by Gas Land Petroleum, Inc.

In January 2018, the company sold 1,030 retail stores to 7-Eleven and agreed to supply 2.2 billion gallons of fuel to 7–Eleven convenience stores annually for 15 years. This included Sunoco's contract to the service plazas along the Pennsylvania Turnpike. Sunoco LP announced the completion of the acquisition of the refined terminaling business from American Midstream Partners, LP on December 20, 2018.

On April 2, 2018, Sunoco announced the completion of the conversion of its 207 retail sites located in central west Texas, Oklahoma, and New Mexico markets to a single commission agent, Cal's Convenience, Inc. That month also saw the acquisition of Superior Plus Energy Services, adding three terminals and approximately 200 million gallons to Sunoco LP's wholesale fuels business. Additional 2018 acquisitions included Sandford Energy, LLC. in August, BRENCO Marketing Corp. in October, and Schmitt Sales, Inc. in December.

In 2019, Sunoco LP announced a 50 percent ownership joint venture with Energy Transfer on the J.C. Nolan diesel fuel pipeline that connects west Texas to the Gulf Coast. On January 18, 2019, Sunoco LP announced the execution of a definitive asset purchase agreement with Attis Industries, Inc. for the sale of Sunoco LP's ethanol plant, including the grain malting operation in Fulton, New York.

In 2021, the company expanded its midstream footprint with the construction of a terminal in Brownsville, Texas along with the purchase of Cato Incorporated, with a terminal in Maryland, and NuStar Energy LP, with eight terminals in Illinois, Maryland, Florida, New Jersey, and Virginia.

In 2022, Sunoco acquired Gladieux Capital Partners, LLC, a transmix plant in Indiana that included a wholesale fuel business, and Peerless Oil & Chemicals, a terminal and wholesale fuel business in Puerto Rico.

In May 2023, the company completed the acquisition of 16 refined product terminals located across the East Coast and Midwest from Zenith Energy.

In January 2024, Sunoco announced the sale of 204 convenience stores in New Mexico, Oklahoma, and West Texas to 7-Eleven for $1.0 billion.

On March 13, 2024, Sunoco LP announced its acquisition of Zenith Energy Netherlands Amsterdam B.V., which included liquid fuels terminals in Amsterdam, Netherlands, and Bantry Bay, Ireland.

On May 3, 2024, Sunoco LP closed on the acquisition of NuStar Energy LP for $7.3 billion. As reported by J.P. Morgan analysts, the acquisition “represented a transformative shift in strategy to a more diversified and vertically integrated business.” Assets added in the acquisition included a network of approximately 9,500 miles of pipeline and 63 terminals.

In July 2024, Sunoco LP announced the formation of a joint venture with Energy Transfer to combine their crude oil and produced water-gathering assets in the Permian Basin. The joint venture now operates more than 5,000 miles of crude oil and water gathering pipelines along with crude oil storage capacity of over 11 million barrels. Energy Transfer holds a 67.5% interest in the joint venture, with Sunoco LP holding the remaining 32.5% interest.

In August 2024, the company acquired a liquid fuels terminal in Portland, Maine.

Sunoco fuel stations logo

As of 2024, Sunoco still operates 76 retail locations, all of which are located in New Jersey and Hawaii (branded as Aloha Petroleum, Ltd.).

Exclusive deals

Sunoco has exclusive deals as the fuel supplier at the travel plazas along the Ohio Turnpike, Pennsylvania Turnpike, New Jersey Turnpike, Garden State Parkway, Atlantic City Expressway, Palisades Parkway, and Delaware Turnpike.

Sunoco also operates some of the fuel filling stations on the New York Thruway, as well as the two service areas – Chesapeake House, and Maryland House – along Interstate 95 in Maryland.

Leadership

President

Joseph Newton Pew, 1886–1912
J. Howard Pew, 1912–1947
Robert G. Dunlop, 1947–1970
H. Robert Sharbaugh, 1970–1976
Theodore A. Burtis, 1976–1981
Robert McClements, Jr., 1981–1987
Robert P. Hauptfuhrer, 1987–1988
Robert McClements, Jr., 1988–1991
Robert H. Campbell, 1991–1996
John G. Drosdick, 1996–2008
Lynn L. Elsenhans, 2008–2012
Brian P. MacDonald, 2012
Robert W. Owens, 2012–2017
Joseph Kim, 2017–

Chairman of the Board

Joseph Newton Pew, Jr., 1947–1963
J. Howard Pew, 1963–1971
Robert G. Dunlop, 1971–1974
H. Robert Sharbaugh, 1975–1979
Theodore A. Burtis, 1979–1987
Robert McClements, Jr., 1987–1992
Robert H. Campbell, 1992–2000
John G. Drosdick, 2000–2008
Lynn L. Elsenhans, 2009–2012
Sam L. Susser, 2014–2015
Matthew S. Ramsey, 2015–2022
Ray W. Washburne, 2022–

Fuel brands

Sunoco Performance Fuels

Sunoco fuel pump with five octane ratings

As of 2017, Sunoco's full lineup of fuels meets both the demands of high-performance drivers and the specifications of the TOP TIER Fuel Program. Its enhanced fuel detergency helps keep engines clean and ensures compliance with tight vehicle emissions requirements. Sunoco fuels all have the same level of detergency that they use to fuel NASCAR and help vehicles run cleaner, longer, and more efficiently.

94 Octane

From 1983 to the early 2000s, 94-octane Ultra 94 was the market's highest octane of unleaded fuel. In 2021, Sunoco began to reintroduce the 94-octane fuel in specific markets.

Sunoco Race Fuels

Sunoco Race Fuels is a refiner and distributor of racing fuels. Originally featuring two high-octane options (Sunoco 260 and 280), Sunoco Race Fuels now produces 18 different high-performance fuel blends, which are used for all types of professional motorsports. All Sunoco Race Fuels products are refined at Sunoco LP's Marcus Hook facility.

Sunoco sign at New Hampshire Motor Speedway during a NASCAR race

Sunoco Race Fuels also holds partnerships as the Official Fuel or Spec Fuel of the following racing series:

Motorsports partnerships

Team Penske's No. 6 1969 Sunoco Chevrolet Camaro raced in the Trans-Am Series.
Team Penske's Sunoco Porsche + Audi 1973 Can-Am Serie car
Team Penske's 1972 Indianapolis 500 winning McLaren M-6B powered by Offenhauser race car

The Sunoco fuel brand was Team Penske's sponsor of choice for many years, particularly in the Sports Car Club of America Trans-Am Series, where Roger Penske's Sunoco Camaros won the championship in 1968 and 1969. Sunoco also sponsored Penske Porsche + Audi Le Mans in the Sports Car Club of America Can-Am series, and Penske won his first Indianapolis 500 in 1972 with driver Mark Donohue.

A Sunoco fuel tanker truck refueling Charlie Kimball's No. 83 Honda IndyCar
Sunoco Ultra94 sponsored No. 94 NASCAR display at the Honda Indy Toronto race.

NASCAR Whelen Modified Tour standout Charlie Rudolph made five appearances in the NASCAR Winston Cup Series (now NASCAR Cup Series) in 1987, bringing Sunoco into the sport for the first time. Between 1989 and 1992, Sunoco sponsored Hagan Racing. Sterling Marlin drove the No. 94 Sunoco Ultra94 Oldsmobile during the 1989–90 seasons and Terry Labonte for the 1991–92 seasons.

From 1995 to 1997, Sunoco was the primary sponsor of ST Motorsports No. 47 Chevrolet, driven by Jeff Fuller. Fuller captured his lone NASCAR Busch Grand National Series (now NASCAR Xfinity Series) victory at Bristol Motor Speedway on August 23, 1996.

In 2003, Sunoco was named the Official Fuel of NASCAR. Starting in the 2011 NASCAR Sprint Cup Series Sunoco introduced a new race fuel Green E15 98 octane racing fuel which is still used in the NASCAR Cup Series today.

Sunoco was the Official Fuel of the NTT IndyCar Series from 2011 through 2018, and the Indianapolis Motor Speedway from 2015 through 2018. New for the 2012 IZOD IndyCar Series, Sunoco introduced a new ethanol fuel blend rate that was reduced to E85 formula in a reference of road car relevance.

In 2013, Sunoco sponsored the No. 60 Panther Racing Chevrolet in the 2013 Indianapolis 500 with driver Townsend Bell. Following their participation in that event, Sunoco partnered with KV Racing and driver Tony Kanaan, who won the 2013 Indianapolis 500, for a four-race primary sponsorship agreement.

In 2015, Sunoco became the Official Fuel of the National Hot Rod Association.

In 2016, Sunoco was the founding partner of the "Daytona Rising" project, which was highlighted by the reimagining of the historic Daytona International Speedway. The Sunoco Injector, a branded fan engagement area built as part of the new speedway section opened during the Daytona 500 weekend.

In 2017/2018, Sunoco became the Official Fuel for the Canadian Snow Cross Circuit.

In 2019, Sunoco signed on to be the presenting sponsor of the Richmond Raceway eSports Fueled By Sunoco, an eNASCAR iRacing World Championship Series team, with Malik Ray driving the No. 90 Sunoco Toyota Camry. Beginning in 2020, defending series champion Zack Novak will pilot the Sunoco sponsored entry, with Jimmy Mullis as his Richmond Raceway eSports teammate in the No. 46 Toyota.

As of 2023, Sunoco completed its 20th season as the Official Fuel of NASCAR.

In 2024, the company announced a two-year agreement with Sauber Motorsport to sponsor its Formula 1 racing team.

Sponsorships

Sunoco signage at Citizens Bank Park, home of the Philadelphia Phillies

Sunoco is a partner with the following:

  • Hersheypark – Sponsor of the Twin Turnpike – Classic Cars and Twin Turnpike – Speedway cars.

See also

References

  1. "Sunoco LP 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "7-Eleven completes purchase of 1,030 Sunoco stores after FTC review excludes 59" Dallas Morning News. Retrieved 2024-10-18.
  3. "7-Eleven Gains Stores as Sunoco Changes Its Stripes" CSP Daily News. Retrieved 2023-02-15.
  4. "Fitch Upgrades Sunoco, LP to 'BB'" Fitch Ratings. Retrieved 2024-10-18.
  5. "Kim promoted to Sunoco president, COO; Owens to retire as CEO" Oil & Gas Journal. Retrieved 2024-08-21.
  6. "House of the Rising SUN - Sunoco LP's $7.3 Billion Deal to Acquire NuStar Energy" RBN Energy. Retrieved 2024-09-04.
  7. "Sunoco LP to acquire NuStar Energy in $7.3-billion deal" Oil & Gas Journal. Retrieved 2024-09-04.
  8. "Sunoco to Buy NuStar Energy for $7.3 Billion" Transport Topics. Retrieved 2024-09-04.
  9. Linsley, Judith; Rienstrad, Ellen; Stiles, Jo (2002). Giant Under the Hill, A History of the Spindletop Oil Discovery at Beaumont, Texas in 1901. Austin: Texas State Historical Association. pp. 196–199. ISBN 9780876112366.
  10. Olien, Diana; Olien, Roger (2002). Oil in Texas, The Gusher Age, 1895-1945. Austin: University of Texas Press. p. 48. ISBN 0292760566.
  11. Peck, Merton J. & Scherer, Frederic M. The Weapons Acquisition Process: An Economic Analysis (1962) Harvard Business School p. 620
  12. "Sunoco Gas Station - Poplar Grove Vintage Wings & Wheels Museum".
  13. "America's six finest gasoline grades custom-blended to fit any car today". Shamokin News-Dispatch. Shamokin, Penn. July 2, 1958. Advertisement.{{cite news}}: CS1 maint: postscript (link)
  14. "The oilsands at 50: Will they still be producing in 100 years?".
  15. "Sunray Dx Oil Company, and J. H. Douma, R. E. Foss, R. Paul Henry, R. W. Mcdowell, L. G. Rodgers, and C. H. Wright, Appellants, v. Helmerich & Payne, Inc., John C. Priest, Andrew J. Musacchio and James Crum, Appellees, 398 F.2d 447 (10th Cir. 1968)". United States Court of Appeals for the Tenth Circuit. July 12, 1968.
  16. "Holly Corp Form 8-K" (PDF). Holly Corporation. April 16, 2009.
  17. "Sunoco Chemicals and the Sarnia Refinery". Sunocochem.com. Retrieved 2011-11-25.
  18. "Sun Co. to Acquire AlliedSignal's Philadelphia Phenol Facility". Hydrocarbon Online. April 2, 1998.
  19. DiStefano, Joseph N. (May 18, 2011). "Sunoco sells Philly plant to Honeywell". Philadelphia Media Network.
  20. "Sunoco buying 193 stations from Marathon Ashland unit". American City Business Journals. February 7, 2003.
  21. "FTC Closes Investigation of Sunoco's Proposed Acquisition of Coastal Eagle Point Oil Company". Federal Trade Commission (Press release). December 29, 2003.
  22. Mathis, Mike (May 10, 2004). "Sunoco and NASCAR forge winning team". American City Business Journals.
  23. "Superior Plus Completes US$86 Million Acquisition of Sunoco Retail Heat" (Press release). Marketwired. September 30, 2009.
  24. Samanta, Koustav (September 2, 2009). "Superior to buy Sunoco's fuel distribution biz". Reuters.
  25. "Sunoco.ca".
  26. Maykuth, Andrew (December 2, 2011). "Sunoco abruptly shuts Marcus Hook refinery". Philadelphia Media Network.
  27. Key, Peter (January 20, 2012). "Venture that saved a Philadelphia refinery launched". American City Business Journals.
  28. Littel, Bryan (February 16, 2012). "Sunoco Demolishing Eagle Point Refinery". Patch Media.
  29. "The Carlyle Group and Sunoco Agree to Form Philadelphia Refinery Joint Venture" (Press release). The Carlyle Group. July 1, 2012.
  30. Key, Peter (September 19, 2012). "Venture that saved a Philadelphia refinery launched". American City Business Journals.
  31. Powell, Barbara J.; Murtaugh, Dan (January 22, 2018). "Biggest U.S. East Coast Oil Refinery Files for Bankruptcy". Bloomberg L.P.
  32. Renshaw, Jarrett (June 21, 2019). "Massive Philadelphia Refinery Fire Threatens Facility's Future". Reuters.
  33. Mervosh, Sarah (June 21, 2019). "Philadelphia Oil Refinery Explosion Shakes City With Huge Fireball". The New York Times.
  34. Maykuth, Andrew; Vargas, Claudia (June 26, 2019). "Philadelphia Energy Solutions to close refinery damaged by fire; gas prices spike". Philadelphia Inquirer.
  35. "Pa. sues 50 companies over gasoline leaks, additive MTBE pollution". The Patriot-News. Associated Press. June 20, 2014.
  36. "Pa. spill is gasoline, officials say; no word on quantity or source [updated]". WHYY. Retrieved 2021-06-25.
  37. "Archived copy" (PDF). Archived (PDF) from the original on 2016-03-16. Retrieved 2016-03-06.{{cite web}}: CS1 maint: archived copy as title (link)
  38. "U.S. Settles Suit Against Sunoco" EPA Newsroom. Retrieved 2024-11-14.
  39. "SUNOCO : Issues 2009 Corporate Responsibility Report" MarketScreener. Retrieved 2023-05-03.
  40. CUSHMAN JR., JOHN H. (April 5, 1991). "Senator Heinz and 6 Others Killed In Midair Crash Near Philadelphia". The New York Times.(subscription required)
  41. CUSHMAN JR., JOHN H. (September 18, 1991). "Bad moves by 2 pilots blamed in Heinz crash". Pittsburgh Post-Gazette.
  42. Energy Transfer Partners buys oil refiner Sunoco Archived March 13, 2016, at the Wayback Machine USA Today (04/30/2012)
  43. "Sunoco LP Moving Corporate HQ From Philly to Dallas - D Magazine". 11 February 2016.
  44. Maykuth, Andrew (April 29, 2014). "Sunoco parent buys Texas chain for $1.8 billion". Philadelphia Media Network.
  45. "SUN Rise, SUSP Set" CSP Daily News. Retrieved 2024-10-23.
  46. "Susser Petroleum Partners changes name to Sunoco; ticker changed to 'SUN'" Fox Business. Retrieved 2023-04-10.
  47. "Aloha Saying Goodbye to Hawaii". CSP Daily News. September 26, 2014.
  48. "Sunoco LP Acquires 8 Pico Convenience Stores in South Central Texas".
  49. "Sunoco LP Acquires Alta East Fuel Distribution".
  50. Magin, Janis L. (October 1, 2015). "Aloha Petroleum acquires Kauai Shell gas stations, Subway, convenience stores". American City Business Journals.
  51. "Valentine Stores Sells Retail Business to Sunoco LP".
  52. "Rattlers C-Store Chain Changes Hands".
  53. "Sunoco Closes on Acquisition Deal with Denny Oil".
  54. "Sunoco Completes Acquisition of Emerge Energy Fuels Biz".
  55. "Sunoco Launching High Detergent Fuel Blend".
  56. Kezar, Korri (January 25, 2018). "7-Eleven completes $3.3B purchase after agreeing to divest stores". American City Business Journals.
  57. "Sunoco LP Completes the Acquisition of the Refined Products Terminalling Business from American Midstream Partners, LP".
  58. "Cal's Convenience Picks up 207 Sites from Sunoco".
  59. "Sunoco LP Announces Definitive Agreement to Acquire the Wholesale Fuel Distribution and Terminal Business from Superior Plus Corporation".
  60. "Sunoco LP Completes the Acquisition of Sandford Oil".
  61. "Sunoco Acquires Brenco Marketing".
  62. "Sunoco LP Acquires C-Stores from Speedway, Schmitt Sales".
  63. "Energy Transfer boosts Q2 net income by $523M » Kallanish Energy News". Archived from the original on 2020-01-24. Retrieved 2020-01-24.
  64. "Attis Industries Completes Acquisition of Corn Ethanol Plant from Sunoco LP" (Press release). 3 June 2019.
  65. "Sunoco Expands Midstream Footprint" Port of Brownsville. Retrieved 2023-04-21.
  66. "Sunoco to buy storage terminals from NuStar Energy, Cato, Incorporated" Bulk Transporter. Retrieved 2023-04-21.
  67. "Sunoco indicated higher after Q4 earnings, revenues top estimates" Seeking Alpha. Retrieved 2023-04-21.
  68. "Sunoco LP completed the acquisition of Peerless Oil & Chemicals, Inc. for $76 million." MarketScreener. Retrieved 2023-04-21.
  69. "Sunoco Buys Terminals from Zenith Energy for $110 Million" Pipeline & Gas Journal. Retrieved 2023-06-20.
  70. "Sunoco Buys Terminals from Zenith Energy for $110 Million" Hart Energy. Retrieved 2023-06-20.
  71. "Sunoco to sell 204 stores to 7-Eleven for $1.0 billion" Reuters. Retrieved 2024-01-18.
  72. "Sunoco to Buy European Liquid-Fuel Terminals" MarketWatch. Retrieved 2024-01-24.
  73. "Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion" Bloomberg. Retrieved 2024-01-24.
  74. "Sunoco to buy NuStar Energy in $7.3 bln deal as it expands midstream business" Reuters. Retrieved 2024-10-13.
  75. "Sunoco to Buy NuStar in $7.3B Deal" Rigzone. Retrieved 2024-10-13.
  76. "Energy Transfer, Sunoco form joint venture of Permian crude businesses" Reuters. Retrieved 2024-11-06.
  77. "Energy Transfer, Sunoco combine Permian assets" Midland Reporter-Telegram. Retrieved 2024-11-06.
  78. "Sunoco to Buy South Portland, Maine, Products Terminal from ArcLight" MarketWatch. Retrieved 2024-11-06.
  79. "Form 10-Q- March 31, 2024" (PDF). SEC. Retrieved 31 October 2024.
  80. "Service Plazas - Contact Information". Pennsylvania Turnpike Commission.
  81. "Sunoco to Provide Fuel along Ohio Turnpike" (Press release). Business Wire. December 22, 2010.
  82. "Sunoco Drives Onto N.J.'s Garden State Parkway". Convenience Store News. January 11, 2011.
  83. "Frank S. Farley Service Plaza". South Jersey Transportation Authority.
  84. "How Sunoco Became King of the Turnpike". CSP Daily News. May 10, 2016.
  85. "Maryland I-95 Travel Plazas". Maryland Transportation Authority.
  86. "Sunoco and Marathon Go Top Tier" CSP Daily News. Retrieved 2023-03-27.
  87. "Sunoco's Standards of Quality".
  88. "History" SunocoLP.com. Retrieved 2023-03-27.
  89. "A look behind the scenes at the Sunoco refinery in Marcus Hook | News". www.delcotimes.com. Archived from the original on 2020-08-07.
  90. "Sunoco Race Fuel | Official Fuel of Nascar".
  91. "IHRA Sponsor Spotlight: Sunoco Race Fuels" Racer. Retrieved 2023-03-27.
  92. Huff, Richard M. (1994). Behind the Wall: A Season On the NASCAR Circuit. Bonus Books. p. 52-54. ISBN 9781566250115.
  93. Exum, David (June 13, 2008). "NASCAR Numerology: What's in a Car Number?". Boston Herald.
  94. "What a Gas: Sunoco Lands 10-Year Deal With NASCAR" Washington Post. Retrieved 2023-04-19.
  95. "Sunoco to Become Official Fuel of Indy Racing League in 2011" (Press release). Business Wire. May 27, 2010.
  96. "IndyCar, IMS land Speedway as official fuel partner".
  97. "Townsend Bell returns to Panther Racing for 97th Indianapolis 500".
  98. "Sunoco to become official sponsor of NHRA". Motor Sport. May 5, 2014.
  99. "Sunoco Race Fuels".
  100. "Sunoco Race Fuels".
  101. "Richmond Raceway & Sunoco Partner on Naming Rights to Richmond Raceway eSports Platform - Richmond Raceway". Archived from the original on 2020-01-24. Retrieved 2020-01-24.
  102. "Richmond Raceway". RichmondRaceway.com. Retrieved 2021-12-11.
  103. "Long-time NASCAR Partner Sunoco Named Watkins Glen NASCAR Xfinity Series Race Entitlement Partner" Watkins Glen International. Retrieved 2023-04-19.
  104. "Sunoco returns to F1 with Sauber after 48-year absence" Motorsport. Retrieved 2024-03-17.
  105. "Sunoco and Energy Transfer Sign First Joint Multi-Year Partnership With Stake F1 Team KICK Sauber" Yahoo! Finance. Retrieved 2024-03-17.
  106. "Pirates announce affiliation renewals with team partners". Pittsburgh Pirates. May 6, 2013.
  107. "News | PhiladelphiaUnion.com".
  108. "Twin Turnpike - Classic Cars presented by Sunoco".
  109. "Twin Turnpike - Speedway presented by Sunoco".

External links

Categories: