Sunoco
| Company type | Public |
|---|---|
| NYSE: SUN | |
| Industry | Petroleum industry |
| Founded | 1886 |
| Headquarters | Dallas, Texas, U.S. |
Key people |
|
| Products | |
| Revenue | $23.068 billion (2023) |
Number of employees | 2,389 (2023) |
| Website | |
| Footnotes / references [1] | |
Sunoco LP /səˈnoʊkoʊ/ is an American master limited partnership organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.
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 contraction of SUN Oil Company.
Its current operational focus dates back to 2018, when it divested the non–core convenience store operations to 7-Eleven for $3.2 billion,[2] which allowed for Sunoco LP to improve its financial position.[3] The transaction also provided a long-term take or pay fuel supply agreement with 7-Eleven to generate consistent earnings and cash flows.[4] As of 2024, Sunoco still operates 76 retail locations, all of which are located in New Jersey and Hawaii, the latter branded as Aloha Petroleum, Ltd..[5]
As of 2024, the company distributes over 8 billion U.S. gallons (30 billion liters) of fuel[6] across more than 40 U.S. states and territories,[7] making it one of the largest independent fuel distributors in the United States.[8] Its midstream operations include a network of approximately 14,000 miles (23,000 km) of pipeline and over 100 terminals.[9] It has by far the largest number of gas stations in Pennsylvania at over 800 locations, more than triple that of second-place ExxonMobil, though it is second to convenience store chain Sheetz in total fuel sales in the state.[10][11][12]
- ^ "Sunoco LP 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "7-Eleven completes purchase of 1,030 Sunoco stores after FTC review excludes 59" Dallas Morning News. Retrieved 2024-10-18.
- ^ "7-Eleven Gains Stores as Sunoco Changes Its Stripes" CSP Daily News. Retrieved 2023-02-15.
- ^ "Fitch Upgrades Sunoco, LP to 'BB'" Fitch Ratings. Retrieved 2024-10-18.
- ^ "Form 10-Q- March 31, 2024" (PDF). SEC. Retrieved 31 October 2024.
- ^ "House of the Rising SUN - Sunoco LP's $7.3 Billion Deal to Acquire NuStar Energy" RBN Energy. Retrieved 2024-09-04.
- ^ "Sunoco LP to acquire NuStar Energy in $7.3-billion deal" Oil & Gas Journal. Retrieved 2024-09-04.
- ^ "Sunoco to Buy NuStar Energy for $7.3 Billion" Transport Topics. Retrieved 2024-09-04.
- ^ "PetroTex Completes Sale of C-Stores to Sunoco" CSP Daily News. Retrieved 2025-01-03.
- ^ "Number of Sunoco locations in the USA in 2025".
- ^ "10 Largest gas stations in Pennsylvania in 2025 Based on Locations".
- ^ Williams, Mark (2021-04-09). "First central Ohio Sheetz store to open Tuesday, shifting gas station landscape". The Columbus Dispatch. Archived from the original on 2021-04-09.