Sunoco LP is an American vehicle gasoline master limited partnership company 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 Oil Company from 1890 to 1976, and as Sun Company Inc. from 1976 to 1998. 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 e9usgal 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 14000 mi 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]
History
1800s to 1950s: founding and growth
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.[13][14]
Partnerships
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.[87][88][89][90][91]
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.[92]
Leadership
President/CEO
- 1) Joseph Newton Pew, 1886–1912
- 2) J. Howard Pew, 1912–1947
- 3) Robert G. Dunlop, 1947–1970
- 4) H. Robert Sharbaugh, 1970–1976
- 5) Theodore A. Burtis, 1976–1981
- 6) Robert McClements Jr., 1981–1987
- 7) Robert P. Hauptfuhrer, 1987–1988
- 8) Robert McClements Jr., 1988–1991
- 9) Robert H. Campbell, 1991–1996
- 10) John G. Drosdick, 1996–2008
- 11) Lynn L. Elsenhans, 2008–2012
Fuel brands
Sunoco Performance Fuels
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.[93][94]
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.[95]
Sunoco Race Fuels
Motorsports partnerships
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.
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.[99] 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.[100]
From 1995 to 1997, Sunoco was the primary sponsor of
Sponsorships
Sunoco is a partner with the following:
- Hershey Bears – American Hockey League Affiliate of the Washington Capitals
See also
- List of automotive fuel brands
- List of companies in Dallas
- Sunoco v. Honolulu
External links
- Official Sunoco webpage
- Official Sunoco LP webpage
- Sun Oil Company records are archived at the American Heritage Center, University of Wyoming.
References
- Sunoco LP 2024 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"