Misplaced Pages

#629370

105-407: 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,

210-597: A fossil fuel , as well as a portmanteau between the " dinosaur " in Sinclair's logo and the suffixes of the " Amoco ", " Conoco ", and " Sunoco " franchises. The TV series Dinosaurs featured several characters with names derived from fossil fuel companies. The main character and his family had the surname Sinclair. Sinclair once had a service station in Montgomery, Alabama , in the Cloverdale neighborhood, that closed in

315-684: A gas/petrol station , so customers can purchase goods while refuelling their vehicle. It may be located alongside a busy road, in an urban area , near a railway or railroad station or other transport hub. In some countries, convenience stores have long shopping hours and some remain open 24 hours. Convenience stores often charge significantly higher prices than conventional grocery stores or supermarkets , as they buy smaller quantities of inventory at higher per-unit prices from wholesalers . Customers benefit from their longer opening hours, more convenient and greater number of locations and shorter cashier lines. A convenience store may also be called

420-468: 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

525-529: 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

630-473: A North American distribution company specializing in fresh convenience. Another large chain is Quickie Mart (whose name predates the fictitious " Kwik-E-Mart " featured on The Simpsons ). The world's largest convenience retailer, 7-Eleven , has about 500 Canadian locations from British Columbia to Ontario . Worldwide, the highest number of the chain's Slurpee beverages are sold in Winnipeg , Manitoba and

735-620: A cold store, party store ( Michigan ), bodega (New York City), carry out , mini-market , mini-mart , corner shop, deli or milk bar (Australia), dairy (New Zealand), superette (New Zealand, parts of Canada, and in parts of the US), corner store (many parts of English-speaking Canada and New England), a späti (from 'spätkauf' (lit. 'buy-late') in Germany, a konbini (コンビニ in Japanese ) in Japan, based on

840-534: A combination of these, but no household goods) or Trinkhalle ("drinking hall"), although they are not pubs, as the name might suggest. A name used for market stalls and also in some regions for little shops is Büdchen (from Bude , "stall, hut, room"); where no special local name for them exists, often just the equivalents of "small shop" or "corner shop" are used ("der kleine Laden/ das Lädchen / das Lädchen an der Ecke"). Snack shops integrated into petrol stations can also have long opening hours, but in contrast to

945-510: 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,

1050-428: A convenience store are often higher than those at a supermarket , mass merchandise store or auto supply store, as convenience stores order smaller quantities of inventory at higher per-unit prices from wholesalers. Some convenience stores are similar to corner markets, but often have less variety in food. Product containers in a convenience store are often smaller with reduced product quantity to allow more products on

1155-652: 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

SECTION 10

#1732852600630

1260-845: A day from factories. Since products are delivered as needed, stores do not need large stock areas. According to the Japan Franchise Association, as of October 2021 (data pertaining to the month of July 2021), there are 55,931 convenience stores in Japan. 7-Eleven leads the market with 12,467 stores, followed by: Lawson (9,562) and FamilyMart (7,604). Other operators include Circle K Sunkus (acquired by Family Mart in 2016; now defunct), Daily Yamazaki , Ministop , Am/Pm Japan (acquired by Family Mart in 2009; now defunct), Poplar , Coco Store (acquired by Family Mart in 2015; now defunct) and Seico Mart. Many items available in larger supermarkets can be found in Japanese convenience stores, though

1365-556: A desk as a decoy in front of their stores, while offering the same range of products as a holder of a mini market license. There are also many small neighborhood stores, known as toko kelontong or warung . Some are sponsored by a network of stores, mostly owned by cigarette companies (such as DRP by Djarum , GGSP by Gudang Garam or SRC by Sampoerna ) or tech companies (such as Mitra Bukalapak or Mitra Tokopedia ). Convenience stores ( コンビニエンスストア , konbiniensu sutoa ) , often shortened to konbini ( コンビニ ) , developed at

1470-596: A dinosaur exhibit, "Dinoland", featuring life-size replicas of nine different dinosaurs, including their signature Brontosaurus . Souvenirs from the exhibit included a brochure ("Sinclair and the Exciting World of Dinosaurs") and featured molded plastic dinosaur figurines. After the Fair closed, Dinoland remained as a traveling exhibit. Two of the replicas ( Tyrannosaurus and Brontosaurus ) are still on display at Dinosaur Valley State Park near Glen Rose, Texas. Another,

1575-423: A fast-food chain maintaining a counter in the store. To save space, food is not prepared in the store. Instead, these counters offer a limited menu of items delivered several times a day from a local branch of the restaurant, with items intended to be served hot either kept hot under a warming device or reheated as ordered. Convenience stores may be combined with other services, such as general stores and pawn shops,

1680-544: 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

1785-491: A high-detergent fuel blend that met Top Tier standards. Sunoco UltraTech contains the same detergent level as the fuel Sunoco makes for NASCAR . 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

1890-462: A lesser degree. Many convenience stores have a beverage fountain that offers coffee, soft drinks, and frozen beverages. Stores often stock fast-moving consumer goods ; items with a high turnover are preferred over items with a lower sales rate. The smaller convenience stores typically have few perishable items because it is not economically viable to rotate perishables frequently with a low number of staff. Smaller convenience stores also do not generate

1995-632: A limited amount of alcohol, newspapers, magazines, slushies, cup noodles, ice cream, hot food, oden , game reload and mobile top up cards. Some also have the service of reloading Touch N' Go cards or ATMs. Most have a microwave oven and hot water boiler to heat food. Some have seasonal and limited food, desserts or special imported products and items, like FamilyMart importing strawberry Coca-Cola from Japan. Malaysia has sundry shops that sell daily items and perishables at lower prices, but unlike convenience shops, they are not open 24/7. Some of these sundry shops also sell traditional herbs and ingredients. Oxxo

2100-688: A model of a Trachodon , has been displayed at Brookfield Zoo outside Chicago, Illinois . A replica of a Triceratops is owned by the Kentucky Science Center in Louisville , Kentucky and after a 2022 restoration was mounted above their parking garage. The Stegasaurus is on display in front of the Visitor Center of Dinosaur National Monument in Utah. A copy of the Triceratops is also owned by

2205-541: A service-station attendant in advertisements. Some locations have a life-size model of the mascot straddling the building's entrance. In the early 1960s, Sinclair, along with Henry W. Peters and his son Eric Woods, developed the Turbo-S aircraft oils used for reliability in commercial jets , military jets, guided missiles and space exploration rockets . At the New York World's Fair of 1964–1965 , Sinclair again sponsored

SECTION 20

#1732852600630

2310-484: 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. In 1967, Sun established its Great Canadian Oil Sands Limited facility in northern Alberta, Canada to access

2415-790: A single station in Arkansas and Wisconsin . Sinclair continued to use the green dinosaur, affectionately called "Dino", and marketed all its products under the logo. Sinclair patented the gasoline additive SG-2000. The high-octane fuel blend was called "Dino Supreme" and regular gas was "Dino", trade names used since 1961 when many oil companies still used trade names for their fuels instead of generic terms such as "regular," "premium," or "unleaded". Before that time, Sinclair's trade names for its gasoline products included "Power X" for high-octane fuel and "Sinclair H-C" for regular gas. Sinclair also has marketed products such as Dino, Dino Supreme, and Opaline motor oils. In August 2021, HollyFrontier announced

2520-722: 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

2625-526: A ticket counter for purchasing railway tickets, a post office counter , or gasoline pumps. In Asian countries like Japan or Taiwan , convenience stores are more common because of the higher population density. They are found with gasoline and train stations, but also can be stand-alone stores. Items such as soft drinks or snacks, hot dogs, sausages and fish cakes can be found in these stores. Delicatessens are absent; instead, pre-made sandwiches are available. Non-consumables such as magazines are also sold, but to

2730-566: A tremendous rate in Japan . 7-Eleven Japan, while struggling to localize their service in the 1970s to 1980s, evolved its point of sale -based business, until ultimately, Seven & I Holdings Co. , the parent company of 7-Eleven Japan, acquired 7-Eleven (US) from Southland Corporation in 1991. Japanese-style convenience stores also heavily influenced those stores in other Asian regions or countries, such as Mainland China , Taiwan , Thailand , and South Korea . Convenience stores rely heavily on

2835-579: 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,

2940-557: Is R-Kioski , with over 560 kiosks across the country, which are all franchise-licensed businesses. There are some independent convenience stores that use the word Kymppi or number 10 in their business name, which is reminiscent of a former large convenience store chain called 10-Kioski, which vanished around the early 2000s. Kymppi is a spoken colloquial word for number 10 ("kymmenen") in Finnish. Smaller towns often have independent kiosks. Convenience stores at service stations are run by either

3045-603: Is a small retail store that stocks a range of everyday items such as convenience food , groceries , beverages , tobacco products , lottery tickets , over-the-counter drugs , toiletries , newspapers and magazines . In some jurisdictions , convenience stores (such as off-licences in the UK) are licensed to sell alcoholic drinks , although many other jurisdictions limit such beverages to those with relatively low alcohol content, like beer and wine . The stores may also offer money order and wire transfer services, along with

3150-563: Is now common for convenience stores to sell fresh French bread (or similar). A process of freezing parbaked bread allows easy shipment (often from France ) and baking in-store. Some shops have a delicatessen counter, offering custom-made sandwiches and baguettes . Others have racks offering fresh delivered or baked doughnuts from local doughnut shops. Some shops have a self-service microwave oven for heating purchased food. Fast food items are often available, with stores offering such food either under its owner banner or in partnership with

3255-1106: Is the largest chain in the country, with more than 15,000 stores around the country. Other convenience stores, such as Tiendas Extra , 7-Eleven , SuperCity , ampm , and Circle K , are also found in Mexico . The first convenience store in the country, Super 7 (now a 7-Eleven), was opened in 1976 in Monterrey , Nuevo León . There are also some regional chains, like Amigo Express and CB Mas, that operate in Comarca Lagunera , Super Q and El Matador in Queretaro , Coyote in central Mexico, Kiosko in Colima and some locations in nearby states, and JV in northeastern Mexico. Stores sell fast food like coffee , hot dogs , nachos and prepaid cellphones between MXN$ 20 and MXN$ 500, mainly Telcel and Movistar , newspapers , magazines , and Panini products and other novelties. Sinclair Oil Sinclair Oil Corporation

Sunoco - Misplaced Pages Continue

3360-504: Is their extended hours of operation. Many are open 24 hours a day, seven days a week. The majority of convenience stores in Australia are small businesses, being either independently owned or operated under franchise or licence agreement. The industry comprises over 6,000 stores and employs well over 40,000 people as of mid-2018. The Australian convenience channel merchandise sales are valued at $ 8.4 billion (excluding petrol sales) according to

3465-759: 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

3570-724: The Smithsonian Institution and is on display as " Uncle Beazley " in the National Zoological Park in Washington, D.C. In 1955, Sinclair ranked 21st on the Fortune 500 ; by 1969, it had fallen to 58th. In 1969, Sinclair merged with the Atlantic Richfield Company (ARCO) after an attempted acquisition by the Gulf+Western Industries Corporation. Federal antitrust provisions required

3675-603: The Sun Valley and Snowbasin ski resorts. These properties were not part of the sale to HollyFrontier, and continue to be owned by the Holding Family. In March 2022, the sale to HollyFrontier was completed, and HF Sinclair Corporation traded on the NYSE under the ticker symbol DINO. The "Sinclair's Dino" balloon first appeared in the Macy's Thanksgiving Day Parade in 1963, returning to

3780-525: The "spark" graphic, but with the word "Sinclair" substituted for ARCO. In 1976, ARCO spun off Sinclair by selling certain assets to Robert (Earl) Holding . Assets divested in the spin-off included ARCO's retail operations in the region bounded by the Mississippi River and the Rocky Mountains , and the rights to the Sinclair brand and logo, resulting in many stations along Interstate 80 keeping

3885-643: The 1900s, and there are many of those stores in every neighbourhood. In the 2010s, modern convenience stores were introduced, mainly by the AMPM company. Competitors launched brands such as Musmanni Mini Super (a chain of bakery stores promoted to convenience stores), Vindi (operated by AutoMercado supermarket company) and Fresh Market (operated by AMPM in a format appealing to prosperous neighborhoods). In Finland , convenience stores are referred to as kiosks, except for those found inside service stations, which are referred to simply as stores. The biggest convenience store chain

3990-416: The 1970s. That location was remodeled in 1992 into a restaurant named Sinclair's in honor of the former neighborhood station. The ownership group also opened two other locations, one at Lake Martin and one on the eastside. The lake and Cloverdale locations were closed by 2018, while the eastside location has flourished for nearly 30 years as of 2023. Joey Jordison , founding drummer of Slipknot , worked at

4095-663: The AACS State of the Industry Report 2017. Australia has a flourishing convenience industry with a number of well-known convenience brands including: 7-Eleven, Ampol, NightOwl, Ezymart, BP, APCO, Coles Express, On The Run, Viva Energy, Freedom Fuels and Puma. Alimentation Couche-Tard Inc., which operates Couche-Tard, Provi-Soir, Dépanneur 7, Circle K , Mac's , Winks, and Becker's , is the largest convenience store chain in Canada and receives its products through Core-Mark International ,

4200-610: The Depression with the remaining supply of cash. Between 1921 and 1922, Sinclair leased oil production rights to Teapot Dome in Wyoming without competitive bidding. This led to the Teapot Dome scandal . At the same time, Sinclair Oil was approached by the Italian fascist government. Benito Mussolini 's government wanted to increase competition in the Italian oil market, which was controlled by

4305-640: The English loanword 'convenience', dépanneur or dep (used in Canada, primarily Quebec , in both English and French. It is a loanword from the French 'troubleshooter'). Various types include, for example, liquor stores ( off-licences -offices), mini-markets (mini-marts), general stores or party stores. Typically confectionery (sweets, ice cream, soft drinks), lottery tickets, newspapers and magazines are sold, although merchandise varies widely from store to store. Unless

Sunoco - Misplaced Pages Continue

4410-461: The French-speaking province of Quebec , a convenience store is known as a " dépanneur " or "dep" for short, even among some when speaking in English. Chilean convenience stores are typically found at gas stations in most urban and near-urban areas on highways. Examples include Punto/Pronto (owned by Copec ), Spacio 1 ( Petrobras , formerly called Tigermarket and On The Run before Esso Chile

4515-456: The Italian colonies". The deal was reported in a press release by the Head of Government (Mussolini) issued on the night of May 15, 1924, and published by most newspapers on the following day. The press release assured the public that Sinclair Oil had been awarded its contract on a competitive basis and had provided guarantees it had no relations with the international oil trust. This case of corruption

4620-745: The Italo-American Petroleum Society (SIAP), which in turn was fully dominated by Standard Oil . As the Teapot Dome scandal unfolded in the United States and reached the international press, Mussolini accelerated the negotiations, with a deal signed on May 4, 1924 (although without an official meeting, to avoid public outcry). Because of this, Sinclair Oil Company is known for having made "large payments to leading Fascists — all acting as intermediaries for Benito Mussolini — in return for an exclusive monopoly to drill for oil on Italian soil and in

4725-632: 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

4830-714: 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. As of 2024, Sunoco still operates 76 retail locations, all of which are located in New Jersey and Hawaii (branded as Aloha Petroleum, Ltd. ). Sunoco has exclusive deals as

4935-816: 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 . 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

5040-492: The United States it is one per 8,000 people. Another contributing factor to the widespread proliferation of convenience stores is that, because Japan has a lower crime rate, store owners are not reluctant to keep stores open at late hours in the night and customers are not reluctant to shop during those times. In Malaysia , 7-Eleven is the market leader in convenience shops, with over 2,000 shops. Other convenience shops in

5145-481: 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

5250-587: The acquisition of Sinclair Oil. A new company named HF Sinclair Corporation would be formed in 2022. Under the agreements, Sinclair Oil's branded marketing business and all related commercial activities and its refineries and related operations and assets in Casper and Sinclair, Wyoming, would be combined with HollyFrontier. Sinclair Oil's logistics and storage assets, including approximately 1,200 miles of pipelines, two crude oil terminals and eight light product terminals, would be combined with Holly Energy Partners (HEP). It

5355-588: 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. 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

SECTION 50

#1732852600630

5460-749: The assets of Prairie Oil and Gas' pipeline and producing companies in the southern United States , and the Rio Grande Oil Company in California. The purchase of Prairie also gave Sinclair a 65% interest in Producers and Refiners Corporation (or Parco), which Sinclair subsequently acquired when Parco entered receivership in 1934. Lastly, in 1936, Sinclair purchased the East Coast marketing subsidiary of Richfield Oil Company, which had operated in receivership for several years. Richfield then reorganized, resulting in

5565-475: The business needed to sustain food spoilage rates typical of grocery stores or supermarkets . As such, products with a long shelf life are the rule, unless a product is specifically aimed at attracting customers on the chance they may buy something profitable, too. Although larger, newer convenience stores may have a wide range of items, the selection is still limited compared to supermarkets, and in many stores only one or two choices are available. Prices in

5670-536: The checkout, the consumer receives a unique transaction code with an expiration date. Depending on the brand (i.e. 7–11 is slightly different from Family Mart), consumers will have to go to any convenience store and finalise the purchase, which can be either at the cashier or at the kiosk. Multiple providers offer konbini as checkout option for foreign companies selling online in Japan, such as Adyen , Degica and Ingenico ePayments. In 1974, Japan had 1,000 convenience stores. In 1996, Japan had 47,000 convenience stores and

5775-603: The city has been awarded the title of the "Slurpee Capital of the World" for many years running. Marketing itself as "more than just a convenience store", there are over 260 Hasty Market locations throughout Ontario and one in British Columbia . In addition to chain convenience stores, there are also many independently owned convenience stores in Canada. Convenience stores are also commonly referred to as "corner stores", "mini-marts" or "variety stores" in some regions of Canada. In

5880-534: The city. It also eases the burden of families. Many Malaysians also enjoy the seasonal food that these stores provide. These stores can be found almost anywhere, especially in areas with a higher population density, such as city centres, condominiums, apartment complexes, office areas, residential areas, shop lots and petrol stations, although the store density is as high as Taiwan or Japan. Items sold at such convenience shops usually range from pre-made local food like nasi lemak, onigiri, buns, snacks, toiletries, drinks,

5985-581: 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. 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.,

6090-503: 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

6195-585: 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.) 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

6300-686: 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

6405-570: The concession." Matteotti's theses were echoed in the notes of Epifanio Pennetta, who contributed to the preliminary investigation on the murder: "To all appearances," companies like Nafta and Saper "were in competition with the Sinclair company, while in fact they were in cahoots with Sinclair" and added that Sinclair Oil was actually working "in concert" with Standard Oil. During the Great Depression, Sinclair saved many other petroleum companies from receivership or bankruptcy and acquired others to expand its operations. In 1932, Sinclair purchased

SECTION 60

#1732852600630

6510-462: 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,

6615-423: The corner", due to many Arabic-speaking immigrants form Northwest Africa who work in this sector of the economy. These shops often stay open later than the "épiceries" or groceries, even on public holidays. Shop owners consider the name improper, especially those who come from other ethnic groups, including Imazighen . (See Arabe du coin for more details on their ethnic origins.) Berliners lovingly refer to

6720-495: The corporation operated two refineries—one in Casper, Wyoming , and one in Sinclair, Wyoming . Sinclair operated a third refinery in Tulsa, Oklahoma , until it was sold to Holly Corporation on December 1, 2009. Sinclair's other operations included 1,000 miles of pipeline. In the mid-2010s, Sinclair fuel stations began actively spreading across southern California, including Los Angeles , San Diego , and Fresno , with holders offering attractive deals for potential clients to make

6825-477: The country are myNEWS.com , 99 Speedmart , KK Super Mart , Quick and Easy and MyMart (owned by Mydin ). FamilyMart is also found in Malaysia and as of July 2020, has opened its 200th store in Malaysia with the goal of opening 1,000 stores by 2025, bringing the 'konbini' concept to Malaysia. CU 147SHOPS & E-MART25 Convenience stores are very popular among Malaysians, especially urban dwellers in Kuala Lumpur or other populated towns like Penang where

6930-417: The country with around 22,000 and 18,000 stores in 2023, respectively. Foreign chains like Family Mart , Circle K or Lawson , on the other hand, have their stores in big cities and cater to a specific lifestyle instead of focusing on "convenience". To be classified as a convenience store, the store should occupy no more than 100 square meters (1,100 sq ft) of service area; in some local residences,

7035-414: The creation of the Richfield Oil Corporation. Sinclair was instrumental in transferring capital and managerial assets into Richfield. Thirty years later, Richfield merged with Atlantic Refining , located on the East Coast, forming Atlantic Richfield . At the Chicago World's Fair of 1933–1934 , Sinclair sponsored a dinosaur exhibit meant to play on the link between the formation of petroleum deposits and

7140-449: 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

7245-450: The dinosaur logo. The ARCO stations in Texas , New Mexico , Illinois , and some portions of Oklahoma were not affected by the divestiture. They continued as part of ARCO until ARCO pulled out of those states in the 1980s. Headquartered in Salt Lake City, Sinclair was the 94th-largest private company in the United States . There were 2,607 Sinclair filling stations in 20 states in the Western and Midwestern United States . As of 2010,

7350-555: The earth came from the dead bodies of dinosaurs. Sinclair was ranked as one of the largest privately owned American corporations. It owned and operated refineries, gas stations, hotels, a ski resort, and a cattle ranch. Sinclair has long been a fixture on American roads with its dinosaur logo and mascot, an Apatosaurus . During September 1919, Harry Sinclair restructured Sinclair Oil and Refining Corporation, Sinclair Gulf Corporation , and 26 other related entities into Sinclair Consolidated Oil Corporation . In 1932, this new entity

7455-435: 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

7560-701: 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 . Convenience store A convenience store , convenience shop , bodega , corner store , corner shop , or superette

7665-401: The importance of creating destinations within the store that require additional space—whether coffee islands, food service areas with seating, or financial services kiosks. Convenience stores have expanded their offerings over the last few years, with stores becoming a part-supermarket, restaurant, gas station and even a bank or drug store. In the United States, convenience stores are sometimes

7770-451: The limit is 250 square meters (2,700 sq ft). The Indonesian government also regulates the convenience store license process, so it can only be bought by franchisees, using a different name and different brand, or classifying it as cafeteria . A convenience store with a cafeteria license is only allowed to sell a maximum 10% of its service space for non-food/beverages product. This type of convenience store often puts lawn chairs and

7875-400: 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

7980-778: 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

8085-669: The nearest traditional market. This allows traditional markets to continue selling local goods, but also greatly lowers the opportunities for profit by those who seek to build or own a convenience store by reducing the eligibility of property to be developed into a convenience store. This is especially true in small towns and rural areas. As a result, convenience stores in rural areas are often built side-by-side or at maximum within 50 meters (160 ft) of each other. The two major national convenience store chains in Indonesia are Indomaret and Alfamart , both of which serve almost all areas within

8190-489: The neighbourhood Späti -type shops, petrol station shops nowadays are usually part of large retail chains. " Tante-Emma-Laden  [ de ] " (aunt-Emma-shop) is used as a nostalgic term for old-fashioned general stores (typically family owned), the historic predecessors of modern discounters and supermarkets which they were replaced by (similar to mom-and-pop stores). In India , "mom-and-pop" convenience stores are called kirana stores and constitute part of

8295-458: 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

8400-545: The new entity to divest itself of certain Sinclair assets. As a result, the East Coast operations of Sinclair were sold to BP (which has since purchased ARCO). After the ARCO acquisition, many Sinclair stations in the Midwest continued to use the dinosaur logo and opted out of using ARCO's "diamond spark" logo. Some northwest Sinclair stations partially retained the Sinclair brand for a time, using ARCO's blue rectangular logo, including

8505-486: The number was increasing by 1,500 annually. Peter Landers of the Associated Press said that the computerised distribution system allows Japanese convenience stores to stock a wider variety of products, allowing them to be more competitive in the marketplace. Because of this technology and the consequent ease of maintaining the right amount of stock, Japan can support one convenience store for every 2,000 people, while in

8610-599: The only businesses near an interstate highway exit where drivers can buy any kind of food or drink for miles. Most of the profit margin from these stores comes from beer, liquor and cigarettes. Although those three categories themselves usually yield lower margins per item, the sales volume in them generally compensates for it. Profits per item are much higher on deli items (bags of ice, chicken, etc.), but sales are generally lower. In some countries, convenience stores have longer shopping hours , some being open 24 hours. The Australasian Association of Convenience Stores (AACS),

8715-613: 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. 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. In 2004, Sunoco replaced

8820-1172: The outlet is a liquor store , the range of alcoholic beverages is likely to be limited (i.e. beer and wine) or non-existent. Most stores sell cigarettes and other tobacco products (e.g. cigarette papers , pipe tobacco, cigars and e-liquid for e-cigarettes ). In many North American jurisdictions, tobacco products comprise the greatest portion of gross sales at convenience stores, between 25% and 35%. Varying degrees of food and grocery supplies are usually available, from household products to prepackaged foods like sandwiches and frozen burritos . Automobile-related items—such as motor oil, maps and car kits—may be sold. Often toiletries and other hygiene products are stocked, as well as sanitary products and contraception . Stores may carry apparel, home furnishings, CDs, and DVDs. Some stores offer money orders and wire transfer services. They may carry small appliances, as well as other household items such as coolers and backpacks. Convenience stores have also been known to carry candles, stationery, artwork, and crockery. Many convenience shops offer ready-to-eat food, such as breakfast sandwiches and fry-ups. Throughout Europe , it

8925-458: The parade in 2015 after a nearly 40-year absence. The balloon is an honorary member of New York's Museum of Natural History as of 1977. It is 36 feet (11 m) tall, 72 feet (22 m) long, and 24 feet (7.3 m) wide. The Brontosaurus logo is parodied in the Toy Story and Cars franchise films as being the "Dinoco" gas station chain, perhaps an allusion to gasoline and its origin as

9030-621: The peak body for Australian convenience stores, defines a convenience store as a "retail business with the primary emphasis placed on providing the public with a convenient location to quickly purchase from an array of consumable products, predominantly food and beverages, services as well as petrol." The product mix includes: food to go, beverages, dispensed/barista coffee, snacks (including confectionery), tobacco, basic groceries, ice, petrol and carwash. Stores may offer services such as ATMs, "click & collect", gas bottle exchange, money transfer and lottery tickets. A key feature of convenience stores

9135-489: The point of sale. Customers' ages and gender, as well as tomorrow's weather forecast, are important data. Stores place all orders online. As store floor space is limited, they must be careful in choosing what brands to sell. In many cases, several stores from the same chain do business in neighboring areas. This strategy makes distribution to each store cheaper, as well as making multiple deliveries per day possible. Generally, food goods are delivered to each store two to five times

9240-503: The population density is higher. Its 24/7 policy allows Malaysians to have easy access to necessities or as an alternative hang-out area, especially since Malaysians love to go out for midnight supper at mamaks and eateries that also open late at night, as more and more Malaysians are beginning to work or go out late. The availability of fresh hot food or cold premade food is popular among young workers with less time to prepare food for themselves, as many have irregular work hours, especially in

9345-686: The selection is usually smaller. As well, the following additional services are also commonly available: Some stores also sell charging service for electronic money and ATM services for credit card or consumer finance . Items not commonly sold include: Slurpees , lottery tickets, car supplies and gasoline . Konbini also offer customers the option of making konbini payments (often also referred to as just konbini ), an offline payment solution that allows customers without credit or debit cards to make online purchases. A consumer can buy online services or goods, such as video games on Steam or tickets for events. By selecting konbini as payment method at

9450-594: The small neighbourhood shops with late opening times found throughout the city (often operated by families with immigrant roots, akin to France) as Späti (translating to "Lat(e)y", derived from Spätkauf , "late purchase"). In North Rhine-Westfalia people call the same kind of shop either Kiosk , like the Finnish, (using the word in a way differing from the rest of Germany, where "Kiosk" usually means only stall-like buildings or other very small window-selling shops which are not entered by customers and which sell either newspapers and magazines or snacks and cigarettes, or

9555-645: The station's parent oil company such as Shell or by either of the two major retail corporations in Finland, Kesko or S Group . Virtually all staffed service stations have a small convenience store. In France chain convenience stores are referred to as "supérettes", implying they are mini-supermarkets. Brands include Carrefour City, Casino Shop, Coccimarket, Daily Monop', Franprix, G20, Leader Price Express, Marché Plus, Sherpa, Sitis, Spar, Utile, Vival... (see Magasin de proximité ). Some other, independent convenience shops are referred to as " Arabe du coin " – "Arab on

9660-514: The store shelves. This reduces the apparent cost differences between full-size packaging in supermarkets. Reduced packaging also reduces waste when a traveller such as a hotel guest does not want to or cannot carry leftover product with them when they depart. The average U.S. convenience store has a sales area of 2,768 square feet (257.2 m ). New stores average about 2,800 square feet (260 m ) of sales area and about 1,900 square feet (180 m ) of non-sales area—a nod to retailers recognising

9765-519: The switch from a private brand to the Sinclair name brand. By 2018, Sinclair gas stations were widely distributed across the United States, with dozens of gas stations in California, Colorado , Iowa , Idaho , Minnesota , Missouri , Montana , Nebraska , Nevada , Oklahoma, Oregon , South Dakota , Utah , and Wyoming; smaller numbers in Arizona , Connecticut , Kansas , Kentucky , North Dakota , New Mexico , New York , Texas , and Washington ; and

9870-431: The time of dinosaurs, now a largely discredited misconception. The exhibit included a 2-ton animated model of a Brontosaurus . The exhibit proved so popular it inspired a promotional line of rubber brontosaurs at Sinclair stations, complete with wiggling heads and tails, and the eventual inclusion of the brontosaur logo. Later, inflatable dinosaurs were given as promotional items. An anthropomorphic version appeared as

9975-471: The traditional food retail system. Kirana are typically family-owned stores that operate in fixed locations and carry both basic food and non-food items. Supermarket-styled convenience stores in Indonesia (commonly known as "minimarket") are mostly scattered around the towns. Due to local government restrictions in Indonesia, usually convenience stores may only be built at least 500 meters (1,600 ft) from

10080-453: The use of a fax machine or photocopier for a small per-copy cost. Some also sell tickets or recharge smart cards, e.g. Opus cards in Montreal , Canada, or include a small deli . They differ from general stores and village shops in that they are not in a rural location and are used as a convenient (hence their common name) supplement to larger stores. A convenience store may be part of

10185-516: 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. In 1956, Sunoco introduced "Custom–Blended" fuel pumps, an innovation that allowed customers of Sunoco service stations to choose from several octane ratings through

10290-469: Was an American petroleum corporation founded by Harry F. Sinclair on May 1, 1916. The Sinclair Oil and Refining Corporation amalgamated the assets of 11 small petroleum companies. Originally a New York corporation, Sinclair Oil reincorporated in Wyoming in 1976. The corporate logo featured the silhouette of a large green Brontosaurus dinosaur , based on the then-common idea that oil deposits beneath

10395-671: Was expected that the vast majority of Sinclair Oil employees would be invited to continue in their positions following the combination. The transaction did not include exploration and production assets owned by Sinclair Oil & Gas Co. Company-owned Sinclair Trucking provided distribution for Sinclair Oil fuels and other related products. Terminals were located in: Sinclair also owned and operated Grand America Hotels & Resorts , which has hotel properties in Salt Lake City , Utah; Flagstaff, Arizona ; Cheyenne, Wyoming ; Little America, Wyoming ; and San Diego, California , in addition to

10500-1090: 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. 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

10605-587: 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

10710-424: Was owned by Petrobras), Va y Ven ( Terpel ), Upa!, Upita! and Select (from Shell ). Other brands operating mostly in downtowns and middle- to upper-class neighborhoods are Ok! Market (owned by Unimarc), Big John and Oxxo (owned by FEMSA ) and some small-scale "minisupermercados" akin to mom and pop stores . In Costa Rica , family-owned and operated convenience stores called pulperías have been common since

10815-570: Was renamed Consolidated Oil Corporation . In 1943, it was renamed Sinclair Oil Corporation . Near the beginning of the Great Depression , Sinclair sold the remaining interest in its pipeline subsidiary to Standard Oil Company (Indiana) for US$ 72.5 million (Standard Oil had purchased a 50% interest in the pipeline subsidiary in 1921). With these funds, including an additional US$ 33.5 million from an additional common stock issue, Sinclair retired several promissory notes and prepared to weather

10920-523: 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,

11025-536: Was reported by the anti-fascist politician Giacomo Matteotti - who was later kidnapped and killed by Mussolini's newborn secret police, just before he could report his discoveries to the Parliament — in his posthumous article, published in the July issue of English Life (a magazine founded by Brendan Bracken ): Matteotti accused Sinclair Oil of being a pawn of Standard Oil, as well as revealing "grave irregularities concerning

#629370