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Sunoco

Sunoco LP /səˈnoʊkoʊ/ is an American master limited partnership organized under Delaware state law and headquartered in Dallas, Texas. It is a distributor of fuels. Before, they also focused in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales.

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.[1][2] The transaction also provided a long-term take or pay fuel supply agreement with 7-Eleven to generate consistent earnings and cash flows.[3] As of 2024, Sunoco still operates 76 retail locations, all of which are located in New Jersey and Hawaii.[4]

References

  1. ↑ "7-Eleven completes purchase of 1,030 Sunoco stores after FTC review excludes 59" Dallas Morning News. Retrieved 2024-10-18.
  2. ↑ "7-Eleven Gains Stores as Sunoco Changes Its Stripes" CSP Daily News. Retrieved 2023-02-15.
  3. ↑ "Fitch Upgrades Sunoco, LP to 'BB'" Fitch Ratings. Retrieved 2024-10-18.
  4. ↑ "Form 10-Q- March 31, 2024" (PDF). SEC. Retrieved 31 October 2024.

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