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Company type | Delaware–domiciled master limited partnership; controlled by Energy Transfer Partners |
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NYSE: SUN | |
Industry | Petroleum industry |
Founded | March 27, 1886 Pittsburgh, Pennsylvania, U.S. | (as Sun Company, Inc.)
Founder |
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Headquarters | Dallas, Texas, U.S. |
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Products | |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 2,389 (2023) |
Website | |
Footnotes / references [1] |
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. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses. Sunoco is the largest independent distributor of fuels in the United States.[2]
Its current operational focus dates back to 2018 when it divested the non–core convenience store operations to 7-Eleven to focus on fuel distribution and midstream terminal operations.[3] Joseph Kim is the current Chief Executive Officer.[4]
Sunoco distributes multiple unbranded fuel brands and also owns its own brand of retail fuel, which shares the same name as the parent company. Sunoco distributes fuel to over 5,200 fuel station locations across 30 U.S. States, Ontario, Canada, and Quebec, Canada[5]
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.)
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