Sunoco
| Sunoco LP
|
|
|---|---|
 |
|
| legal form | Limited partnership |
| founding | 1886 |
| Seat | Philadelphia , United States |
| management | Robert W. Owens |
| Number of employees | 11,850 |
| sales | 16,935,000,000 US dollars |
| Branch | Petroleum, natural gas, refineries, distribution of petroleum products |
| Website | www.sunoco.com |
| As of December 31, 2015 | |
Sunoco is a petroleum company from the United States . Formerly Sunoco was known as Sun Company Inc. known. The company's headquarters are in Philadelphia , Pennsylvania . Sunoco has been a majority subsidiary of Energy Transfer Partners , LP since 2012
history
In 1886 the company's founders Joseph Newton Pew and Edward O. Emerson decided to expand the natural gas business with a step into the newly discovered oil fields in Ohio and Pennsylvania. Four years later, the growing company was renamed the Sun Oil Company of Ohio. The company grew rapidly and was very successful in the production and sale of petroleum and petroleum-based processing products. In 1901 the company extended its interests to the Spindletop oil field in Texas .
With a growing number of oil fields and refineries behind them, the company opened the first gas station in Ardmore , Pennsylvania in 1920 . In 1925 the company was listed on the New York Stock Exchange.
After the end of the Second World War , the company expanded internationally. The first Canadian refinery was built in Sarnia , Ontario in 1953 . In 1957, the company produced crude oil on Lake Maracaibo in Venezuela , until this location was nationalized by the state of Venezuela in 1975. In 1979, the group, which was then acting as Sun Company, acquired Elk River Resources Inc. with its subsidiaries Shamrock Coal Company and Jewell Coal & Coke Company at a price of around 300 million dollars . The mining sector was in 1999 at the James River Coal Company in Richmond sold.
In January 2001 Sunoco acquired the Pittsburgh-based Aristech Chemical with its five chemical plants and expanded the research center in Pittsburgh. Sunoco Chemicals thus became one of the world's largest producers of phenol , polypropylene and other basic materials for the chemical industry.
In 2012, Sunoco was taken over by Energy Transfer Partners.
The company now only focuses on the distribution of petroleum products. The chemicals division was sold to Braskem , Honeywell and Goradia . The Tulsa Refinery was sold to HollyFrontier , the Toledo Refinery to PBF Energy and the Philadelphia Refinery to Philadelphia Energy Solutions . The coking business was spun off as SunCoke Energy .
Individual evidence
- ↑ Senior Management
- ↑ a b Form 10-K 2015
- ^ Energy Transfer Partners to Acquire Sunoco in $ 5.3 Billion Transaction , April 30, 2012
- ↑ Cartel Restriction Act: Hearings Before the Subcommittee on Consumer Protection and Finance of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-sixth Congress, Second Session, on HR 4661 ... June 24 and 26, 1980 . US Government Printing Office, 1981, pp. 286 (English, 427 pp.).
- ^ Marius S. Vassiliou: The A to Z of the Petroleum Industry . Scarecrow Press, 2009, ISBN 978-0-8108-7066-6 , pp. 388 (English, 716 pp.).
- ↑ Heritage on www.sunoco.com , accessed on 24 March 2016
- ↑ Presentation of Philadelphia Energy Solutions (PDF)