Sunoco

Sunoco LP /səˈnoʊkoʊ/ is an American <a href="/facts/Master_limited_partnership/lvVfAm6x">master limited partnership</a> organized under <a href="/facts/Delaware_General_Corporation_Law/MxqqcwGv">Delaware state law</a> and <a href="/facts/Headquartered/5rUlMcoP">headquartered</a> in <a href="/facts/Dallas%2c_Texas/f3c7MQn0">Dallas, Texas</a>. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of <a href="/facts/Gasoline/lcnxq5BS">fuels</a> and operator of energy infrastructure. It was previously engaged in <a href="/facts/Petroleum/IQV0bHVd">oil</a>, <a href="/facts/Natural_gas/9MYQ7NAP">natural gas</a> <a href="/facts/Exploration/wXUhG45B">exploration</a> and <a href="/facts/Production_(economics)/G5mF3WkI">production</a>, <a href="/facts/Refining/ppbrMkLe">refining</a>, <a href="/facts/Chemical_manufacturing/3M6gfHer">chemical manufacturing</a>, and <a href="/facts/Retail/unzV9sPF">retail</a> fuel sales, but divested these businesses.
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.
Its current operational focus dates back to 2018, when it divested the non–core <a href="/facts/Convenience_store/LpWjFLqc">convenience store</a> operations to <a href="/facts/7-Eleven/xbDQ8QRT">7-Eleven</a> 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. As of 2024, Sunoco still operates 76 retail locations, all of which are located in New Jersey and Hawaii, the latter branded as <a href="/facts/Aloha_Petroleum/7XvE39yc">Aloha Petroleum, Ltd.</a>.
As of 2024, the company distributes over 8 billion U.S. gallons (30 billion liters) of fuel across more than 40 U.S. states and territories, making it one of the largest independent fuel distributors in the United States. Its midstream operations include a network of approximately 14,000 miles (23,000 km) of pipeline and over 100 terminals. It has by far the largest number of gas stations in <a href="/facts/Pennsylvania/HGqC5bBm">Pennsylvania</a> at over 800 locations, more than triple that of second-place <a href="/facts/ExxonMobil/0qXyFrM4">ExxonMobil</a>, though it is second to convenience store chain <a href="/facts/Sheetz/evwR41Fp">Sheetz</a> in total fuel sales in the state.

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Sunoco