SUN
- Sunoco LP
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Overview
Company Summary
Sunoco LP (SUN) is a company primarily engaged in the distribution and sale of refined petroleum products. Established in 2012 and headquartered in Dallas, Texas, Sunoco LP operates as a wholesale fuel distributor and retail marketing company.
As a wholesale fuel distributor, Sunoco LP sources petroleum products such as gasoline, diesel fuel, and aviation fuel from various refineries and suppliers. They then distribute these products to independent and company-owned service stations, commercial businesses, and government entities across the United States.
Sunoco LP's retail marketing segment manages and operates a chain of convenience stores and gas stations under various brand names, including Sunoco, Stripes, APlus, and Aloha Petroleum. These retail locations not only offer fuel but also provide convenience products such as snacks, beverages, prepared food, and other consumer goods. Some locations may have additional services, including car washes, vehicle maintenance, and financial services.
The company generates revenue from wholesale fuel sales, retail store merchandise sales, and income from various other services offered at their retail locations. By both selling fuel to wholesale customers and operating their own retail stores, Sunoco LP aims to capture a significant portion of the petroleum product market in the regions they serve.
Overall, Sunoco LP functions as an intermediary between refineries and end consumers, ensuring a steady supply of fuel while also operating a network of retail locations to cater to consumer demands for both fuel and convenience products.