The story
Founded by Joseph Newton Pew in 1886, in Pittsburgh.1
1800s to 1950s: founding and growth
The partnership began as The Peoples Natural Gas Company in Pittsburgh, Pennsylvania. In 1886, its partners – Joseph Newton Pew, Philip Pisano, and Edward O. Emerson – decided to expand their fuel business with a stake in the new oil discoveries in Ohio and Pennsylvania. Four years later, the growing enterprise became the Sun Oil Company of Ohio. Sun Oil diversified quickly and became active in the production and distribution of oil as well as processing and marketing refined products. By 1901, the company was incorporated in New Jersey as Sun Company, Inc.
In 1902, the Sun Oil Refining Company was chartered in Texas, as it turned its interest to the new Spindletop field in Texas. Joseph Newton Pew's nephew, J. Edgar Pew, was able to buy the storage and transportation assets of Lone Star and Crescent Oil Company at a receivership auction. Spindletop oil was then shipped to the company's Marcus Hook, Pennsylvania, refinery.
Pew's sons, J. Howard Pew and Joseph N. Pew Jr. would take over the company after their father's death.
With a growing portfolio of oil fields and refineries, Sun opened its first service station in Ardmore, Pennsylvania, in 1920. In 1922, it changed its name back to Sun Oil Company and, in 1925, it became a public company via an initial public offering on the New York Stock Exchange. Sun Oil ranked 39th among United States corporations in the value of World War II production contracts. The company expanded internationally following the war. Its first Canadian refinery was built in 1953 in Sarnia, Ontario, home to a burgeoning new petrochemical industry. Sun Oil established a facility at Venezuela's Lake Maracaibo in 1957, which produced over a billion barrels (159 trillion liters) before the operation was nationalized in 1975.
In 1956, the company introduced "Custom–Blended" fuel pumps, an innovation that allowed customers of Sunoco service stations to choose from several octane ratings through a single pump. Sunoco stations offered as many as eight grades of "Custom–Blended" fuels from its "Dial A Grade/Blend Selector" pumps ranging from subregular Sunoco 190 to Sunoco 260 and super-premium grade of 102 octane. The Sunoco 260 was advertised as "The Highest Octane Fuel You Can Buy!" and very popular with operators of V8–powered muscle cars of the 1960s.
1960s to 1990s: acquisitions and branding
In 1967, Sun Oil established its Great Canadian Oil Sands Limited facility in northern Alberta, Canada to access the estimated 300 billion barrels (48 km3) of extractable oil in the Athabasca oil sands.
In 1968, Sun Oil merged with Tulsa, Oklahoma–based Sunray DX Oil Company, which refined and marketed fuel under the DX brand in several midwestern states, and included several refineries. Its Tulsa refinery was operated by the company until its sale in June 2009 to Holly Corporation of Dallas. This move expanded Sun Oil's marketing area into the mid–continent region.
The company continued marketing its petroleum products under both the Sunoco and DX brands through the 1970s and into the 1980s. In the late 1980s, it began rebranding DX stations in the Midwest to the Sunoco brand, but by the early 1990s, they pulled out of virtually all areas in the southeastern U.S. and west of the Mississippi, resulting in the closing and rebranding of service stations and jobbers to other brands in those areas, notably Sinclair in Oklahoma and Kerr-McGee and Chevron in Arkansas.
Read the full text
With increased diversification, Sun Oil Company was renamed Sun Company in 1976. In 1980, Sun acquired the U.S. oil and gas properties of Texas Pacific Oil Company, Inc., a subsidiary of The Seagram Company Ltd, for U.S.$2.3 billion – the second largest acquisition in U.S. history to that date.
Through the 1980s, Sun developed oil interests in the North Sea and offshore China and expanded its holdings in both oil and coal with additional U.S. business acquisitions. In 1983, the company launched Sunoco ULTRA 94, the market's highest octane unleaded fuel. Then in 1988, Sun undertook a restructuring to segregate its domestic oil and fuel exploration and production business and focus the company on its refining and marketing business. This led to the acquisition of Atlantic Refining and Marketing (and, in effect, that company's convenience store chain, A–Plus), including its Philadelphia refinery which was later merged with the former Gulf Oil refinery that Sunoco acquired from Chevron.
By the 1990s, the company had departed the international exploration business and was fully dedicated to its branded products and services. In 1994, Sun acquired the Philadelphia Chevron Oil refinery consolidating operations with its own adjacent which it had acquired with Atlantic. It sold its remaining interest in Canada's Suncor Energy in 1995 but markets products from two refineries – one in Toledo, Ohio, and the other Sarnia, Ontario – in joint ventures. In 1998, Sun Company, Inc. became Sunoco, Inc. In 2011 the Toledo facility was sold to PBF Energy, Inc.
In 1998, Sunoco acquired the chemical business of Allied Signal, including a phenol plant. The business was renamed as "Sunoco Chemicals, Inc." In 2011, the plant was acquired by Honeywell for $85 million.
2000s
In 2003, Speedway LLC, then a subsidiary of Marathon Petroleum, sold 193 convenience stores to Sunoco. It also acquired service stations from Coastal Petroleum.
In 2004, Sunoco replaced the ConocoPhillips' 76 brand as the Official Fuel of NASCAR.
After ConocoPhillips abandoned the marketing of the Mobil brand name in the Washington, D.C. area, Sunoco purchased these rights, converted Maryland and Virginia Mobil stations to the Sunoco brand, bringing the A–Plus convenience store with them – prior to this, these stations had convenience stores under the Circle K or On the Run brands.
In September 2009, Sunoco sold its retail heating oil and propane distribution business to Superior Plus for $82.5 million in cash.
In Canada, the Sunoco brand was used for the Ontario retail fuel station operations of former affiliate Suncor Energy until 2010; Suncor held (and continues to hold) the "Sunoco" trademarks for gasoline outright in Canada. Following Suncor's acquisition of Petro-Canada, all Canadian Sunoco outlets were converted to Petro-Canada branding, except for one location in North Bay, Ontario.
In December 2010, Sunoco sold its refinery in Toledo, Ohio, to PBF Energy, Inc. for $400 million. Effective September 6, 2011, Sunoco announced that it would exit the crude oil refining business and seek to sell its Philadelphia and Marcus Hook, Pennsylvania refineries by mid-2012. The company stated that its cost for exiting the refining business could be as high as $2.7 billion. According to one report, it had lost some $800 million on refining operations since 2009; an earlier report provided a figure of $772 million.
On December 1, 2011, Sunoco announced it would accelerate closure of the Marcus Hook facility. The Marcus Hook facility, founded in 1902 and covering 781 acres, was dedicated exclusively to the processing of light sweet crude oil; this processing focus combined with volatility in crude oil prices are considered contributing factors to both this refinery's closure and Sunoco's exit from the refinery business.
In 2012, Sunoco demolished its Eagle Point refinery complex in West Deptford Township, New Jersey, which had been idle since 2010.
In September 2012, Sunoco formed a joint venture with The Carlyle Group, allowing for the continuation of operations at the Philadelphia refinery, and temporarily saving over 800 jobs. However, on January 22, 2018, the joint venture, named Philadelphia Energy Solutions, filed for bankruptcy.
Environmental record
On June 21, 2019, a damaging fire occurred at a 30,000 bpcd (barrels per calendar day) alkylation unit in Philadelphia. The explosion of the alkylation unit triggered a massive fireball and caused nearby homes to shake. A few days later, on June 26 the refinery complex announced it would cease operations and shut down.
In 2014, Sunoco was one of 50 companies sued by Pennsylvania, which alleged that the companies polluted waters with MTBE, a fuel additive.
In 2000, Sunoco leaked 190,000 US gallons (720,000 L) of oil into the John Heinz National Wildlife Refuge at Tinicum in Pennsylvania, through a cracked pipe. Sunoco claimed its systems did not detect the leak, which was reported by a hiker in the Wildlife Refuge. The company installed advanced leak detection systems after removing the defective joints on that and associated pipelines.
In 1993, Sunoco became the first Fortune 500 company to endorse the CERES principles (Coalition for Environmentally Responsible Economies). The 10–point conduct code includes public reporting of environmental record.
Purchase by Energy Transfer Partners and creation of Sunoco LP as master–limited partnership
In 2012, Dallas–based energy company Energy Transfer Partners purchased Sunoco. Sunoco would subsequently move its corporate headquarters to Dallas in 2016.
On August 29, 2014, Energy Transfer Partners acquired Susser Holdings Corporation, owner of Stripes Convenience Stores and general partner of Susser Petroleum Partners LP (SUSP). On October 27, 2014, Susser Petroleum Partners LP changed its name to Sunoco LP and its ticker symbol from SUSP to SUN. From 2014 to 2016, Energy Transfer Partners sold the combined retail and marketing assets of Sunoco and Susser Holdings to Sunoco LP.
In Texas, Sunoco replaced Valero at the Stripes locations; Stripes and A–Plus remained separate brands.
Current operation: focus on fuel distribution and energy infrastructure
Also in 2014, Sunoco LP acquired Aloha Petroleum, Ltd., a retail and wholesale fuel business with six terminals in Hawaii. Additionally, it purchased eight Pico convenience stores in south central Texas. In December 2015, the company completed its acquisition of Alta East, Inc., a wholesale motor fuel distribution business serving the northeast United States. In 2015, Aloha Petroleum, Ltd. acquired stores including a Subway in Hawaii.
In June 2016, Sunoco LP purchased Valentine Convenience stores, consisting of 18 locations selling more than 20 million gallons of fuel, as well as Texas–based Kolkhorst Petroleum, Inc. Kolkhorst operated 14 convenience stores under the Rattler's brand and distributed more than 46 million gallons of fuel. Denny Oil, a convenience store and wholesale distributor operator, was purchased by Sunoco LP in October 2016, adding an additional 90 million gallons of fuel to its distribution business.
Sunoco diversified its portfolio in August 2016 with the acquisition of Emerge Energy Services LP, entering into the business of processing transmix fuels.
In April 2017, Sunoco introduced at all of its stations Sunoco UltraTech, a high-detergent fuel blend that met Top Tier standards. Sunoco UltraTech contains the same detergent level as the fuel Sunoco makes for NASCAR.
In January 2018, the company sold 1,030 retail stores to 7-Eleven and agreed to supply 2.2 billion gallons of fuel to 7–Eleven convenience stores annually for 15 years. This included Sunoco's contract to the service plazas along the Pennsylvania Turnpike. Sunoco LP announced the completion of the acquisition of the refined terminal business from American Midstream Partners, LP on December 20, 2018.
On April 2, 2018, Sunoco announced the completion of the conversion of its 207 retail sites located in central west Texas, Oklahoma, and New Mexico markets to a single commission agent, Cal's Convenience, Inc. That month also saw the acquisition of Superior Plus Energy Services, adding three terminals and approximately 200 million gallons to Sunoco LP's wholesale fuels business. Additional 2018 acquisitions included Sandford Energy, LLC., BRENCO Marketing Corp., and Schmitt Sales, Inc.
In 2019, Sunoco LP announced a 50 percent ownership joint venture with Energy Transfer on the J.C. Nolan diesel fuel pipeline that connects west Texas to the Gulf Coast. On January 18, 2019, Sunoco LP announced the execution of a definitive asset purchase agreement with Attis Industries, Inc. for the sale of Sunoco LP's ethanol plant, including the grain malting operation in Fulton, New York.
In 2021, the company expanded its midstream footprint with the construction of a terminal in Brownsville, Texas along with the purchase of a terminal in Maryland from Cato Incorporated and eight terminals in Illinois, Maryland, Florida, New Jersey, and Virginia from NuStar Energy LP.
In 2022, Sunoco acquired Gladieux Capital Partners, LLC, a transmix plant in Indiana that included a wholesale fuel business, and Peerless Oil & Chemicals, a terminal and wholesale fuel business in Puerto Rico.
In May 2023, the company completed the acquisition of 16 refined product terminals located across the East Coast and Midwest from Zenith Energy.
In January 2024, Sunoco announced the sale of 204 convenience stores in New Mexico, Oklahoma, and West Texas to 7-Eleven for $1.0 billion.
On March 13, 2024, Sunoco LP announced its acquisition of Zenith Energy Netherlands Amsterdam B.V., which included liquid fuels terminals in Amsterdam, Netherlands, and Bantry Bay, Ireland.
On May 3, 2024, Sunoco LP acquired NuStar Energy LP for $7.3 billion. As reported by J.P. Morgan analysts, the acquisition “represented a transformative shift in strategy to a more diversified and vertically integrated business.” Assets added in the acquisition included a network of approximately 9,500 miles of pipeline and 63 terminals.
In July 2024, Sunoco LP announced the formation of a joint venture with Energy Transfer to combine their crude oil and produced water-gathering assets in the Permian Basin. The joint venture now operates more than 5,000 miles of crude oil and water gathering pipelines along with crude oil storage capacity of over 11 million barrels. Energy Transfer holds a 67.5% interest in the joint venture, with Sunoco LP holding the remaining 32.5% interest.
In August 2024, the company acquired a liquid fuels terminal in Portland, Maine.
On March 12, 2025, Sunoco LP expanded its presence in Europe by acquiring TanQuid, Germany's largest independent terminal operator with a portfolio of 15 terminals located in Germany and one terminal located in Southwestern Poland. This infrastructure serves an important role in the European fuel distribution supply chain.
On October 31, 2025, Sunoco LP announced that it had closed on its acquisition of Canadian fuel distributor and retailer Parkland Corporation in a cash and equity deal valued at $9.1 billion, making Sunoco the largest independent fuel distributor in the Americas, with over 11,000 retail locations. The company also became owner of the Burnaby Refinery.
As part of the transaction, Sunoco formed a new publicly traded Delaware limited liability company named SunocoCorp LLC (NYSE: SUNC). SunocoCorp holds limited partnership units of Sunoco that are economically equivalent to Sunoco's publicly traded common units on the basis of one Sunoco common unit for each outstanding SunocoCorp unit. This new publicly traded entity is treated as a corporation for tax purposes.
From Wikipedia’s article on Sunoco, shared under CC BY-SA 4.0.9