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Sunoco, short for Sun Oil Company, is an American energy company that was originally
founded in 1886 as The Peoples Natural Gas Company in Pittsburgh, Pennsylvania.
Over the years, it evolved and expanded its operations, eventually becoming Sun
Oil Company. Sunoco is primarily known for its involvement in the oil and gas industry,
with activities including the refining, distribution, and marketing of petroleum
and petrochemical products.
Here are some key points about Sunoco:
Refining and Marketing: Sunoco has historically been involved in the refining
of crude oil into various petroleum products, including gasoline, diesel fuel, and
lubricants. The company also operates a network of gas stations and convenience
stores, often branded as Sunoco, where it sells its products to consumers.
Sunoco LP: In recent years, the company has shifted its focus to become a fuel
distributor and retail operator through its subsidiary, Sunoco LP. Sunoco LP operates
convenience stores, fueling stations, and terminals in various states across the
United States.
Sunoco's History: Sunoco has a long history in the oil and gas industry and has
been involved in various ventures and acquisitions over the years. It was a prominent
player in the early development of the American oil industry.
Sunoco Logistics: Sunoco Logistics Partners LP, now part of Energy Transfer Partners,
was a separate entity that focused on the transportation, storage, and distribution
of crude oil, refined products, and natural gas liquids. It played a significant
role in the energy infrastructure of the United States.
Changes and Divestitures: Over time, Sunoco has gone through various changes,
including selling or divesting certain assets and businesses. These changes were
often made to adapt to evolving market conditions and focus on core operations.
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