Who is the owner of Sunoco?
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Amelia Hall
Studied at the University of Vienna, Lives in Vienna, Austria.
My name is Kimi, and I am an expert in the field of business and finance with a special interest in the petroleum industry. I have a deep understanding of the corporate structures and historical developments within this sector. Let's delve into the ownership of Sunoco, a company with a rich history and significant presence in the petroleum industry.
Sunoco, originally known as Sun Company Inc., was founded in 1886 in Pittsburgh, Pennsylvania, by Joseph Newton Pew, Philip Pisano, and Edward O. Emerson, among others. It has undergone several transformations over the years, evolving from a company that initially focused on kerosene to one that has become a major player in the petroleum industry.
Today, Sunoco is a type of business entity known as a Master Limited Partnership (MLP). This is a unique structure that allows for tax advantages and is often used by companies in the energy sector. It is important to note that Sunoco is controlled by Energy Transfer Partners, another entity within the energy industry. Energy Transfer Partners is a large energy company that operates in various segments of the industry, including midstream operations, which involve the transportation and storage of natural gas and crude oil.
The partnership structure of Sunoco allows it to distribute a significant portion of its income to its partners, which can be an attractive feature for investors looking for yield. This structure also means that Sunoco's operations are managed by a general partner, which in this case is Energy Transfer Partners. The general partner has control over the company's operations and is responsible for making decisions on behalf of the limited partners.
Sunoco's operations are primarily focused on the retail and wholesale distribution of motor fuel and other petroleum products. It operates a network of convenience stores and gas stations across the United States, providing fuel and other services to consumers. The company also engages in the marketing and distribution of ethanol, a renewable fuel that is often blended with gasoline to meet environmental standards.
The ownership and control of Sunoco are complex due to its partnership structure and the involvement of Energy Transfer Partners. As an MLP, Sunoco's ownership is divided between its general partner and its limited partners, which can include a variety of investors, from individual shareholders to institutional investors.
In terms of its listing, Sunoco is traded on the New York Stock Exchange (NYSE) under the ticker symbol SUN. This allows investors to buy and sell shares of Sunoco, providing them with exposure to the company's performance and the broader petroleum industry.
To summarize, Sunoco is a Master Limited Partnership controlled by Energy Transfer Partners, with its shares traded on the NYSE. Its operations are focused on the retail and wholesale distribution of petroleum products, and it is part of a larger energy conglomerate that includes a diverse range of energy-related businesses.
Sunoco, originally known as Sun Company Inc., was founded in 1886 in Pittsburgh, Pennsylvania, by Joseph Newton Pew, Philip Pisano, and Edward O. Emerson, among others. It has undergone several transformations over the years, evolving from a company that initially focused on kerosene to one that has become a major player in the petroleum industry.
Today, Sunoco is a type of business entity known as a Master Limited Partnership (MLP). This is a unique structure that allows for tax advantages and is often used by companies in the energy sector. It is important to note that Sunoco is controlled by Energy Transfer Partners, another entity within the energy industry. Energy Transfer Partners is a large energy company that operates in various segments of the industry, including midstream operations, which involve the transportation and storage of natural gas and crude oil.
The partnership structure of Sunoco allows it to distribute a significant portion of its income to its partners, which can be an attractive feature for investors looking for yield. This structure also means that Sunoco's operations are managed by a general partner, which in this case is Energy Transfer Partners. The general partner has control over the company's operations and is responsible for making decisions on behalf of the limited partners.
Sunoco's operations are primarily focused on the retail and wholesale distribution of motor fuel and other petroleum products. It operates a network of convenience stores and gas stations across the United States, providing fuel and other services to consumers. The company also engages in the marketing and distribution of ethanol, a renewable fuel that is often blended with gasoline to meet environmental standards.
The ownership and control of Sunoco are complex due to its partnership structure and the involvement of Energy Transfer Partners. As an MLP, Sunoco's ownership is divided between its general partner and its limited partners, which can include a variety of investors, from individual shareholders to institutional investors.
In terms of its listing, Sunoco is traded on the New York Stock Exchange (NYSE) under the ticker symbol SUN. This allows investors to buy and sell shares of Sunoco, providing them with exposure to the company's performance and the broader petroleum industry.
To summarize, Sunoco is a Master Limited Partnership controlled by Energy Transfer Partners, with its shares traded on the NYSE. Its operations are focused on the retail and wholesale distribution of petroleum products, and it is part of a larger energy conglomerate that includes a diverse range of energy-related businesses.
2024-05-19 16:40:59
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Works at Apple, Lives in Cupertino, CA
SunocoType Master limited partnership; controlled by Energy Transfer Partners Traded asNYSE: SUNIndustryPetroleum industryFounded1886 (as Sun Company Inc.) Pittsburgh, Pennsylvania, U.S.FounderJoseph Newton Pew Philip Pisano Edward O. Emerson10 more rows
2023-06-14 15:56:45
Ethan Patel
QuesHub.com delivers expert answers and knowledge to you.
SunocoType Master limited partnership; controlled by Energy Transfer Partners Traded asNYSE: SUNIndustryPetroleum industryFounded1886 (as Sun Company Inc.) Pittsburgh, Pennsylvania, U.S.FounderJoseph Newton Pew Philip Pisano Edward O. Emerson10 more rows
